Sorting facility planned for Yellowknife
Dia Met Minerals (DMM-T) and BHP Diamonds have announced plans to construct a diamond sorting and valuation facility at the Yellowknife airport in the Northwest Territories.The facility will be used f…
News
Southern Cross boosts U resource
Southern Cross Resources (SXR) has increased resources at its Goulds Dam-Billeroo uranium property in Australia.Based on 504 holes drilled between 1969 and 1980, not all of which had been used in prev…
CIM conference looks to next century — Miners face new challenges of globalization, weak commodity prices and public acceptance
Delegates attending a conference held here in early May were told that mining in the next century may feature the increased use of robotics, specialty alloys and recycled materials, and may incorporat…
Virginia drilling at LG-Sud
Quebec City-based Virginia Gold Mines (VIA-M) is set to begin a new drill program on the Grande Sud property in the James Bay region of Quebec.Attention is focused on two zones of mineralization, name…
Camnor acquires Alaskan properties
Vancouver-based Camnor Resources (CMB-V) has signed a letter of intent to acquire polymetallic mineral properties in Alaska’s Bonnifield district from Golden Phoenix Minerals (GPXM-Q).The deal commits…
SUPPLIERS NEWS ROUNDUP — Scintrex wins Chinese contract
The nucleonics division of Concord, Ont.-based Scintrex has been awarded a contract valued at $3.1 million from Atomic Energy Canada to supply the fail fuel location systems for the Qinshan 1 and 2 po…
Boliden denies wrongdoing however, as owner of the mine, Boliden will honor its responsibilities.” Two independent firms are currently attempting to determine the cause of the dyke’s failure, while environmental studies continue. Crews are transporting the solid wastes to the nearby mined-out Aznalcollar open pit. If this task is completed on schedule, mining activities may be able to resume in six months.
Management of Boliden (BOL-T) told shareholders at the company’s first annual meeting as a Canadian-based miner that the tailings spill at its Los Frailes mine in Spain was not the result of negligenc…
Sahelian Goldfields pours first gold — Rehabilitation of Poura mine well under way
The 160-oz. gold bar poured May 7 at the Poura mine, in west-central Burkina Faso, won’t rock the gold market, but it represents an appropriate milestone on a long road back.For Sahelian Goldfields (S…
Gold sales strengthen Cameco’s bottom line
Despite low prices for both uranium and gold, Cameco (CCO-T) posted solid earnings for the first quarter.Net earnings for the 3-month period ended March 31 increased to $18 million (or 31cents per sha…
Laramide buys Mexican lead property
Toronto-based Laramide Resources (LAM-T) has completed the first stage of its acquisition of the Bilbao base metal property in Mexico’s Zacatecas state.The junior has made the first $250,000 payment t…
COMMENTARY — Medicinal silver
One dose of silver oxide may prolong the life of terminally ill patients stricken with acquired immune deficiency syndrome (AIDS), according to a study conducted at a clinic in Central America. The tr…
Great Basin seeks funds for Nevada properties
Great Basin Gold (GBG-V) has arranged a $5-million financing with First Marathon Securities and Nesbitt Burns.The money will be raised through the sale of 2.5 million special warrants priced at $2 per…