Mount Polley decision expected before fall
The Mount Polley project in central British Columbia could be producing copper and gold by the end of the first quarter of 1997.At the annual meeting of Imperial Metals (TSE), President Pierre Lebel s…
News
Breakwater back from the brink
With progress being made to address the metallurgical difficulties at the Caribou zinc-lead-silver mine, Breakwater Resources (TSE) is well on the road to recovery, company officials say.”Your company…
Triton starts trenching at Topacio gold project
The Topacio gold project in southeastern Nicaragua is gradually taking shape under the direction of Triton Mining (TSE).Previous work, in the mid-1980s, identified a probable resource of 559,000 tonne…
Falconbridge to proceed with Raglan
Though remote, the area along the northeastern shore of Labrador and Quebec is gaining renown as a hot spot for nickel discoveries. In addition to the Voisey Bay nickel-copper-cobalt deposit controlle…
Cyprus Amax finances El Abra
A major hurdle has been cleared in the endeavor to develop the Chilean copper project known as El Abra.Cyprus Amax Minerals (NYSE), which owns 51% of the gigantic project, reports that financing of US…
Rea projects highlighted by Mt. Hamilton, Bissett
The initial phase of a US$1-million exploration program is under way at the Mt. Hamilton gold mine on Nevada’s Battle Mountain trend.The work, which involves 35,000 ft. of infill drilling in and aroun…
Strike halts production at Golden Giant
A strike has halted production at the Golden Giant mine of Hemlo Gold Mines (TSE).The 223 members of United Steelworkers of America Local 9364 went on strike June 17, citing a dispute with management …
Eldorado expanding Colorada mine
By expanding facilities at the Colorada mine in Mexico’s Sonora state, Eldorado (TSE) expects to reduce processing costs by up to 30% and improve gold output by up to 15%.A new Merrill-Crowe circuit, …
METAL PRICES — FREE MARKET (June 26, 1995)
London Metal ExchangeSpot closing prices in $US per tonneDateJune 20 June 19June 16 June 15June 14Copper3110-3115 3040-30503022-3024 2961-29622867-2870Lead596.5-597.5 600-601612-613 611-612…
El Callao outlines gold zone in Venezuela
Drilling on the Venezuelan property known as Lo Increible is outlining a second zone of gold mineralization for El Callao Mining (VSE).The company, which is earning up to a 70% interest in the propert…
LETTER TO THE EDITOR — Great Lakes puts foot in mouth
In the article “Geomaque resists merger” (T.N.M. May 12/95), Great Lakes Minerals Chairman John McBride refers to information in Geomaque’s letter to shareholders dated June 5, 1995, as “a lot of bunk…
Homestake eyes gold in Eastern Europe
Mining giant Homestake Mining (NYSE) has reached an agreement whereby it can acquire a sizable chunk of the Chelopech gold-copper mine 75 km east of Sofia, Bulgaria.The company will buy 6 million newl…