Nickel production costs falling
Nickel production costs have fallen for three consecutive years and are set to decline further in the period 1995-1997, says British research firm Brook Hunt & Associates. In its publication Nickel In…
News
Giant mine trial under way
In Yellowknife, N.W.T., the trial has begun into the deaths of nine men at the Giant gold mine in September, 1992, following a bomb blast. Charged with nine counts of first-degree murder is Roger Warr…
Ontario symposium scheduled
Registrations are being accepted for the 17th annual Mines and Mineral Symposium of the Ontario Ministry of Northern Development and Mines (MNDM) scheduled for Dec. 5-8 in the Macdonald Block at Queen…
Jonpol options Mali concession
Toronto-listed Jonpol Explorations can earn a half interest in International Tournigan’s (VSE) gold property in Mali, West Africa. Tournigan completed soil and rock chip sampling in 1994 and obtained …
STOCK MARKETS — Western markets slide further into slump
Western markets continue to languish amid a slipping gold price and despite recent price appreciation in base metals. The Vancouver Stock Exchange composite index managed to edge up 2.22 points to 836…
Canarc outlines gold anomalies in Suriname
Three large gold soil anomalies have been found on the Kaka grid at Canarc Resources’ (TSE) Sara Kreek property in Suriname. The grid covers 11% of the 22,500-hectare property, which was the second-la…
METALS COMMENTARY — Strong demand boosts metal prices
Volatile metal prices have romped upwards over the past few weeks, spurred by strong demand and ever more price speculation. While long-term metals consumption remains positive, some retrenchment in p…
Asarco drilling at Butte Highlands
Drilling on the Nevin Hill zone at the Butte Highlands property near Butte, Mont., has now tested the deposit over a 1,000-ft. strike length and to a depth of greater than 1,400 ft. Asarco (NYSE) has …
Atna explores Yukon properties
The 16-claim Toe property has been added to the holdings of Atna Resources (VSE) in the Finlayson Lake area of southeastern Yukon. The Toe and two other properties, the Pak and Foot, lie within a stra…
Caretech drills Thunder Lake W.
CDN-listed Continental Caretech has received results from nine holes which it drilled at the Thunder Lake West project near Dryden, Ont. The first three holes, drilled between 1,640 and 2,590 ft. east…
STOCK MARKETS — Inflation fears limit TSE gains
Renewed inflation fears spooked investors and put a damper on the Toronto Stock Exchange over the 5-day report period ended Nov. 1. The composite 300 index edged up 21.68 points to end the week at 4,2…
Cambior increases Argentine exposure
Montreal-based Cambior (TSE) will buy a 40% interest in a company that owns a project with a mineral inventory of 500 million tonnes averaging 0.75% copper, based on a cutoff grade of 0.5% copper. Pac…