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…
News
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…
STOCK MARKETS — Trade figures illustrate slump in western
Negative sentiment remains firmly entrenched in western markets, with the Vancouver Stock Exchange resource index posting a 29.21-point decline to 1,161.79 and the composite index falling 10.24 points…
PRODUCER PRICES (December 19, 1994)
ALUMINUM: MW U.S. market US91.5 cents-93.5 per lb. (Dec. 2, 1994). ANTIMONY: MW New York dealer US$2.80-2.90 per lb. (Dec. 2, 1994). BISMUTH: MW New York dealer US$3.90-4.20 per lb. (Oct. 27, 1994). C…
Kinbauri announces restructuring
Junior Kinbauri Gold has entered a loan agreement for $200,000 with Millfield Capital of Toronto, Ont., subject to regulatory approval and Kinbauri being accepted for listing on the Canadian Dealing N…
Drills turn on Nebex properties
With two drill programs under way and a third set to start in January, Nebex Resources (ASE) is anticipating a busy winter. A 25,000-ft. program is in progress at the main deposit of the Canoe Lake co…