Barrick buys stake in El Toro
Barrick Gold (TSE) can earn a 60% interest in CDN-listed Oroperu Resources’ El Toro gold project in north-central Peru.Situated in the Huamachuco gold district, the 12,590-hectare project is the junio…
News
Harold Seigel gets Ewing medal from SEG
The Society of Exploration Geophysicists has awarded its Maurice Ewing Gold Medal to geophysicist Harold Seigel, chairman of geophysical instrument manufacturer Scintrex.Seigel was cited “for his pion…
Program planned for Darnley Bay gravity anomaly
A newly formed junior company will explore the Darnley Bay gravity anomaly, on the Arctic coast, 250 miles east of Inuvik, N.W.T.Darnley Bay Resources has secured the exclusive right to explore a land…
Mt. Nansen nears approval
Production permits are in hand for the Mt. Nansen gold-silver project in the central Yukon, reports BYG Natural Resources (TSE).The Department of Indian Affairs & Northern Development has recommended …
Luncheon to shed light on Highland Valley Copper
On Jan. 25, a talk on “Highland Valley Copper: Past, Present and Future” will be given at the Stanley Park Pavilion in Vancouver, B.C.The Vancouver branch of the Canadian Institute of Mining, Metallur…
Study evaluates cancer risks for nickel miners
A McMaster University study has shown that certain workers in Ontario’s nickel mines and mills are more likely to contract various respiratory-tract cancers than the rest of the population.The United …
ODDS’N’SODS — Is there a doctor in the bush?
Medical services were well-planned during the gold rush to Ontario’s Red Lake camp in 1926. There were a doctor and two nurses, who operated out of a small tent hospital in town, as well as two Red Cr…
DIAMOND NEWS ROUNDUP — Mountain Lake gets prospecting nod South Africa’s mines ministry has approved the diamond prospecting rights of Mountain Lake Resources (VSE) on its Mooi River properties.
Alluvial mining in the Mooi River Basin has produced more than 250,000 carats of gem-quality diamonds to date, worth in excess of US$100 million at current prices.A small test excavation on Mountain L…
Nebex expands Albanian interests
Alberta-listed Nebex Resources has optioned another concession in Albania, bringing its total land holdings there to more than 1,000 sq. km.The latest option agreement concerns the 200-sq.-km Radomir …
GREATEST VALUES
ExchgValue ($000s) High Low Close ChangeBarrick Gold T356593$39 3/437 3/839 5/8+2 1/2Placer Dome T206900$36 7/834 3/436 7/8+2 1/4Inco Ltd T112619$45 7/843 3/443 3/4-1 3/4Diamon…
DIAMOND NEWS ROUNDUP — River Ranch output hits record high Diamond production from the River Ranch mine in Zimbabwe reached record heights in 1995.
Redaurum (TSE) says output reached 225,516 carats, thanks partly to the comissioning of the phase III plant.In November alone, a 65-carat diamond was mined.The company anticipates production of 500,00…
DIAMOND NEWS ROUNDUP — Sweden object of diamond interest
The Swedish mining inspector’s office reports that diamond exploration permits now cover most of the country.Interest has been strong since August 1994, when Australia-based Ashton Mining announced th…