ICI pioneers blasting system
A new approach to blasting has led to a 25% increase in productivity, ICI Explosives Canada says. The company’s Underground Bulk Systems essentially provides a method for transporting new bulk explosi…
News
STOCK MARKETS — Western markets stage a modest rebound
Western markets managed to halt their slide and rebound slightly over the report period ended July 5, at a time when the gold price held steadily at the US$387-per-oz. level. The Vancouver Stock Excha…
FREE MARKET (July 11, 1994)
London Metal Exchange Spot closing prices in $US per tonne Date July 5 July 4 July 1 June 30 June 29 Copper 2471-2472 2454-2455 2423.5-2424.5 2367.5-2368.5 2355-2356.5 Lead 565.5-566.5 567-568 567.5-5…
Barytex drilling
Drilling by International Barytex Resources (VSE) will further test targets on the Mel property, 80 km northeast of Watson Lake, Y.T. This year’s program, budgeted at $400,000, is aimed at firming up …
NEWS ROUNDUP — Deak revises production forecasts
Exploration and development at the Kerr mine, near Virginiatown, Ont., have enabled Deak Resources (TSE) to upgrade production forecasts for the remainder of 1994. The mine is now expected to produce …
NEWS ROUNDUP — Ecuadorian drills two properties
Drilling is planned or in progress on two gold properties held by Ecuadorian Minerals (ASE) in Ecuador. On the Gaby property, a second phase of work has begun, consisting of 23,000 ft. of diamond dril…
NEWS ROUNDUP — Orco, Metall in mill deal
Ore from the Donalda gold project of Orco Resources (ME) at Rouyn-Noranda, Que., will be treated at the nearby Norbec mill. Orco has signed a contract with mill owner Metall Mining (TSE) for two years…
Bidding to extend mine life — Claude buys big land position
Having last year resolved a dispute with a major creditor, Saskatoon-based Claude Resources (ASE) is confidently building gold reserves, averaging 10-11 grams per tonne, on a ground package centred on…
Cuba, Sherritt sign deal to develop nickel, cobalt deposits
Alberta-based Sherritt (TSE) has signed a joint agreement with the Cuban government to mine, process and sell nickel and cobalt on a world-wide basis. Representing the Cuban government in the arrangem…
Cyprus expands Cache gold zone in N.W.T.
Drilling by Cyprus Canada, a unit of Cyprus Amax Minerals (NYSE), has expanded the size of the Cache gold zone in the eastern Northwest Territories. Property owner Noble Peak Resources (ASE) discovere…
Cambior develops Grevet property
The polymetallic Grevet project in northwestern Quebec will be prepared for production in late 1985 or early 1996 at a cost of $81 million. Directors of owner Cambior (TSE) recently approved the feasi…
Kemess South entices Vengold
An advanced mining play in British Columbia has caught the eye of Vengold (TSE), the junior that holds the largest area of gold concessions in Venezuela’s Kilometre 88 district. The company plans to a…