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 …
News
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…
Madsen raises funds for underground exploration
Madsen Gold (TSE) has raised $402,500 in a flow-through share offering.The funds will be applied to underground exploration costs at the past-producing Madsen gold mine in Red Lake, Ont. In addition t…
STOCK MARKETS — Golds keep lifting TSE higher and higher
Gold and energy stocks drew the Toronto Stock Exchange upward through the first four days of the report period ended Jan. 9, culminating with a record high on Jan 8. But weakness in technology stocks …
Noveder sells Nugget Pond stake to Richmont
Rouyn-Noranda, Que.-based junior Noveder (ME) has signed over its 40% interest in the Nugget Pond gold project to partner Richmont Mines (TSE).Situated on Newfoundland’s Baie Verte Peninsula, Nugget P…