TVX boosts stake in gold projects
Gold-producer TVX Gold (TSE) has increased its ownership in two projects and is considering buying a third. TVX bought a 10.3% interest in the Brasilia mine for US$14 million from a private company co…
News
Spot prices at a glance (February 27, 1995)
Week’s Price (US) Change Gold* $379.00 + $2.10 Silver* $4.76 – $0.01 Platinum* $416.40 + $2.40 Nickel** $3.79 + $0.02 Lead** $0.27 + $0.01 Copper $1.31 $0.00 Zinc $0.47 + $0.02 Courtesy of Scotiabank….
ODDS’N’SODS — The Mexican adventure (1)
Exploration work in Alaska has its problems. Nevertheless, the long days and short nights during the summer, combined with the mineral-rich Triassic volcanics in the Talkeetnas, make prospecting a cha…
New gold zone discovered at Tasna
By the end of March, Corriente Resources (VSE) expects to have completed a feasibility study for its bismuth-copper-gold vein project on the Tasna property in southern Bolivia. The company is also exp…
Grizzly returns more gold
Drilling on the Grizzly zone at the Golden Bear mine in northwestern British Columbia is expanding the dimensions of the deposit. Owner North American Metals (VSE) reports that hole 95-128 intersected…
Significant rise in reserves at Musto’s Alumbrera play
An expansion in reserves will enable partners International Musto Explorations (TSE) and Australian-based MIM Holdings to increase throughput at the Bajo de la Alumbrera gold-copper deposit in northwe…
Goldcorp finances Red Lake work
TSE-listed Goldcorp is spending $10 million on exploration and development at its Red Lake gold mine in Balmertown, Ont. The program, expected to last two years, consists of 200,000 ft. of exploration…
Minera Rayrock producing and exploring in Latin America
Significant developments are reported from three of Minera Rayrock’s (TSE) projects in Chile and Costa Rica. The Ivan copper project in northern Chile recently entered production. In January, it yield…
OBITUARY — Younie a career diamond driller
The former owner of Hydracore Drills of Richmond, B.C., Truman Younie, died recently of a heart attack. He was 67. Younie spent his entire career in the diamond drilling industry, having started in 19…
COMMENTARY — Rising nuclear generating capacity
The American consulting and information services company NUKEM predicts, in its recent monthly publication, that world nuclear generating capacity will grow during the remainder of this decade but tha…
Minnesota ponders copper-nickel deposits
A subcommittee of the governor’s Task Force on Mining and Minerals, charged with looking at the future of copper-nickel mining in northeastern Minnesota, has recommended that the state fund a $371,500…
DIAMOND NEWS ROUNDUP — BHP reports improvement in grade for
Results from diamond evaluations on the N.W.T. Diamonds project near Lac de Gras indicate an improvement in the grade of the Fox pipe. Last year, BHP Diamonds mined a 6,915-tonne sample from a decline…