Hecla writes down Grouse Creek interest
The third-quarter operating results of Hecla Mining (NYSE) include a nonrecurring asset writedown of its entire 80% interest in the Grouse Creek gold mine in central Idaho.Great Lakes Minerals (TSE) o…
News
GREATEST VALUE TRADED, NOV. 15-21 (November 27, 1995)
Value($000s)HighLowCloseChange Barrick Gold T141077$35 1/833 3/835+1 1/2Placer Dome T113431$33 1/831 1/232 5/8+7/8BRE-X Mnrl A110167$5543 1/853+3 1/8Inco Ltd T94578$50 46 …
Stormy weather stalls CSR drilling
Due to “extremely severe” weather conditions, the Canadian States Resources (CDN) drill crew working 80 km northwest of Voisey Bay has discontinued drilling.The company plans to resume drilling as soo…
Patrician reports bright results from African projects
Exploration results from its African projects continue to foster optimism for Patrician Gold Mines (ASE).The bulk of the work, comprising geochemical sampling and airborne surveys, was carried out on …
Meetings (November 27, 1995)
MEETINGSDec. 4, Banff Dec. 4, Glen AudenDec. 4, Rangeland Dec. 4, Rosebay Dec. 4, Shakwak COMING EVENTSDec. 5-8 Northwest Mining Association — “Int’l Convention & Exposition.” Spokane Hotel, Spokane,…
Manitoba cheers New Britannia opening
Second-hand hoists, second-hand mill. The New Britannia mine, which officially opens this week, has both. Scouring the mining industry’s garage sales for bargains is one way to keep capital costs down…
Bisulphide extraction process patented in Montana
A bio-oxidation and bisulphide leaching process that may compete with cyanidation has been patented in the U.S.Yellowstone Environmental Science of Bozeman, Mont., developed the 2-stage process (T.N.M…
Loma de Hierro jumps hurdle
Venezuela’s mines ministry has approved the development plan for the Loma de Hierro nickel deposit, 50 km southwest of Caracas. And Jordex Resources (TSE), owner of a 45% interest, is looking forward …
Fischer-Watt boosts output in Colombia
Gold production at the Oronorte project in Colombia topped 1,045 oz. in October, well above the average monthly figure of 611 oz.All production came from the Limon underground mine, where high-grade o…
Southeast zone drilling adds to potential of Busang
Few exploration plays have attracted as much speculative interest this year as the Busang bulk-tonnage gold project operated by Bre-X Minerals (ASE) in the Indonesian province of East Kalimantan.The c…
Production starts at Redstone mine
The first deliveries of nickel ore from the Redstone mine were recently shipped, and owner Black Hawk Mining (TSE) is planning annual production of 5 million lb. nickel.Reserves at Redstone, 22 km sou…
Curator drill program returns copper-cobalt values at Boleo
Reconnaissance drilling on the Dos de Abril area of the Boleo property in Mexico is returning consistent copper-cobalt values for International Curator Resources (TSE).Situated in Baja California Sur,…