NEWS ROUNDUP — MSV finishes winter road
MSV Resources (ME) has finished constructing the 175-km winter road that connects the Eastmain deposit to Temiscamie, north of Chibougamau, Que. The completion marks an important step in the developme…
News
ANNUAL OUTPUT UP TO 308,000 OZ. — Canyon seeking permits
Permit applications will be submitted early this year for an open-pit, heap-leaching operation at the McDonald gold property in the northwestern corner of Montana. This decision is based on a positive…
Athena grants Pegasus extension
Partners Athena Gold (VSE) and Pegasus Gold (TSE) have agreed to a 45-day extension to negotiate the future of their Talapoosa joint venture in northwestern Nevada. Pegasus can earn up to a 70% intere…
LETTERS TO THE EDITOR — Ceremonies are simple affairs
Regarding the editorial “Engineering some respect” (T.N.M., Jan. 17/94) and the reference to the Ritual of the Calling of the Engineer, the described conditions do not apply to Section No. 10 Quebec o…
Survey work set for southern Yukon
The Yukon Prospectors Association (YPA) and the Canada-Yukon Geoscience Office hope to spur exploration in the southern part of the territory with an airborne electromagnetic survey. Craig Hart, proje…
Newcoast retaining Gibraltar stake
To prevent dilution of its 30% net proceeds interest in the Gibraltar North property in British Columbia, Newcoast Silver Mines (VSE) will form a separate company and dividend it out to shareholders. …
Kolmanskop site of first Namibian diamond find
Today Kolmanskop is a dusty, windswept ghost town on Namibia’s southern coast, but 85 years ago it was the scene of one of Africa’s largest diamond rushes. In 1908, Zacharias Lewala, an ex-laborer fro…
LETTERS TO THE EDITOR — Eskay benefits belong at home
Canadian mining companies have been bemoaning the declining state of the industry in their country for the past few years. As a 20-plus-year employee of the industry, I have at times joined with them …
PEOPLE (March 21, 1994)
PACIFIC MARINER EXPLORATIONS — Larry McLean appointed director.
THE STOCK MARKETS — Resource index edges up despite jump in
Western markets traded sideways during the week ended March 16 despite a jump in the price of gold to US$385 per oz. The Vancouver Stock Exchange resource index edged up 3.41 points to 1,751.03 while …
Spot prices at a glance (March 21, 1994)
Price (US) Week’s Change Gold* $385.30 + $9.05 Silver* $385.42 + $0.16 Platinum* $401.75 + $9.75 Nickel** $382.52 + $0.06 Lead** $380.21 + $0.01 Copper $380.89 + $0.03 Zinc $380.42 $0.00 Courtesy of S…
THE DIAMOND PAGE– Placer Dome to buy into Crater of Diamonds
An agreement with Texas Star Resources (TSE) sets the stage for Placer Dome (TSE) to participate in a diamond project in Arkansas. The latter’s U.S. subsidiary will enter a joint venture with Texas St…