Miramar confirms Cuban gold zone
Drilling on the Mantua copper project in Cuba is confirming the presence of an overlying gold zone.Miramar Mining (TSE), which holds a 50% interest, has completed a 35-hole program to evaluate the gol…
News
Minto production decision is near
A feasibility study for the Minto copper-gold-silver project in the Yukon is complete, and Minto Explorations (VSE) expects to make a production decision in the near future.Proven and probable reserve…
Noranda shareholders salute retiring Powis
Resources giant Noranda (TSE) bid adieu to its longtime chairman, Alfred Powis, in a tribute-filled annual meeting in Toronto.Powis, 64, spent almost 40 years with the company, including 27 years as e…
Neuquen project in Argentina — Yamana, MIM explore `red bed’ deposits
Although Argentina is not known for its copper production, partners Yamana Resources (TSE) and Australian-based MIM Holdings are working to remedy this situation.The Neuquen project is Yamana’s most a…
Improved demand benefits niobium
The prospects for a rise in demand for niobium for the rest of the 1990s are far more positive than in the first years of the decade, says researcher Roskill of London in its new report Niobium: marke…
FACTS & FIGURES — Lead enters a new era
Between 1960 and 1973, the consumption of refined lead in the West rose at an average annual rate of 4%. In the latter year, total consumption amounted to just over 4 million tonnes. The impact of the…
STOCK MARKETS — Voisey results help snap western markets to life
Speculation fuelled by the Voisey Bay nickel-copper-cobalt discovery in Labrador, combined with renewed interest in diamonds in the Northwest Territories, rallied the western markets for the report pe…
EDITORIAL PAGE — The Great Canadian Area Play
It is happening all over again — the Great Canadian Area Play, that is.Junior companies are swarming to Labrador to tie up any ground still available in the vicinity of the Voisey Bay nickel-copper-c…
Finding new mineral deposits at depth with 3-D seismics
Geologists and geophysicists at Noranda could be getting a clearer understanding of what lies below the earth, thanks to a promising technology know as “3-dimensional seismics.”The process, used by th…
Spot prices at a glance (May 08, 1995)
Wednesday, May 3Week’sPrice (US)ChangeGold*$388.80-$1.05Silver*$5.88+$0.19Platinum*$452.75+$11.75Nickel**$3.17-$0.08Lead**$0.27$0.00Copper$1.25-$0.01Zinc$0.48 $0.00C…
Royal Gold, partner to search for gold in Eastern Europe
American junior Royal Gold (NASDAQ) and its Athens-based partner, Silver & Baryte Ores Mining, are set to explore for the yellow metal in Bulgaria.The agreement calls for Greek American Exploration, a…
PRODUCER PRICES (May 08, 1995)
ALUMINUM: MW U.S. market US88.9-89.9 cents per lb. (April 28, 1995).ANTIMONY: MW New York dealer US$2.20-2.30 per lb. (March 31, 1995).BISMUTH: MW New York dealer US$3.55-3.65 per lb. (April 20, 1995)…