Canmine drilling tests deep zone
A high-power geophysical survey has enabled Canmine Resources (ASE) to discover at least five volcanic feeder vents. These vents are believed to be responsible for forming the Island zone massive sulp…
News
Major General evaluates Hammerdown deposit
An evaluation report estimates the Hammerdown deposit in Newfoundland could produce 225,000 oz. of payable gold at a cost of US$131 per oz., over a 3-year period. The deposit, situated on the Rendell-…
Good values at Gilt Edge mine
The final hole drilled by Dakota Mining (TSE) at its Gilt Edge gold mine near Deadwood, South Dakota, has resulted in some encouraging values. The longest and highest-grade intercept averaged 0.67 oz….
NEWS ROUNDUP — Aur repays bank debt
Base metal miner Aur Resources (TSE) has repaid the outstanding bank debt of $28.4 million that was incurred to fund its share of development costs at the Louvicourt copper-zinc-gold mine in Val d’Or,…
NEWS ROUNDUP — Blue Emerald eyes yellow metal
Having undergone management changes and having opted against buying an opal project in British Columbia, Blue Emerald Resources (VSE) is ready to begin exploring for gold. While it reviews several pro…
Conference set for Ethiopian city
A conference and exhibition on “mineral investment opportunities in Ethiopia” is set for Feb. 14-16 in Addis Ababa. The morning of the first day of the conference will feature talks on various topics,…
EDITORIAL PAGE — Capitalism in Africa
Aristotle hit the nail squarely on the head, sometime back in the third century BC, when he called poverty “the parent of revolution and crime.” The states likely to be well administered, he noted, ar…
Warren given life sentence, named in Giant mine lawsuit
Convicted of second-degree murder (T.N.M., Jan. 30/95) in the bombing deaths of nine miners at the Giant gold mine in Yellowknife, N.W.T., Roger Warren was sentenced to at least 20 years in prison bef…
Ontario government makes amendments to Mining Act
The Ontario government has made six amendments to the Ontario Mining Act, which Mines Minister Gilles Pouliot says will make the legislation fairer, clearer and more effective. The six changes involve…
DIAMOND NEWS ROUNDUP — Sage, Striker encouraged by Aussie
Partners Sage Resources (VSE) and Australian-based Striker Resources have received encouraging results from their Beta Creek diamond project in Western Australia. The following are highlights of the 1…
STOCK MARKETS — U.S. economic fears spark TSE decline
Fears that the U.S. economy may be headed for a significant downturn sent cyclical resource stocks into a tailspin, causing the TSE to post a loss during the 5-day report period ended Jan. 31. The com…
STOCK MARKETS — Western markets continue to plumb depths
The pool keeps getting deeper and deeper as western markets attempt to quantify the “bottom” in the term “bottom fishing.” The Vancouver Stock Exchange resource index plunged more than 62 points to cl…