EDITORIAL PAGE — The entrepreneurial ethic
In early 1995, eight individuals will be officially inducted into the Canadian Mining Hall of Fame. They will join the group of 54 who have been honored since the Hall was established seven years ago….
News
TSE SHORT POSITIONS (November 28, 1994)
Semi-monthly reports as of Oct 31, 1994 showed 241,967,036 shares of 832 issues compared with 257,344,810 shares of 878 issues on Oct 15, 1994. Larger individual positions included: Aber 131,140; Agni…
EXPLORATION ’94 — Financing for Kumtor proceeding
Toronto-listed Cameco says negotiations are proceeding for the financing of the Kumtor gold deposit in Kyrgyzstan. The company holds a one-third interest and is project operator; the remainder is held…
EXPLORATION ’94 — Freeport’s Grasberg copper-gold project in
Tucked away in the western part of the island of New Guinea is one of the world’s three largest open-pit copper reserves and perhaps the single largest gold reserve to be found anywhere. That, at leas…
Caledonia to expand Spanish mine
Toronto-based Kilborn Ltd. has been hired to engineer the expansion of the Filon Sur heap-leach gold mine in Spain. Under the proposed plan, annual capacity will be expanded to 1 million from 360,000 …
EXPLORATION ’94 — Drill Program at Whistle Lake
Drilling by Noranda Exploration, a subsidiary of Noranda (TSE), is under way at the Whistle Lake property, about 80 miles north of Thunder Bay, Ont. The property, which is held equally by Internationa…
Rayrock posts modest loss
Despite higher revenues and production, Rayrock Yellowknife Resources (TSE) posted a loss for the third quarter. The company lost $863,000 on revenues of $20.5 million, compared with earnings of $1.5 …
Handbook available in diskette form
Canadian Mines Handbook (CMH) is now available in diskette version. Known as Canadian Minesearch and introduced by the Southam Magazine and Information Group, this product allows electronic access to …
THE DIAMOND PAGE — A-154 results brighten spirits of
Drilling on the A-154 kimberlite prospect in the Lac de Gras area of the Northwest Territories is returning consistent results for 40-60 partners Aber Resources (TSE) and Kennecott. Hole 5, drilled in…
COMMENTARY — Encourage exploration now
The time for action is now, says Helene Cartier, an engineer and lawyer with gold-producer Cambior who has been speaking to industry audiences throughout Quebec on behalf of the “Keep Mining In Canada…
EXPLORATION ’94 — Shallow drill program tests Sierra
The Sierra Valenzuela copper property of Minera Rayrock (TSE) in Chile was tested this year by the drilling of shallow holes into the bedrock. The company drilled the oxide material to depths of 120 m…
New discoveries at Adanac prospect
Trenching by Societe Miniere Ecudor (ME) has unearthed three gold occurrences on the Adanac project 6 miles east of Rouyn-Noranda, Que. The Nos. 2, 3 and 4 zones are part of the larger Tourmaline zone…