Kookaburra works Peruvian prospect
Mapping and sampling of underground workings, along with soil geochemical work, continue at the Tacaza copper project in Peru, Kookaburra Resources (TSE) reports. Reverse-circulation drilling has outl…
News
EDITORIAL PAGE — GSC move a few rocks short
Federal Mines Minister Anne McLellan was recently taken to task in the House of Commons by Lee Morrison, the Reform Party’s mining critic. The minister was questioned about a proposal to relocate the …
Dakota raises funds for Anchor Hill
From the sale of special warrants, Dakota Mining (TSE) received US$6 million in gross proceeds to finance development of the Anchor Hill project at the Gilt Edge gold mine near Deadwood, S.D. The comp…
Voisey drilling shows zone continuity
Drilling at the Voisey Bay nickel-copper-cobalt project in Labrador continues to intersect mineralization, indicating the zone has excellent continuity in both grade and thickness. To date, Diamond Fi…
Odds ‘n’ Sods — Block carving at Helen
The first “block carving” at the Helen mine of Algoma Steel was in a block of siderite ore measuring 500 ft. long, 250 ft. wide and 300 ft. high. Situated under an open-pit floor, the block contained …
Royalstar drilling Honduran project
A first phase of drilling is being completed by Royalstar Resources (VSE) at the Clavo Rico gold concession in southern Honduras. Royalstar recently sampled sheared and brecciated andesite volcanic ro…
Bronzewing enters production
The booming gold industry in Australia has spawned a series of major discoveries in recent years, one of the better ones being the Bronzewing mine of Great Central Mines (NASDAQ) which recently entere…
OBITUARY — Mario de Bastiani
A pioneer in the Canadian uranium industry through his involvement in the development of the town of Elliot Lake, Ont., and the startup of Consolidated Denison Mines in 1955, Mario de Bastiani, P. Eng…
LETTERS TO THE EDITOR — Keep mining in Canada, but at what
The vast majority of workers in the mining industry, myself included, agree that the taxation of mines should be competitive with the rest of the world. But in other parts of the world, what are the c…
Mining lease issued for Lihir
The government of Papua New Guinea (PNG) has granted a special mining lease for the Lihir gold project, clearing the way for construction to begin during the second quarter. The project, on Lihir Isla…
East Africa Gold negotiates placement
Vancouver-listed East Africa Gold has concluded negotiations for a private placement of up to 1.8 million units at $1.35 each. A unit consists of a share and a warrant entitling the holder to buy an a…
Spot prices at a glance (March 27, 1995)
Week’s Price (US) Change Gold* $381.40 – $5.20 Silver* $4.58 – $0.15 Platinum* $412.25 – $10.50 Nickel** $3.36 – $0.05 Lead** $0.27 + $0.01 Copper $1.34 + $0.02 Zinc $0.47 + $0.01 Courtesy of Scotiaba…