COMMENTARY — A better climate for mining
The Standing Committee on Natural Resources submitted nine key recommendations to the government last fall in order to strengthen the Canadian mining industry.These recommendations were not reflected …
News
EDITORIAL PAGE — Property rights and the Choctawahatchee beech mouse
In 1992, American taxpayers shelled out about US$16 million to “save” the endangered Choctawahatchee beech mouse.But that is a pittance, compared with the $73.4 million spent that year to “save” the r…
Continental Precious Metals finds nickel anomalies
After compiling results from last year’s reconnaissance mapping and sampling program, Continental Precious Minerals (ME) has identified a 400-sq.-km area with nickel geochemical anomalies on its Baffi…
Curator drilling to expand Boleo deposit
Toronto-listed International Curator Resources is proceeding with an expanded drilling program on its Boleo copper-cobalt project in Mexico.The announcement follows completion of a private placement o…
Cheni Resources to explore Mt. Uniacke gold property
Vancouver-based Cheni Resources (TSE) will acquire a 60% interest in the Mt. Uniacke gold property, 40 miles north of Halifax, N.S.Historically, more than 2 million oz. gold have been mined in Nova Sc…
Fairstar to acquire stake in Casa Berardi gold property
Montreal-listed Fairstar Explorations will acquire OGY Petroleums’ (TSE) 45% interest in the Fenelon gold project in northwestern Quebec.Fairstar will issue 1.5 million of its common shares and 1.5 mi…
Vancouver refiner looks to restart
Australian-based Golden West Refining will breathe new life into International Nesmont Industrial’s dormant gold refinery in Ladner, B.C.The refinery was shut down last year after brass bars were foun…
San Andreas drilling for silver-lead-zinc
Diamond drilling is under way on the Prairie Creek property of San Andreas Resources (TSE), 300 miles west of Yellowknife, N.W.T.The property hosts a geological resource of 6.8 million tons grading 12…
Consolidated Silver to acquire stake in Mexican silver play
Emerging from several years of dormancy, Consolidated Silver (NASDAQ) is trying to gain a footing in the industry.Under an agreement with Hecla Mining (NYSE) which owns 67% of Consolidated, the junior…
Canasil to drill B.C. properties
Summer drilling is planned for the Brenda and Granite Basin properties in British Columbia.Owner Canasil Resources (VSE) expects diamond drilling to begin shortly on the Brenda property, 20 km north o…
Trillion announces debenture
Toronto-listed Trillion Resources has placed a $6-million debenture with the Emerging Markets Gold Fund (EMGF).EMGF is a private investment fund with a mandate to invest in gold mining projects in dev…
METALS COMMENTARY — Metals markets being driven by fundamentals
Ignoring a host of poor economic forecasts, physical metals markets churned ahead in June, as world metal demand maintained its strong tenor. There is some consumer sector slowdown in North America, p…