Work to start at Nfld. antimony play
An exploration decline will be constructed at the Beaver Brook antimony deposit of Roycefield Resources (ASE).The property, situated near Grand Falls, Nfld., consists of two mineralized zones: the Cen…
News
Caledonia acquires Namibian project
Already active elsewhere in Africa, Caledonia Mining (TSE) has been granted a licence by the government of Namibia to explore a land package near Walvis Bay.Sands grading 14.2% heavy minerals (chiefly…
Santa Elina firms up targets at Fazenda Nova gold property
A first round of drilling has returned encouraging gold values from targets being tested at the Fazenda Nova property in Brazil.Toronto-listed Santa Elina Gold carried out diamond drilling of 20 angle…
LABRADOR NEWS ROUNDUP — Tapestry, Portman prepare to drill
Partners Tapestry Ventures and Portman Explorations have received drill permits for two properties in the Voisey Bay area of Labrador.The Vancouver-listed juniors are assessing two previously reported…
Rupert plans drilling in Ungava
The base metal potential of the Cape Smith project in Quebec’s Ungava region has Rupert Resources (VSE) President Donald Moore champing at the bit to begin drilling.Rupert recently optioned a 75% inte…
Santa Fe approves flotation circuit at Lone Tree
With construction of the Mule Canyon mine about to begin, Santa Fe Pacific Gold (NYSE) is planning to install a flotation circuit at its nearby Lone Tree mine that will benefit both Nevada gold projec…
INSIDER TRADING — Adex execs exercise options and sell shares
Several insiders of Adex Mining (TSE) traded both common shares and options in the company during April and May.According to the Ontario Securities Commission’s OSC Bulletin, Sally Burton, senior offi…
INVESTMENT COMMENTARY — Coal producer Hillsborough shows earnings potential
The coal sector may not be imbued with the romance associated with gold or diamond mining, yet “black gold” does generate profits for many a producing company.Douglas Hurst, mining analyst for Sprott …
Copper price keeps Princeton in black
With the Similco open-pit operation in British Columbia running smoothly and the price of copper reaching record highs, Princeton Mining (TSE) performed solidly in the second quarter.The company earne…
METAL PRICES — FREE MARKET (August 07, 1995)
London Metal ExchangeSpot closing prices in $US per tonneDateAugust 1 July 31July 28 July 27 July 26Copper3010-3015 2978-29572982-29873005-30102970.5-2985.5Lead624.5-625.5 621-622620-62162…
Drilling at Red Lake mine proves continuity of zones
Goldcorp (TSE) has released additional results from its ongoing $10-million exploration and development program at the Red Lake mine in northern Ontario.In addition to advancing drifts, Goldcorp carri…
Temagami staking rush anticipated for summer
A wide range of mineral prospects in the Temagami area of northern Ontario will trigger a claimstaking rush when dozens of dormant townships are thrown open to developers later this month, government …