Drills turning at Guadalupe
Drilling has resumed at the Guadalupe de los Reyes epithermal gold-silver project in the northern Mexican state of Sinaloa.Northern Crown Mines (COB-V) is carrying out a 20,000-metre program to develo…
News
Rea Gold writes down value of Mt. Hamilton gold mine in Nevada
Persistently poor operating results from the NES pits are forcing Rea Gold (REO-T) to write down the value of the Mt. Hamilton gold mine in Nevada.The company will take a third-quarter writedown of $2…
Women’s Association marks 75 years in gala celebration
The Women’s Association of the Mining Industry in Canada (WAMIC) recently celebrated its 75th anniversary at Toronto’s King Edward Hotel.Attended by 400 people from all sectors of the mining industry,…
ODDS’N’SODS — The Finnish-ed product
After the First World War, thousands of Finns migrated to North America, most of whom settled in the northern U.S. and Canada. The lakes and forests of northern Ontario reminded them of their homeland…
THE DIAMOND PAGE — Sonora sells diamond parcels from African mine
A diamond venture in South Africa is providing a new focus for Sonora Gold (SON-T), a junior previously active in gold exploration in California.Sonora recently acquired Windsorton Mining, which, in t…
STOCK MARKETS — Western markets remain flat over week
The Vancouver Stock Market Exchange composite index remained flat over the report period ended Nov. 19, slipping 4.71 points to close at 1,149.79. The resource index closed down 43.5 points at 2,301.6…
STOCK MARKETS — Base metal miners still tugging at leash
The Toronto Stock Exchange continued strong in the past week, helped along by the base metal sector. The TSE 300 composite index had four more record-closing levels in the 5-day report period ended No…
Virginia finds gold showings at Auclair
Junior Virgina Gold Mines (VIA-M) has discovered a new showing, known as “Rock’n Hammer,” at its Auclair property, along the Eastmain River in northern Quebec.The company also reported the discovery o…
Australia strives for record gold output
According to a Melbourne-based mining consulting firm, Australia is on-track to produce a record 290 tonnes of gold this year, up from 253.7 tonnes in 1995.The country produced 73 tonnes of the yellow…
LETTER TO THE EDITOR — Royal Oak sets record straight on Pelangio deal
The terms of a deal between Royal Oak Mines and Pelangio Larder Lake Mines were incorrectly stated in the article “Exall, Glimmer cut ribbon on Ontario Gold Project” (T.N.M., Nov. 11/96).In the Nighth…
BHP reports find at Taca-Taca play
Australian-owned BHP Minerals reports encouraging results from a drill program aimed at testing a large, coincident, copper-gold anomaly in the middle of the Taca-Taca (Lower) porphyry project in Arge…
Wheaton seeks funds for Golden Bear mine
In an effort to reopen the Golden Bear mine in northwestern British Columbia, Wheaton River Minerals (WRM-T) has retained the services of an independent financial group to assist it in obtaining a loa…