Hemlo discovery at Bear Lake
Four holes totaling 8,850 ft. have been drilled on the Bear Lake joint venture near the Cheminis mine in the Kirkland Lake-Larder Lake area in Ontario. Bear Lake is under option to Hemlo Gold Mines (T…
News
PEOPLE — URANIUM RES. (September 12, 1994)
Wallace Mays appointed chairman; Paul Willmott and Wayne Fowler appointed directors.
Detector inks deal on Ontario plays
Alberta-listed Detector Resources has completed a major transaction involving a private placement and agreements to earn interests in two properties in northwestern Ontario. Detector has privately pla…
NEWS ROUNDUP — Noranda to drill Dileo Lake play
Late this summer, Noranda (TSE) plans to drill-test Fancamp Resources’ (VSE) Dileo Lake base metal property northeast of Chibougamau, Que. During a trenching program last summer, Noranda outlined high…
THE DIAMOND PAGE — Yearly output at River Ranch to exceed
Canada’s first overseas diamond producer, Redaurum (TSE), plans to increase annual production at its 50%-owned River Ranch mine in Zimbabwe to more than 400,000 carats. Earlier this year, the company …
Willoughby results shine for Gold Giant, Camnor
Drilling on the Willoughby property east of Stewart, B.C., is returning gold values for Gold Giant Minerals (VSE) and Camnor Resources (VSE) Camnor is earning a half interest from Gold Giant by spendi…
STOCK MARKETS — Surging gold sector fails to ignite TSE
Despite a strong performance in the gold sector, the Toronto Stock Exchange could manage only a meagre gain during the report period ended Sept. 6. The composite 300 index edged upwards by 13.46 point…
Stronger gold price recorded in first half
The first half of 1994 was a period of consolidation in the international gold market, in which players adjusted to a higher price range, according to Gold 1994 — Update I, compiled by Gold Fields Mi…
Bonus plans favored by U.S. metal mines
Metal mines in the U.S. outpaced coal mines in 1993 in incentive bonus plan implementation, according to a compensation survey by Mining Cost Service of Spokane, Wash. Incentive bonus plan utilization…
PRODUCER PRICES (September 12, 1994)
ALUMINUM: MW U.S. market US71.5-72.5 cents per lb. (Aug. 25, 1994). ANTIMONY: MW New York dealer US$2.35-2.50 per lb. (July 21, 1994). BISMUTH: MW New York dealer US$3.75-4.25 per lb. (July 28, 1993)….
PEOPLE — GREATER LENORA (September 12, 1994)
Charles Pitcher appointed president and chief operating officer.
Gibraltar drops Mount Polley option
Having carried out a first phase of work, Gibraltar Mines (TSE) has decided not to proceed with the second phase of its option on the Mount Polley copper-gold project in central British Columbia. The …