Arlo drilling in Panama
Junior Arlo Resources (VSE) has commenced diamond drilling on two properties in Panama. At the Oro del Norte copper-gold concession, 110 km west of Panama City, six holes are being drilled in a 1,000-…
News
Goldcorp drilling intersects gold
During a preliminary drill program on the lower levels of the Red Lake mine in northwestern Ontario, Goldcorp (TSE) uncovered two promising gold discoveries. The first was found between levels 30 and …
Waddy Lake and Golden Rule revise Komis reserves
TSE-listed partners Waddy Lake Resources and Golden Rule Resources have taken a closer look at the geology of the Komis gold deposit and, in the process, recalculated the reserve figure. The deposit, …
ODDS’N’SODS — Diamonds in the Appalachians
The occurrence of diamonds in the eastern U.S. has been well documented since 1843, and possibly even earlier. The authenticated diamonds range in size from 0.25 carats to the Punch Jones diamond, whi…
Lighter coins in the works as metals makeup to change
A change in the metals composition of coins in circulation in Canada, with the exception of the $1 loonie, is in the works. The Royal Canadian Mint plans to use nickel-plated steel for the 50-cent, 25…
Delaney addressing CIM luncheon
The chairman of Sherritt will talk about his company’s activities at the April 20 luncheon of the Toronto branch of the Canadian Institute of Mining, Metallurgy and Petroleum. Ian Delaney has been run…
Copper smelting industry studied
A study by Behre Dolbear & Company of Denver demonstrates the intensive cost competitiveness occurring in the Western-world copper smelter-refinery industry as the market swings from periods of constr…
STOCK PAGES — Precious metals react to currency market
The mood was bullish for precious metals during the report period ended April 4, as the U.S. dollar struggled to hold its own against the Japanese yen and German mark. Gold, which had been stuck in th…
DIAMOND NEWS ROUNDUP — Diamond discovery throws spotlight on
Partners KWG Resources (TSE) and Spider Resources (ASE) have released results from a vertical hole drilled to test the Kyle Lake intrusive, discovered just over a year ago in the James Bay Lowlands of…
Plata drills targets in Argentina
In the Argentine province of San Juan, Plata Mining (ASE) has launched a 1,400-metre program of reverse-circulation drilling. The junior’s Hualilian gold property is in an area which has a history of …
Results cloud Sunshine’s year
A lacklustre fourth quarter took the shine off 1994 for Sunshine Mining (NYSE). The Boise-based company reported a loss of US$4.9 million for the year, compared with a loss, in the previous year, of U…
STOCK MARKETS — Markets reel as AK results prove better than
Rekindled interest in diamond exploration in the Northwest Territories is heavily influencing trading on the Vancouver Stock Exchange. The VSE reeled during the month of March as the volume of shares …