Bulyanhulu proves larger than expected
The Bulyanhulu gold deposit in northwestern Tanzania is now estimated to exceed 5 million oz. — an increase of almost 1.6 million oz. over the previous calculation.In light of this sizable increase, …
News
Panamanian projects move forward — Campbell completes permitting for Cerro Quema gold mine
With government permits now in hand, Campbell Resources (CCH-T) is proceeding with development of its Cerro Quema heap-leach, open-pit operation in Panama.Cerro Quema comprises two epithermal gold dep…
EDITORIAL PAGE — Home, sweet home
As Dorothy said fondly of Kansas, after her whirlwind trip to the weird and wonderful Land of Oz, “there’s no place like home.”It would seem that her feeling is shared by a good many North American mi…
Future producers of red metal get the yellow flag
Copper producers need to exercise caution before proceeding with the next generation of mines, according to a study by London-based CRU International, a commodities research firm.A prolonged period of…
OBITUARY — Franc Joubin
Francis Joubin, who helped usher Canada into the nuclear age, has died. He was 85.Born in San Francisco, Calif., in 1911, Joubin obtained his undergraduate and master’s degrees in geology from the Uni…
Geonova expands Chevrier gold deposit
The Chevrier property of GeoNova Explorations (GNE-M) is fast becoming one of the largest undeveloped gold projects in Quebec.Drill results at the project, situated near Chibougamau, Que., have enable…
Queenston finds new zone at McBean
The last of three holes drilled by partners Queenston Mining (QMI-T) and Franco-Nevada Mining (FN-T) has uncovered a new zone of mineralization at the Anoki gold deposit on the McBean property, east o…
THE DIAMOND PAGE — Winspear, Aber set to drill at Camsell Lake property
Drilling at the Camsell Lake diamond project in the Northwest Territories is expected to begin in early March.Operator Winspear Resources (WSP-V) holds a 42.5% interest, while Aber Resources (ABZ-T) h…
STOCK MARKETS — Foreign plays add heat to VSE
The Vancouver Stock Exchange composite index was up 12.4 points, or 0.99%, over the report period ended Feb 25, to close at 1,263.05. The resource index gained 46.17 points, or 1.98%, finishing at 2,3…
Spot prices at a glance (March 03, 1997)
Wednesday, February 26, 1997Price (US)Week’s ChangeGold*$353.85+ $7.75Silver*$ 5.2…
Mindoro: a cautionary tale for investors
Editor’s Note: Mindoro was a private company and should not be confused with Edmonton-based Mindoro Resources (MIO-A), a legitimate junior company exploring in southeast Asia.In 1993, rumors began cir…
LME Warehouse Levels (February 24, 1997)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at Feb. 17/97 (change from previous week in brackets):Aluminium910,625(-15,025)Copper220,625(+2,150)Lead110,100(-800)Nickel45,7…