Kinross to develop Vogel gold property
An agreement between Black Hawk Mining (BHK-T) and Kinross Gold (K-T) will allow for development of the former’s Vogel gold property in Hoyle Twp., 20 km east of Timmins.Black Hawk, which has been dri…
News
Regions of Greenland subjected to geophysical surveys
An area in eastern Greenland has been targeted for regional magnetic and aeromagnetic mapping.The surveys, to be flown next summer, will test targets and structures near Constable Pynt and Mestersvig….
San Francisco mine undergoes expansion
Reserves continue to soar at the San Francisco gold mine in Mexico’s Sonora state.Geomaque Explorations (GEO-T) reports that minable reserves at the open-pit, heap-leach operation have increased by 22…
Mount Polley on track to yield gold and copper
At the Mount Polley gold-copper porphyry mine, 45 miles north of here, construction is proceeding on schedule toward a projected startup of late 1997.Imperial Metals (IPM-T) has a 55% interest in the …
Fatal accident at Heath Steele
Safety staff at Noranda’s (NOR-T) Heath Steele mine, about 50 km southwest of Bathurst, N.B., are investigating an explosion that took the life of miner Arthur Doucet on Nov. 4.Staff member Roger Clin…
STOCK MARKETS — Markets buoyant but mines take dive
With average daily volumes in excess of 100 million shares, and the banking, real estate, construction and industrial sectors leading the charge, the Toronto Stock Exchange’s TSE 300 composite index r…
COMMENTARY — Can mining thrive in B.C.?
The mining industry in British Columbia employs almost 10,000 people and supports another 20,000 there and across Canada. Many more depend, to some degree, on mining in the province. Lawyers, accounta…
Queenston pulls high-grade gold at McBean project
Drilling down-plunge from the McBean open pit, east of Kirkland Lake, Ont., Queenston Mining (QMI-T) has encountered several significant gold intersections, including one with a multiple-ounce grade.F…
STOCK MARKETS — VSE composite index gains some ground
The Vancouver Stock Exchange composite index had a better week than the previous one for the period ending Nov. 6, closing at 1,135.1, up 22.29 points from the last report period. The resource index r…
THE DIAMOND PAGE — Namco prepares for gem production
Keeping the third quarter of 1997 as its target production date, Namco (NMR-T) has arranged for the design and construction of a marine diamond mining system, to be used at its licence areas off the c…
BYG Natural Resources starts production at Mt. Nansen
Production from surface oxide ores is under way at the Mt. Nansen project of BYG Natural Resources (BYG-T).The project, near Carmacks, Y.T., will exploit a series of vein-type gold and silver deposits…
Great Central on track Down Under
Quarterly production from Great Central Mines (GTCMY-Q) shows that the company is progressing toward its goal of cranking out more than 500,000 oz.gold for the year.During the July-to-September quarte…