Western to drill Mackenzie Break
Definition drilling is planned by Western Quebec Mines (TSE) on its recently acquired Mackenzie Break gold project 35 km north of Val d’Or, Que. The 10,000-ft. program is aimed at verifying the contin…
News
NEWS ROUNDUP — Lower costs at Sterling mine
There is bad news and good news from the Sterling mine in Nevada: It produced 6,865 oz. gold during the first six months of the year, short of the 7,508 oz. reported for the same period in 1992. But c…
Bema brings Labyrinth back to life
By transferring to Labyrinth Resources (VSE) its option on properties in Venezuela’s Lo Increible gold belt, parent Bema Gold (TSE) has invigorated the 76%-owned junior. In return for transferring var…
NEWS ROUNDUP — Annabel options Wyoming gold play
Vancouver-listed Annabel Gold Mines (VSE) can earn a half interest in the Carissa property in Wyoming from Hol-Lac Gold Mines (CDN). The property consists of 12 patented lode claims and five patented …
ODDS’N’SODS — Reviving the pioneer spirit of Canada’s early
Mining camps have evolved through the years from single-person tent camps to bunk-house dwellings, from small town sites to the “fly-in/fly-out” operations of today. All systems for sheltering crews p…
COMMENTARY — Oversupply just won’t go away
Base metal markets remain seriously oversupplied and the situation is worsening. Inventories of metals, particularly on the London Metal Exchange, continue to climb relentlessly with new all-time inve…
PEOPLE — CONS. NEVADA GOLDFIELDS — Geoffrey Hoyl appointed
Gary Robinson appointed director. N5…
Joe Mann output in sharp decline
Production at the Joe Mann gold mine near Chibougamau, Que., dropped sharply, and operating costs rose significantly, during the first half of the year. Campbell Resources (TSE) reports output of 27,2…
True width remains uncertain — Unusually rich core for Cons.
Toronto-listed Consolidated Nevada Goldfields has reported a spectacular intercept of high-grade gold from its Nixon Fork deposit in west-central Alaska. Hole 93-22 intercepted 29.3 ft. grading 16.34 …
European mining focus of forum
North American businessmen can learn about the mining potential of Central and Eastern Europe at a forum this month in Mississauga, Ont. Business Forum ’93 is being organized by the International Indu…
Altai uncovers new Peruvian zone
Reconnaissance work in Peru has led to the discovery of a large gold-copper-bearing porphyry zone outside and to the east of the Rio Oro property. Altai Resources (TSE) says the zone has a visible len…
STOCK MARKETS — Western markets anticipate rebound for gold
Both the resource and composite indexes of the Vancouver Stock Exchange gained ground over the period ended Aug. 31 as investors awaited a rebound in the price of gold. The resource index added 35.67 …