NEWS ROUNDUP — Republic finds zone in Cuba
A previously unrecognized volcanic basin has been found on the Purial mineral concession in eastern Cuba. Republic Goldfields (VSE) reports that the basin measures 22 by 19 miles and hosts at least se…
News
Ontario grant will help export of mining services
The Ontario government will contribute $875,000 to the Canadian Association of Mining Equipment and Services for Export (CAMESE). The funding will form part of the association’s $3.5-million, 5-year b…
NEWS ROUNDUP — Teddy completes private placement
Proceeds from a $6-million private placement will be used to help fund development of the Holloway gold project in northeastern Ontario. Teddy Bear Valley Mines (CDN) has a 15.35% interest in the proj…
TSE INDICES (December 26, 1994)
— 1994 — Dec 20 Dec 19 Dec 16 Dec 15 Dec 14 High Low Composite”300″ 4154.13 4136.75 4118.03 4111.73 4078.85 4609.93 3518.31 Metals&Minerals 4117.63 4120.23 4092.35 4014.54 3930.53 4289.04 3273.56 In…
Hemlo hits gold zone near Timmins
Toronto-listed Hemlo Gold Mines has intersected a gold-bearing alteration zone on the Sewell-Reeves property southwest of Timmins, Ont. The company is earning an interest in the 322-claim property fro…
COMMENTARY — Restructure reclamation funds
Mining is an integral part of Canada’s economy, and without necessary steps taken by the federal government, this vital national industry will wither away, says Wayne Fraser, a professional engineer a…
Gold exploration projects studied
An analysis of various gold exploration projects around the globe is available from Mining Investment Service of Tucson, Ariz. The report lists 323 deposits and analyzes their prospects with regard to…
Brazilian gold mining camp attracts Lysander
Though it ranks as the world’s seventh-largest producer of gold, Brazil has been largely ignored by the current crop of Canadian juniors attempting to gain exposure to South America’s historic mining …
DIAMOND STORY — BHP updates plan for diamond project
An updated “project description” for the Northwest Territories diamond project managed by BHP Minerals Canada is in the hands of the Environmental Review Panel. The recently created panel is responsib…
Ecum, partner plan drilling
Private company Ecum Secum Enterprises of Truro, N.S., is bullish about a silver property in the Bathurst camp of New Brunswick, west of the old Nigadoo base metal-silver-bismuth mine. Worked by previ…
METAL PRICES — FREE MARKET (December 19, 1994)
London Metal Exchange Spot closing prices in $US per tonne Date Dec 13 Dec 12 Dec 9 Dec 8 Dec 7 Copper 2943-2945 2973-2974 2997-2998 2970-2972 2895-2896 Lead 609-610 630-631 637.5-638.5 631-632 618-61…
Drilling confirms resource at Boleo
Infill drilling on the Boleo copper-cobalt project in Baja California Sur, Mexico, is returning results consistent with previous resource estimates. The property, owned by International Curator Resour…