EDITORIAL PAGE — A voice from the wilderness
Ontario is fortunate to have a vibrant prospecting community, one that has contributed significantly to many important discoveries in the province. And that is why political leaders should pull up a c…
News
STOCK MARKETS — TSE market sell-off continues to smart
A host of negative factors — continued downward pressure on the Canadian dollar, threats of inflation, higher interest rates and weaker markets in New York and Tokyo — took its toll on the Toronto S…
Silver Standard to drill El Gato
By early February, a 1,400-metre drilling program will begin on El Gato, a silver property in central Mexico. Silver Standard Resources (VSE) reports that preliminary exploration outlined a large silv…
COMMENTARY — Stimulate mine exploration
An unfortunate reality of today’s mining business is that more and more mining companies are investing their exploration dollars outside Canada, says Gregory Waller, financial analysis manager for Com…
Caledonia boosts stake in Spanish gold mine
Toronto-listed Caledonia Mining has bought an additional 15.2% interest in the Filon Sur gold mine in Spain for US$1.3 million. This raises to 98.4% the company’s ownership in the project. Since 1988,…
Mine yard scrap proves valuable
At the South mine of Inco near Sudbury, Ont., what began as scrap in the muck has evolved into big bucks in the backyard. Armed with only a suspicion and the co-operation of their fellow miners, suppl…
Zappa drills Ponce Enriquez in Ecuador
Drilling by Zappa Resources (VSE) has uncovered widespread, low-grade gold mineralization at the Ponce Enriquez project in southwestern Ecuador. Work to date has focussed on two gold zones, the Guadal…
Shareholder boosts stake in Nuinsco
Private Bahamian corporation Wincro has acquired an additional 600,000 shares of Nuinsco Resources (TSE) at 50 cents each. The purchase, from a group of Nuinsco shareholders, increases Wincro’s intere…
OBITUARIES — Former editor John Carrington spent 44 years at
A former editor of The Northern Miner, John W. Carrington, passed away Jan. 20 in Toronto after a long illness. He was 81. Carrington, who devoted his entire career of 44 years to the weekly newspaper…
Cepeda, Cominco subsidary carry on down south
Partners Cepeda Minerals (VSE) and Cominco Resources International (TSE) intend to continue exploring for gold properties in South Carolina. Since its inception in 1990, the equal partners have spent …
METAL PRICES — FREE MARKET (January 30, 1995)
London Metal Exchange Spot closing prices in $US per tonne Date Jan. 24 Jan. 23 Jan. 20 Jan. 19 Jan. 18 Copper 3044.5-3045.5 3032-3033 3050-3051 3055-3056 2973-2976 Lead 687-688 692-693 689.5-690.5 67…
Ecudor drilling at McWatters property
A 40-hole, 3,000-ft. drilling program at the McWatters gold project near Rouyn-Noranda, Que., is near completion. Societe Miniere Ecudor (ME) says more than 80% of the holes drilled to date intersecte…