EXPLORATION ’93 — Major uses of rhenium
The major uses of rhenium are in petroleum-reforming catalysts and in high-temperature superalloys used in jet engine components. The U.S. Bureau of Mines reports that rhenium is used in petroleum-ref…
News
STOCK MARKETS — VSE resource index gainsas composite index
Western markets continued to churn over the report period ended Nov. 23, with the Vancouver Stock Exchange resource index posting a 2.23-point gain to 1,526.16. The composite index lost ground, slippi…
Cyprus, Amax merger approved
Shareholders of Cyprus Minerals (NYSE) and Amax (NYSE) have voted in favor of a merger. The new corporation is called Cyprus Amax Minerals Co. It becomes the second-largest copper producer in the U.S….
Orvana drilling at Pederson property
The first four holes of a 15-hole reverse circulation program at the Pederson (formerly San Bernardino) project in Bolivia returned assays in line with surface and underground sampling. Orvana Mineral…
NEWS ROUNDUP — HudBay options Sask. copper bet
The exploration unit of Hudson Bay Mining & Smelting (TSE) has optioned a copper property in northern Saskatchewan from Copperquest (CDN). Previous work at the Knife Lake property outlined a zone of m…
Westmin losses cut to $3.7 million
Limited production has resumed at the Myra Falls base metals mine near Campbell River, B.C. Westmin Resources (TSE) suspended production earlier this year because of a labor dispute which is still ong…
NEWS ROUNDUP — Orex completes financing plan
Montreal-listed Orex Exploration (ME) has completed a financing agreement which will garner it $400,000. The company, based in Rouyn-Noranda, Que., will issue a million common shares and a million flo…
NEWS ROUNDUP — Cross Lake drills massive sulphides
Four holes have been drilled by Cross Lake Minerals (VSE) on its Sheraton-Timmins polymetallic project near Timmins, Ont. The first two were drilled to test a 1,200-metre-long electromagnetic (EM) con…
COMMENTARY — Cuba chases foreign investment
The demise of the Soviet Union has ironically left Cuba — romantically known as “the isle of eternal summer” — out in the cold. As a result, the country’s mining and metals sector is now desperately…
EXPLORATION ’93 — Holloway awaits feasibility study
A feasibility study expected early in the new year may determine the fate of the Holloway gold project in northeastern Ontario. Hemlo Gold Mines (TSE), with a 58% direct and indirect ownership interes…
Royal Oak overcomes technical problems
Third-quarter earnings of Royal Oak Mines (TSE) reflect problems at the company’s three Canadian gold mines, particularly the Hope Brook operation in Newfoundland. The company said both tonnage and gr…
NEWS ROUNDUP — Cathedral assays Kaburi project
Assays of channel samples from Cathedral Gold’s (VSE) Kaburi-Eldorado project in Guyana have proved interesting. Ten trenches were used to test a 650-metre section of the 1,500-metre-long Hicks shear …