50 YEARS AGO – JUNE 1950
The movement to bring the Labrador-New Quebec iron deposits into production has received a big push from the the U.S. partners of Hollinger Consolidated. The partners will finance a large portion of t…
News
Monopros cuts new AK-CJ kimberlite
Drilling at the AK-CJ diamond property in Canada’s Northwest Territories has cut a new kimberlite body while expanding the limits of the Hearne pipe, reports Mountain Province Mining (MPV-T) and Camph…
NEWS ROUNDUP (May 29, 2000)
Globex Mining Enterprises (GMX-T) has acquired a 100% interest in a nickel-platinum group metals property in La Motte Twp., 20 km north of Malartic, Que.The property includes the Bilson-Cubric nickel …
Producers mixed as gold takes a tumble
Gold took the spotlight in the May 17-23 report period, slipping 95 to a London morning fix of US$273.90 per oz. on May 24. This marks the second consecutive week in which the yellow metal has tumble…
CDNX sinks in stormy seas
The Canadian Venture Exchange index sank 124.24 points, or 3.6%, to close at 3,315.33 for the report period ended May 23. Only the oil and gas index managed to stay afloat, posting modest gains, while…
MOST ACTIVE ISSUES, May 17-23
ExchgVol(000s)HighLowCloseChangeAlcoa*N 7707 66.31 61.88 61.94 – 5.00…
Summo confirms SE Extension
An ongoing 50-hole drill program by Summo Minerals (SMA-T) on the SE Extension copper oxide deposit in southeastern Utah has so far extended the deposit for at least 2,200 ft.The program covers a 2,20…
Minera Andes drills in southern Argentina
A drilling crew dispatched by Minera Andes (MAI-V) has completed a 10-hole program at the Huevos Verdes gold-silver target on the Cerro Saavedra property in southern Argentina’s Santa Cruz province.Re…
Apex snares financing for San Cristobal
Two of the world’s major lending agencies have agreed to help finance the San Cristobal silver-zinc project of Apex Silver Mines (SIL-X) in southwestern Bolivia.The agencies are International Finance …
Band-Ore intensifies drilling near Wawa
While awaiting assay results from drilling programs on two of its Ontario properties, Band-Ore Resources (BAN-T) has begun drilling on a third.At the GQ diamond property, near Wawa, Ont., three short …
Partners outline 500,000-tonne resource at Mel deposit
Partners Inco (N-T) and Nuinsco Resources (NWI-T) have released a mineral resource estimate of 550,000 tonnes grading 1.69% nickel for the Mel deposit in what is considered to be a dislocated part of …
Production stops at Grasberg after fatal accident
Freeport-McMoRan Copper & Gold (FCX-N) has agreed to cut back on production at its 85%-held Grasberg copper-gold operation in Indonesia pending the investigation of a waste-pile accident that killed f…