Louvicourt wins rescue competition
The Louvicourt mine near Val d’Or, Que., took top spot in Quebec’s provincial mine rescue competition in early June.The annual event is sponsored by the Quebec government’s Health and Safety Commissio…
News
Silver prospects attract interest — Metallica explores Mexican play
Metallica Resources (CDN) has defined two new precious metal occurrences at the Cerro San Pedro property in San Luis Potosi, Mexico.The discovery follows the first 2,500 metres of a planned 10,000-met…
Development plan in works for Cieneguita joint venture
An operating and production plan is in place for the Cieneguita gold deposit in Mexico’s Chihuahua state.Glamis Gold (TSE) acquired a 60% interest in the heap-leach project from Aquiline Resources (VS…
Canabrava explores diamond targets in Brazil
An aggressive exploration program, initiated one year ago by Canabrava Diamonds (VSE), has identified 120 kimberlite-lamproite pipe-vent complexes at its namesake project in Brazil’s Minas Gerais stat…
Northern Orion tops up treasury
A special warrant financing will raise $40 million for Northern Orion Explorations (VSE).Investment dealers Gordon Capital, Deutsche Bank Securities, Yorkton Securities and Bunting Warburg have agreed…
Drilling planned for Atna ground
Drilling will begin in early August on the Foot, Pak and Toe claims in the Yukon.Westmin Resources (TSE) will spend a minimum of $650,000 on the property this year under a four-year, $3-million option…
STOCK MARKETS — Interest rate cut spurs TSE to record highs
A drop in interest rates ignited the Toronto Stock Exchange 300 composite index, which proceeded to blast through three successive record highs during the 5-day report period ended July 11. The compos…
American Bullion finds new zone at Red Chris property
Drilling on the Red Chris property in northwestern British Columbia is firming up a new zone of mineralization for American Bullion Minerals (VSE).The company has drilled eight widely spaced holes on …
EDITORIAL PAGE — The bear facts of geophysics
My first summer job in geophysics was as a horizontal loop electromagnetic (EM) transmitter operator in the Yukon in 1966. The Anvil camp had recently been discovered by Dr. Arro Aho, and an intense e…
Platinova drills turn in Greenland
At the Peary Land zinc project in Greenland, Platinova A/S (TSE) has begun drilling the Esrum gravity anomaly.The first hole intersected 70 metres of massive sulphides containing sub-economic quantiti…
LETTER TO THE EDITOR — Haileybury history is in the works
For the past two years, I have been researching material regarding the history of the Haileybury School of Mines in northeastern Ontario. It is my intention to write a book on the history of this reno…
DIAMOND NEWS ROUNDUP — Tradewinds encouraged at Drybones
Initial caustic fusion tests on drill core from the Drybones Bay kimberlite pipe near Yellowknife, N.W.T., have so far uncovered six macrodiamonds.The tests were carried out on 10 samples which were t…