Skip slips at Inco mine
An ore-hoisting device known as a skip has plummeted to the bottom of the main T-1 mine shaft in Thompson, Man. No one was injured, according to a report by Inco (TSE), as the incident occurred July 1…
News
Berry awarded Wilson Medal
The Canadian Geophysical Union (CGU) recently awarded its Wilson Medal to Michael Berry of the Geological Survey of Canada (GSC). The medal, named for the late J. Tuzo Wilson, is awarded annually by C…
THE DIAMOND PAGE — De Beers’ rough diamond sales point to
De Beers’ Central Selling Organization (CSO) sold US$2.6 billion worth of rough diamonds in the first half of 1994. This figure is 1.5% higher than the same period last year and a healthy 41.5% higher…
Taseko fleshes out Fish Lake operation
Development of the Fish Lake copper-gold deposit, southwest of Williams Lake, B.C., is coming into focus for owner Taseko Mines (VSE). Consultant Kilborn Engineering Pacific is nearly finished a prefe…
Kalahari active near Kirkland Lake
Salt Lake City-based Kennecott can earn a 25% interest in Kalahari Resources’ (VSE) Murdoch Creek property, east of Kirkland Lake, Ont. In return, Kennecott must spend $1 million on exploration over 1…
Drilling planned for Goldstream play
Two areas of the Goldstream property, near Revelstoke, B.C., will soon be explored. Joint owners Bethlehem Resources (TSE) and Goldnev Resources (VSE) plan to test the grade and thickness of the orebo…
LAST BUT NOT LEAST — Blue Hill exploring Fort MacKay
A ground magnetic survey has begun on Blue Hill Capital’s (ASE) Athabasca No. 108 gold project to define possible drill targets. The property, situated near Fort MacKay, Alta., is a crown mining lease…
LAST BUT NOT LEAST — Canarc tops up treasury
The exercise of share purchase warrants gives Canarc Resources (VSE) an additional $7.5 million in working capital, raising to $12.5 million the amount of cash on hand. The company is carrying out a $…
EDITORIAL PAGE — Kudos (yes, kudos) for B.C. government
Over the past year or so, we have bashed the provincial government of British Columbia for some of its incredibly knuckleheaded decisions. The decision, last year, to expropriate the Windy Craggy copp…
Royal Oak: a mining upstart with an appetite for growth
Royal Oak, based in Vancouver, B.C., owns and operates four Canadian gold mines — the Pamour in Timmins, Ont., the Giant and Colomac in the Northwest Territories and Hope Brook in Newfoundland. In 19…
Spot prices at a glance (July 25, 1994)
Week’s Price (US) Change Gold* $386.40 + $1.55 Silver* $ 5.32 + $0.10 Platinum* $413.85 + $6.10 Nickel** $ 2.89 + $0.05 Lead** $ 0.27 $0.00 Copper $ 1.16 + $0.06 Zinc{ $ 0.45 + $0.01 Courtesy of Scoti…
STOCK MARKETS — De Beers-Yamba Lake deal stirs up western
Although strength in bond and currency markets managed to help major eastern indexes, western markets continued to track down over the report period ended July 19. The Vancouver Stock Exchange resourc…