Junior takes on Armenian venture
A junior company is being granted exploration and mine development rights covering the whole of Armenia, an area of almost 30,000 sq. km. If the assignment agreement is approved by regulators, Rome Re…
News
Laurasia subsidiary options pair of Portuguese properties
A numbered Ontario company, which is a subsidiary of Laurasia Resources (TSE), has an option to earn a 50% interest in two mineral properties in Portugal from Empresa Mineira da Serra do Cercal S.A., …
Wireline boosts exploratory drilling
Mining was flat in the 1950s. Longyear drillers and designers had accumulated more than 50 years of experience drilling in remote locations through a variety of bewildering geological formations. The …
Gold’s rise may signal end to the long bear market
The price of gold rocketed to a high of US$385 per oz. on May 19 from a low in March of about $326. At presstime, the price had sagged, presumably as a result of profit-taking, to $373. Peter Allen, p…
Cyprus options Queenston bet near Kirkland
The Canadian exploration unit of a major U.S. company has stepped in to fill the shoes of Battle Mountain Canada on the Amalgamated Kirkland property near Kirkland Lake, Ont. Cyprus Canada, a unit of …
Updated version tells tale of diamond core drill
To the diamond drill fraternity, the story of the invention of the core drill in 1863 is a familiar one. For those unfamiliar with the story, it bears retelling. In 1857, the project of drilling a rai…
Glamis Gold places 1.25 million shares
Glamis Gold (TSE) has entered into an agreement with Loewen, Ondaatje, McCutcheon to place 1,250,000 common shares at a price of US$8.625 per share for gross proceeds of $10.8 million. This sale is in…
Wheels of production beginning to turn
Although the recession has been termed “officially” ended, we in the mining services industry can find little comfort in recent statements to this effect from politicians and economists, neither of wh…
LETTERS TO THE EDITOR — Assay accuracy not linked to cost
It is disappointing to see that, for some, cost of analysis is still the indicator of the accuracy of that analysis; that is, the more it costs, the better the result must be. I refer to the front-pag…
Safety committee reports
. . . An in-depth brief was presented (in 1992) to the Ontario Workers Compensation Board (WCB) concerning the calculation of the earning basis (benefits to be paid to the injured worker). Our brief e…
Environmental policy
The CDDA is committed to the protection of human health, safety and the natural environment; to comply with environmental regulations; to maintain equipment, premises and drill sites in environmentall…
INVESTMENT COMMENTARY — Gold markets spurring new interest
Senior gold producers have benefited the most from the recent run-up in gold prices, and with price-to-earnings (and cash flow) ratios becoming somewhat rarefied, the market has started to come round …