JAG produces gold from Belleterre
Persistence has paid off for one junior exploration company in western Quebec. Initial development of the Aubelle deposit by JAG Mines (ME) has yielded 1,300 tonnes of development ore.After processing…
News
Noranda buys into smelter
The growing Chilean copper smelting business has attracted Noranda Metallurgy.The company, a unit of Noranda, (TSE), has agreed to buy a 24.8% interest in Fundicion Refimet, operator of the Antofagast…
METALS COMMENTARY — Metals markets show strength as summer season draws to close
Manufacturers of base metals and stainless steel remain busy, and scrap prices are again stronger, as the summer holiday season draws to a close.Markets are characterized by ongoing realignments, rati…
Exploration planned at Gold Eagle mine
Exploration progress in the Red Lake camp of Ontario has encouraged Canadian Golden Dragon Resources (VSE) to enter into an agreement with Exall Resources (TSE) for a work program at the latter’s Gold…
Chesbar Res. and Corner Bay launch exploration programs
Two gold occurrences on the La Salle II concession in Bolivar state, Venezuela, will be drilled as part of a project managed by Chesbar Resources (ME).The company is amassing a land position in the st…
COMMENTARY — Miners miffed by Washington’s rejection of regulatory reform
“President Clinton and a majority of Senate Democrats have effectively killed chances for this country to save lives, save money and create new jobs for American workers by rejecting regulatory reform…
Geophysics start in Costa Rica
Airborne geophysical surveys are under way on Costa Rican properties held by Barrick Gold (TSE), Lyon Lake Mines (ME) and Placer Dome (TSE).The three companies hold adjacent ground in the Sarapiqui be…
Metal Prices — FREE MARKET (August 28, 1995)
London Metal ExchangeSpot closing prices in $US per tonneDate August 22 August 21 August 18 August 17 August 16Copper 3078-3080 3092-3095 3117-3120 3143-3151 3070-3072Lead 621.5-623.5 627.5-628.5…
First Western busy in Quebec
Two base metal properties in northern Quebec will be explored under an agreement between Band-Ore Resources (CDN) and First Western Minerals (VSE).In return for a 51% working interest, First Western h…
Eastmain steps up drilling at Reservoir
Drilling is in progress at the Reservoir gold property in the Eastmain River greenstone belt in Quebec.Property owner Eastmain Resources (CDN) has announced that drilling to the end of July had indica…
Spot prices at a glance (August 28, 1995)
Wednesday, August 23Price (US)Week’s ChangeGold*$383.45-$0.65Silver*$5.56+$0.20Platinum*$428.00+$7.30Nickel**$4.13+$0.04Lead**$0.28$0.00Copper$1.39$0.00Zinc$0.46 $0.00Co…
Getchell and Teck drilling Rainbow
Drills are turning again on the Rainbow joint venture near Kamloops, B.C.Partners Getchell Resources (VSE) and Teck (TSE), which own 30% and 70%, respectively, are carrying out this second phase of wo…