Uranium’s future tied to political events
Global uranium production is expected to remain below consumption for several more years as inventories are depleted, writes Nuexco, a uranium brokerage firm in the United States, in a recent monthly …
News
High grade gold on Roxy zone
Drilling is continuing on the Roxy zone where several drill holes have intersected high grade gold values across wide widths, Golden Rule Resources (TSE) says. Operated by Saskatchewan Mining Developm…
Editorial Tomorrow’s gold mines
Developing mineral resources is a tricky business. It depends a great deal on government policy, not so much because of what governments can make happen but for what they can prevent from happening. C…
Drilling Planned for Nevada Joint Venture Discovery
A reverse circulation drill program is being planned by joint venture partners, Brican Resources (VSE) and Bow Valley Mining to test a large zone of gold mineralization recently discovered on the 8,00…
Legal actions abound at Hemlo gold camp
The Hemlo camp located along the northern shore of Lake Superior in northern Ontario is probably as well known today for the legal squabbles it has engendered as it is for the gold it contains. Supp…
Newfields Expands Presence in Eastern Canada
Already well established in the Kirkland Lake camp of Ont., Newfields Minerals (TSE), recently added two gold projects in Eastern Canada to its property portfolio. That’s in addition to a deal made ea…
Drop in metal prices hurts commodity index
A decline in the price of industrial metals helped bring the Scotiabank’s all-commodity price index down by 8.2% in July compared with the previous month. Senior bank economist Patricia Mohr said the …
Production problems hurt Hudson Bay Mng.
Production problems at Hudson Bay Mining and Smelting’s (TSE) Flin Flon, Man., copper smelter and zinc plant have hit the company were it hurts most — on the bottom line. Second-quarter net income of…
Leckie reserves increase
Drilling on the Leckie property has increased reserves to 193,000 tons grading 0.215 oz gold per ton, Stroud Resources (TSE) reports. Partner Exador Resources (TSE) is earning a 30% interest in the pr…
High River acquires 20% of Nor-Acme Mns.
A. L. Parres, president of Nor- Acme Gold Mines (TSE), has agreed to sell his shareholdings in the company to High River Resources (VSE) of Vancouver, the company said recently. Parres currently holds…
Granges/Abermin marriage on the rocks over Tartan
What began as a marital spat between two Vancouver-based mining companies could turn into a full-fledged divorce. .T The object of the dispute is the Tartan Lake gold mine near Flin Flon, Man., curre…
Gaming still No 1 in Nevada but mining only game in Elko
Gaming is still Nevada’s largest industry and probably always will be. But it’s certainly not the mainstay of Elko anymore where legalized gambling began nearly a half century ago. Several new gold mi…