Fortune encouraged at Yellowknife play
Mapping and sampling on Fortune Mineral’s (CDN) polymetallic NICO claim group northwest of Yellowknife, N.W.T., has yielded significant results. Mapping traced the No. 1 zone for 300 metres along stri…
News
Platinum demand rising but surplus to remain
World demand for platinum will rise by 7% this year to a new peak of 4.3 million oz., but it will not be sufficient to overcome the supply. The prediction was made by metals dealer Johnson Matthey, wh…
Program could augment Joe Mann reserves
Positive drill results are reported from the Joe Mann copper-gold mine south of Chibougamau, Que. Owner Campbell Resources (TSE) reports that the work was carried out at the newly discovered West zone…
FACTS + FIGURES — Car design and metals
More than 30 million passenger cars were produced in North America, Japan and Western Europe in 1993, and more than 360 million cars were in use. The automobile industry is a large-scale consumer of a…
Sherritt concludes Cuban nickel deal
Metal refiner Sherritt (TSE) and Cuban state-owned General Nickel Co. have entered into a 50-50 joint venture to mine, refine and market cobalt and nickel. Cuba has granted the joint venture mining co…
EDITORIAL PAGE — What’s ahead for cobalt?
The recent increase in cobalt prices to more than US$26 per lb. is good news for producers, some of whom have already responded to current tightness by expanding production. And further down the road,…
Echo Bay gives nod to Lamefoot deposit
A new gold deposit is set to come on stream for senior gold producer Echo Bay Mines (TSE). The Lamefoot deposit is the latest in a string of five deposits to be put into production at the Kettle River…
NASDAQ moves on improvements
Under investigation by the U.S. Justice Department and the Securities and Exchange Commission (SEC) for allegedly fixing prices and other abuses, NASDAQ (National Association of Securities Dealers Aut…
BHP enhancing Tanzanian deposit
A second hole drilled near the Kabanga nickel-cobalt deposit in northwestern Tanzania has confirmed the potential for a significant new zone. BHP Minerals reports that Hole 43 intersected an estimated…
Adex tests Blackheart zone
As part of its option to earn a 60% interest in the Potts Falls gold project in Guyana, Adex Mining (TSE) has performed surface exploration on the Blackheart zone. Infill and deep auger sampling have …
PEOPLE — LORICA RES. — Jaime Araoz, Jorge Bedoya and
A 198.9-kg drill sample from Aber Resources’ (TSE) Diavik project in the Northwest Territories has yielded 150 microdiamonds and 99 macros. The hole, A154-9, was drilled into the southern kimberlite p…
ODDS’N’SODS — Ed and the dirty jackass
Ed and his burro, Millie, got along pretty well. Ed knew when Millie was tired and wanted water. Millie knew when Ed was discouraged and needed to be nuzzled a little. Together they traveled the west,…