Roper, Silver Peak plan Abbott work
Additional development work at the Abbott project, 65 miles north of Trail, B.C., will begin in June.Roper Resources (VSE) can earn a half interest in the property from Silver Peak Resources (VSE) by …
News
Farallon gears up Campo Morado program
Three diamond drill rigs have been mobilized to the Campo Morado project in Guerrero state, Mexico, as part of an $18-million exploration program initiated by Farallon Resources (VSE).The company is w…
Adrian Res. drills Panamanian project
Drilling is planned for the Belencillo property in Panama. Madison Enterprises (VSE) is earning a half interest in the project from Adrian Resources (TSE).The program will include 6-8 holes to test po…
Glamis OKs Imperial development
Construction and development of the Imperial project in Kern Cty., Calif., are expected to start in the second quarter of 1997.Glamis Gold (TSE) has completed a feasibility study on the project, which…
Golden Bear mine will not roar until 1997
A self-imposed deadline to acquire financing by May 10 for a proposed heap-leach operation at the Golden Bear mine in northwestern British Columbia was not met. As a result, North American Metals (VSE…
Odds ‘n’ Sods — Waiting for the cake
Production of yellow cake from the Quirke in Elliot Lake, Ont., began in the summer of 1956, and expectations were high.During the break-in period, all systems appeared to function and perform as plan…
EDITORIAL PAGE — Mining Week celebrates Canadian accomplishment
One of the goals of Canada’s National Mining Week is to communicate the importance of the industry to people who rarely think about how metals and minerals affect their daily lives.Until recently, thi…
TSE Short Positions (May 20, 1996)
Short positions outstanding at April 30, 1996Larger individual positions included: Abacan 181,400; Barrick Gold 9,515,380; Agnico-Eagle 433,993; Algoma Steel 232,623; Asia Pacific 108,200; Arequipa Re…
Goldcorp extends high-grade zones at Red Lake
Ongoing exploration by Goldcorp (TSE) continues to expand high-grade gold zones at the Red Lake mine in western Ontario.Results from 33 holes show that nine have values greater than 0.97 oz. gold per …
Bre-X shareholders approve poison pill
Shareholders of Bre-X Minerals (TSE) recently approved a shareholders’ rights plan, a stock split and a resolution to spin out the Sangihe and Sable properties in Indonesia.Shareholders approved the r…
Sunshine firms up Argentine deposit
Drilling and sampling have expanded the estimated resource of the Pirquitas silver-tin deposit in northern Argentina.Sunshine Mining & Refining (NYSE) reports that the deposit contains 47.5 million to…
Phelps Dodge strong despite price slump
Despite a drop in the price of copper, Phelps Dodge (NYSE) was able to post strong earnings for the first quarter.The company earned US$153.1 million (or US$2.26 per share) for the first quarter, comp…