Flag drilling near Sudbury
Work is continuing on the 10,400-hectare property held by Flag Resources near Sudbury, Ont. A large magnetic body, thought to represent the western sector of the Wanapitei anomaly, was found near the …
News
METALS PRICES — Spot prices at a glance
Week’s Price (US) Change Gold* $378.30 – $0.30 Silver* $ 5.16 – $0.05 Platinum* $412.50 – $2.00 Nickel** $ 2.59 – $0.16 Lead** $ 0.25 – $0.01 Copper $ 1.08 – $0.02 Zinc $ 0.42 – $0.01 Courtesy of Scot…
Green light for Kodiak project
Construction can now begin on the Kodiak heap-leach gold project at Golden Bear mine in northwestern British Columbia. North American Metals (VSE) received the required mine development certificate fr…
MSV increases quarterly output
Second-quarter production at the Copper Rand and Portage projects near Chibougamau, Que., increased by 45%, compared with the same period in 1993, MSV Resources (ME) reports. Quarterly output of 104,0…
Troilus contract to SNC-Lavalin
A contract for engineering and construction management of the concentrator, tailings storage and associated infrastructure at the Troilus gold project north of Chibougamau, Que., has been awarded to S…
DO-27 bulk-sample results disappointing
The junior partners of Kennecott Canada saw their DO-27 (Tli Kwi Cho) kimberlite project downgraded in early August from a development project to one of many exploration-stage projects in the Lac de G…
Porgera to resume operations
Management of the Porgera joint venture has started routine recommissioning procedures at the explosives plant at the Papua New Guinean mine site. Placer Dome (TSE), an 18.9% owner of the project, sai…
Radisson options O’Brien
A deal has been signed whereby Radisson Mining Resources (ME) can earn a 50% interest in Breakwater Resources’ (TSE) O’Brien gold property in Cadillac Twp., Que. Between 1925 and 1956, the mine produc…
AMERICAS — Expansion in works at Kori Kollo
A 2-phase, US$30-million expansion program of Inti Raymi, the 88% owned subsidiary of Battle Mountain Gold (NYSE), is under way at the Kori Kollo gold mine in Bolivia. The company reported recently th…
AMERICAS — Developing world seeks private funding for new
In the 1990s, infrastructure investment in the developing world is projected to exceed US$200 billion annually, almost one-third of total expected fixed investment. In Argentina, the power, telecommun…
AMERICAS — International challenges for Canadian
The problem with bioleaching of refractory gold ores is that it only works in the Southern Hemisphere — or such is the opinion of a good many Canadian metallurgists who were key to the bioleaching re…
Aur to deep-drill Mainstreet
A 2-hole, deep-drill program is under way on Beaufield Consolidated Resources’ (VSE) Mainstreet copper-zinc property in Louvicourt Twp., Que., project operator Aur Resources (TSE) reports. The aim of …