Nelson builds gold project in Tajikistan
The Zeravshan mining project in Tajikistan will be ready for commercial gold production by the first quarter of 1996.Operator Nelson Gold (TSE) has a 49% joint-venture interest in Zeravshan, while the…
News
LABRADOR NEWS ROUNDUP — Lakefield Minerals acquires Minipi land
The Minipi Lake area, about 100 km southwest of Goose Bay, has attracted several junior exploration companies seeking anorthosite-hosted base metals.Lakefield Minerals (CDN) recently purchased claims …
French company eyes diamonds
French-based Guyanor Ressources (TSE) will explore a 25-sq.-km property in central French Guiana that contains a known diamond occurrence.Diamonds were discovered in the Inini area in 1978 when Bureau…
Records set at Lac des Isles
The second quarter of 1995 saw Toronto-listed North American Palladium (NAP) set a production record at its Lac des Isles platinum-palladium mine near Thunder Bay, Ont.Output of 206,700 tons surpassed…
INSIDER TRADING — Adex execs exercise options and sell shares
Several insiders of Adex Mining (TSE) traded both common shares and options in the company during April and May.According to the Ontario Securities Commission’s OSC Bulletin, Sally Burton, senior offi…
Redfern firms up plans for Tulsequah
A positive feasibility study is enabling Redfern Resources (TSE) to formulate mining and milling plans for its Tulsequah Chief property in northwestern British Columbia.Rescan Engineering of Vancouver…
Sutton intersects high-grade gold at Bulyanhulu project
Extensive drilling on the Bulyanhulu gold project in Tanzania is encountering significant gold mineralization well below previous depths.Sutton Resources (VSE), which acquired the project a year ago, …
METAL PRICES — FREE MARKET (August 07, 1995)
London Metal ExchangeSpot closing prices in $US per tonneDateAugust 1 July 31July 28 July 27 July 26Copper3010-3015 2978-29572982-29873005-30102970.5-2985.5Lead624.5-625.5 621-622620-62162…
INVESTMENT COMMENTARY — Coal producer Hillsborough shows earnings potential
The coal sector may not be imbued with the romance associated with gold or diamond mining, yet “black gold” does generate profits for many a producing company.Douglas Hurst, mining analyst for Sprott …
Mixed numbers reported from Golden Bear
Infill drilling on the Ursa zone at the Golden Bear mine property in northwestern British Columbia is confirming previous high-grade gold intersections for Wheaton River Minerals (TSE), although stepo…
Drilling at Red Lake mine proves continuity of zones
Goldcorp (TSE) has released additional results from its ongoing $10-million exploration and development program at the Red Lake mine in northern Ontario.In addition to advancing drifts, Goldcorp carri…
Gold-hungry Barrick spreads wings
Taking a decidedly aggressive approach to mine-finding, Barrick Gold (TSE) has announced plans to spend US$30 million within several underexplored areas of West Africa and China.In Mali, drilling will…