Vancouver refiner looks to restart
Australian-based Golden West Refining will breathe new life into International Nesmont Industrial’s dormant gold refinery in Ladner, B.C.The refinery was shut down last year after brass bars were foun…
News
EPA files complaint against Pegasus
Complaints have been filed against Pegasus Gold (TSE) and subsidiary Zortman Mining for allegedly violating the U.S. Clean Water Act at the Zortman-Landusky gold mine in Montana.The complaints were lo…
METAL PRICES — FREE MARKET (July 03, 1995)
London Metal ExchangeSpot closing prices in $US per tonneDateJune 27June 26June 23June 22June 21Copper3056-3057 3100-3103 3125-31303135-31403097-3098Lead621-622 626-627 621.5-622.5 611-612…
Winter program enhances diamond project
Winter drilling at the N.W.T. Diamonds project near Lac de Gras has substantially increased the grade of the Misery pipe and enhanced or confirmed the previously reported grades of the Koala, Panda an…
Madsen completes financing
A $2.1 million financing was recently completed by Madsen Gold (TSE). The junior plans to use the proceeds to complete the purchase of the Dona Lake mill.The mill will be moved from its current locati…
Eden Roc to double production
For the first six months of 1995, gold production at Eden Roc Mineral’s (TSE) Ivory Coast property is expected to be more than double what it was in the same period last year.Output for the period is …
San Andreas drilling for silver-lead-zinc
Diamond drilling is under way on the Prairie Creek property of San Andreas Resources (TSE), 300 miles west of Yellowknife, N.W.T.The property hosts a geological resource of 6.8 million tons grading 12…
Consolidated Silver to acquire stake in Mexican silver play
Emerging from several years of dormancy, Consolidated Silver (NASDAQ) is trying to gain a footing in the industry.Under an agreement with Hecla Mining (NYSE) which owns 67% of Consolidated, the junior…
Bre-X ups resource at Busang
An independent consultant has updated the resource at the Busang gold property in East Kalimantan, Indonesia.Owner Bre-X Minerals (ASE) estimates that, based on a cutoff grade of 1 gram gold per tonne…
PEOPLE — LAGUNA GOLD
Laurence Marsland appointed president; James McGowen appointed chairman; George Mallon appointed vice-chairman; and Robert Monroe appointed director.
EDITORIAL PAGE — Canada, Cuba and the U.S.
Having come of age on the battlefields of Europe and the Far East, Canada has earned the right to make its own foreign policy and conduct business ventures accordingly. That is why it is puzzling, to …
Cyprus Amax finances El Abra
A major hurdle has been cleared in the endeavor to develop the Chilean copper project known as El Abra.Cyprus Amax Minerals (NYSE), which owns 51% of the gigantic project, reports that financing of US…