Champion drills at Dryden
Drilling has encountered gold values on Champion Bear Resources’ (ASE) Swimit Lake prospect near Dryden, Ont. Twenty-six holes were drilled to test the depth extension and lateral continuity of gold m…
News
NEWS ROUNDUP — Glamis posts higher quarterly profit
Producer Glamis Gold (TSE) posted a 12 cents-per-share profit for the third quarter of fiscal 1994, compared with 1 cents per share in the same period of the previous year. The increase is largely due…
OPAP, OMIP funds allocated
The Ontario Prospectors Assistance Program (OPAP) has provided funding for 215 projects this year. The Ministry of Northern Development and Mines says $2 million was allocated to OPAP for 1994. The mi…
Nominations sought for Hall of Fame
The Canadian Mining Hall of Fame has issued its yearly call for nominations, which will lead to the induction of a new group of individuals early in 1995. These future inductees will be honored at a d…
JUNIOR MINING SPECIAL — Vietnam now open to new mining
On Feb. 3 of this year, U.S. President Bill Clinton removed the 19-year-old prohibition against American companies doing business in Vietnam. This prohibition had, by moral persuasion, inhibited most …
COMMENTARY — West Africa versus South America
Why do we believe that investor enthusiasm, which swept South American countries like Venezuela in 1993, will spread to West African countries in 1994? (By West Africa, we are referring primarily to t…
THE DIAMOND PAGE — Marine diamond concession in S.W. Africa
Globe-trotting BHP Minerals plans to increase its exposure to diamonds by participating in a new joint venture aimed at exploring and developing a marine concession in Namibia. The offshore property, …
INSIDER TRADING — Caledonia officers exercise options and
A director and a senior officer of Caledonia Mining (TSE) exercised options and sold shares in March and April. According to the Ontario Securities Commission’s OSC Bulletin, director Walter Forrest e…
STOCK MARKETS — Western markets respond to firmer gold
Further strength in the price of gold helped to turn western markets around, with the Vancouver Stock Exchange resource index posting a 26.24-point gain to 1,671.27. The composite index also closed hi…
JUNIOR MINING SPECIAL — Espalau extends mine life at Dona
When sold last summer, Placer Dome’s (TSE) Dona Lake mine, near this northern Ontario town, appeared to be nearing the end of its productive life. But now, some 10 months later, mining operations are …
JUNIOR MINING SPECIAL — Expansion in works at Dome, Detour
Despite the lingering recession and lacklustre gold prices, the Dome and Detour Lake mines of Placer Dome (TSE) are buzzing with excitement. At Dome, that optimism has spread throughout Timmins, as re…
JUNIOR MINING SPECIAL — Weatherhaven chief combines business
When it comes to venturing into forbidding, faraway lands, James Allen has few equals. For the past 14 years, the bluejean-clad president of Burnaby, B.C.-based Weatherhaven Resources has been churnin…