Inter-Rock and Rayrock advancing Daisy project
Shareholders attending the recent annual meeting of Inter-Rock Gold (ME) were told that the Daisy gold project in Nevada should be up and running by late 1996.Engineering work and permitting are under…
News
COMMENTARY — Worldwide gold exploration prospects
The Mining Investment Service of Tucson, Ariz., has compiled a study based on 434 gold exploration deposits throughout the world. And although these projects exist at various stages of exploration, su…
Louvicourt adds to Novicourt earnings
Junior Novicourt (ME) generated $11.9 million in revenue during the first quarter.The revenue was derived from the company’s 45% interest in the Louvicourt base metal mine near Val d’Or, Que.The Louvi…
Gold Reserve works Km 88 play
With three rigs operating and 40 more holes planned for the current phase of drilling, Gold Reserve (TSE) continues to receive encouraging results from its Las Brisas property.Situated within the Kilo…
Low Canadian dollar benefits Ontario mining industry
Metallic commodities are priced in U.S. dollars and, because of this, monetary exchange rates have a significant impact on the revenues generated by Ontario mining operations.The mineral sector analys…
USMX acquires Ecuadorian firm
Colorado-based USMX (TSE) has acquired all of the outstanding capital stock of Mega Minerals, an Ecuadorian company which holds title to eight exploration concessions in the South American country.In …
Spot prices at a glance (May 29, 1995)
Wednesday, May 24Week’sPrice (US)ChangeGold*$382.90-$0.50Silver*$5.40+$0.02Platinum*$431.75+$3.10Nickel**$3.43+$0.12Lead**$0.28+$0.01Copper$1.29+$0.03Zinc$0.47 $0.00Courte…
EDITORIAL PAGE — A catalyst for change
The Voisey Bay nickel-copper-cobalt project has sparked the largest staking rush ever seen in Atlantic Canada, with more than 100,000 claims registered in Labrador since the discovery was announced la…
Companies (May 29, 1995)
Aber Akiko GoldAltaiAmax GoldAshton Mng CanAurAurizonBarrick GoldCaledoniaCamphor VCanyonChampionChannelConquistdr Cons SamrkdContl PacfcDiamnd FldsEcho BayElectra MngFalcon…
Electra plans to prolong Aurora’s output
While mining has temporarily ceased at the Aurora gold mine in southwestern Nevada, Electra Mining Consolidated (VSE) expects that production from existing ore on the heap-leach pads will continue int…
Musto shareholders support offer
Shareholders of International Musto Explorations (TSE) have tendered almost 33.4 million shares (or about 98% of those that are outstanding) in favor of a bid made by Rio Algom (TSE) and Australian-ba…
Kinross takes on Nevada project
For a half interest in the Goldbanks gold property near Winnemucca, Nev., Kinross Gold (TSE) will pay Restoration Minerals, a small private company, US$6 million and 800,000 shares of Kinross stock.Ki…