EDITORIAL PAGE — Turning the tables
Canada’s Maurice Strong may not think of himself as an environmental extremist, but the $1-a-year chairman of Ontario Hydro sure has the folks at People for the West! worried. The Denver-based grassro…
News
EDITORIAL PAGE — Latin American gold exploration
— From a recent issue of Yorkton’s “Natural Resources.
Exploration continues at Damoti Lake
At least 3,000 ft. of drilling is about to begin on the Toy gold property, north of Yellowknife, N.W.T. Gitennes Exploration (ASE) can earn a half interest from Tanqueray Resources (ASE) by spending $…
Black Hawk cuts nickel at Redstone
The first diamond drill hole at Black Hawk Mining’s (TSE) Redstone nickel property south of Timmins, Ont., has intersected significant values. Hole BH 94-1 intersected 6.79% nickel over 8 ft. from 1,0…
Placer Dome gold discovery in Costa Rica
A gold discovery speculated to have multi-million-ounce potential appears to have triggered a “Canadian-style claims rush in Costa Rica. The interest was sparked by reports that Placer Dome (TSE) was …
Adrian sells Eskay Creek stake
By purchasing the IKS 1 and 2 claims, Prime Resources (TSE) will gain an undivided 100% interest in the rich Eskay Creek polymetallic orebody in northeastern British Columbia. Prime, which has a 50% i…
Partners secure Refugio financing
Banks have agreed to finance the Refugio gold project in northern Chile. Chilean approval for the drawdown of a US$85-million gold loan is expected before the new year. The capital cost is estimated a…
Demand helps buoy metal prices
Physical supply, robust demand, speculation and slowly dwindling stock levels continue to underpin virgin metal prices. Producers, indicating that they see nothing to slow it down, are naturally happy…
Trillion drills Jena mines complex
The Jena Mines complex in Zimbabwe has undergone the first phase of a 16,000-metre program of surface drilling. Trillion Resources (TSE) says 15 holes, totaling 4,460 metres, have extended the Stump o…
Richmont issuer bid
Junior Richmont Mines (TSE) believes its shares are undervalued and has taken action to reverse the situation. The company has notified the Toronto and Montreal stock exchanges that it intends to make…
Ferrous scrap market changing
A major structural change to the volatile market for ferrous scrap will occur during the next 10 years, according to a study on scrap and scrap substitutes by CRU International of London. Increased st…
NEWS ROUNDUP — Armeno closes San Bartolome
Continuing operating losses at the San Bartolome mine in Ecuador have prompted owner Ag Armeno Mines & Minerals (VSE) to wind up the operation. The mine is held by a wholly owned subsidiary of the com…