Timmginn plans second program
Drilling has identified previously unreported faults on inactive railway land in Timmins, Ont. One of the faults has past production on the adjoining Hollinger ground. The 4-hole program, conducted by…
News
NEWS ROUNDUP — Orco sample yields revenue
A bulk sample from the Donalda gold property near Rouyn-Noranda, Que., has yielded 4,300 oz. and gross revenue of $2.1 million. Orco Resources (ME) says 19,147 tonnes were milled in a flotation circui…
Goldex shareholders approve merger
Shareholders of Goldex Mines (TSE) have approved an amalgamation with a wholly owned subsidiary of Agnico-Eagle Mines (TSE). Agnico, which already owns 53.7% of Goldex, will acquire the remaining 46.3…
Contamination suspected in Strike core
Goldhunter Explorations (ASE) is reconsidering its participation in a joint venture in the Shining Tree camp after an intersection, which had been rumored to be rich, was attributed to “contamination….
NEWS ROUNDUP — Higher recovery at Gilt Edge mine
A bulk heap-leach test of sulphide ores from the Gilt Edge deposit in South Dakota indicates a recovery rate higher than previously thought. The property is owned by Dakota Mining (TSE). In October, 1…
NEWS ROUNDUP — NovaGold offers process to partner
Angostura Mining C.A. of Venezuela and NovaVenez, a subsidiary of NovaGold Resources (TSE), are forming a joint-venture company. The company will research ore processing for a plant to be constructed …
Rayrock’s gold output rises
In the fist nine months of 1993, Rayrock Yellowknife Resources (TSE) sold more gold than in the same period last year. Sales increased to 65,479 oz. at an average price of US$351 per oz. from 57,694 o…
WCB to rule on rate appeal
Shortly before presstime, the directors of Ontario’s Workers’ Compensation Board (WCB) were scheduled to review an appeal of 1994 rates. The appeal was launched by the Ontario Mining Association (OMA)…
Rescue workers active at Macassa
A rescue effort continues underground at the Macassa gold mine just west of Kirkland Lake, Ont., where two miners remain trapped following rockburst activity. The two men, identified in news reports a…
Cameco moving research division
The research and development (R & D) division of Saskatchewan uranium producer Cameco will be relocated from Saskatoon to Port Hope, Ont., where the company’s uranium processing plant is situated. The…
Lyndex plans metallurgical test
Lyndex Explorations (CDN) will soon begin metallurgical testing of samples from a gold property in Europe. The program, intended to verify previous results, will operate in conjunction with on-going b…
EDITORIAL PAGE — Yes Virginia, there’s hope for base metal
Could this be it? Could this be the turn in the base metals markets for which many of us have been hoping? The charts for nickel, copper, lead and zinc reveal that prices have at least come off the ma…