Teck outlines two possible oreshoots
A first phase of drilling has wound down on Teck’s (TSE) Thunder Lake West gold project in northwestern Ontario. In total, 34 holes were drilled in a 15,894-ft. program funded by Continental Cartech (…
News
Claude resumes trading on ASE
Having restructured financially, Claude Resources has resumed trading on the Alberta Stock Exchange. Its core asset, the Seabee gold mine, continues to produce more than the design capacity of 400 ton…
USMX hits gold in Mexican play
Drilling at the Noche Buena project in northern Mexico is confirming the existence of a large, disseminated gold system for USMX (NASDAQ). Exposed gold has been identified as a result of surface and s…
Speculation on Metall’s future continues
There is persistent speculation that Metallgesellschaft (MG) plans to sell its 50.1% interest in Metall Mining (TSE). In recent news reports, MG is said to have confirmed the sale of the Canadian subs…
LAST BUT NOT LEAST — Aabbax to acquire gold partnership
Vancouver-listed Aabbax International Financial plans to buy the Big Nugget gold mining partnership (BNP) of Toronto. The company will pay 2 million warrants exercisable at 75cents for one year and 3 …
LAST BUT NOT LEAST — Western boosts Carmacks stake
Junior Western Copper Holdings (TSE) plans to assume total ownership of the Carmacks copper project by acquiring the half interest held by Thermal Exploration (ASE). The project is near the Yukon town…
THE EDITORIAL PAGE — Steppin’ out
In the mid-1960s, the Quebec government created Soquem, a mining exploration outfit. This government-funded enterprise proved remarkably successful in an industry noted for its private enterprise bias…
LAST BUT NOT LEAST — Drilling planned for Chile’s Tuina
Exploration and development are to begin shortly on the Tuina copper property in northern Chile. Joint owners International Mahogany (TSE) and North Lily Mining (NASDAQ) hope to expand reserves at the…
Canada next diamond producer, De Beers director concedes
It would appear that the Northwest Territories diamond play finally has been accepted by industry giant De Beers Consolidated Mines. Speaking at a recent mining luncheon in Toronto, George Burne, a Lo…
LAST BUT NOT LEAST — Imperial sells mine stake to Cameco
In a move that will take it out of the uranium business, Imperial Metals (TSE) is selling its 30.8% interest in the Crow Butte in situ leach mine and adjacent Big Red property in northwestern Nebraska…
Uranium pact hurts Canadian producers
A recently approved agreement that will allow Russian uranium to enter the American marketplace could cost Canadian producers hundreds of millions of dollars in lost exports. However, Rita Mirwald, di…
NO HEADLINE (March 21, 1994)
A recent preliminary agreement among the world’s leading aluminum-producing nations could mark a watershed in the management of commodity markets. The purpose of the agreement, reached in Brussels, wa…