USMX releases Dewey reserve
The geologic resource for the Dewey Dome area of the Thunder Mountain property is estimated at 8.4 million tons grading 0.04 oz. gold per ton. USMX (NASDAQ) bases the estimate on 65 reverse circulatio…
News
Fairfield buys back Siwash North royalty
A 10% net proceeds royalty in the Siwash North gold deposit near Merritt, B.C., has been bought back from Placer Dome (TSE). Fairfield Minerals (TSE) has arranged to buy the interest for $1 million, p…
COMMENTARY — A grassroots perspective
A blaze is threatening all our mines, an inferno advancing toward us at an alarming rate. It is primarily in the form of the preservationist movement and the political ramifications it brings with it….
EDITORIAL PAGE — Post-Cold War blues
The dissolution of the Soviet Union brought with it an end to the Cold War. This was cause for celebration around the world. However, few people could have predicted the severe consequences such a dev…
Former Phelps Dodge chairman eighth recipient of AMC award
The former chairman of Phelps Dodge was named the eighth recipient of the Distinguished Service Award of the American Mining Congress (AMC). George Munroe will be presented with the award at the Jan. …
THE DIAMOND PAGE — United Reef to continue work on African
Following the completion of a $1.8-million rights offering, United Reef (TSE) plans to resume work on its Bamingui-Bangoran diamond project in the Central African Republic. The funds will be used to c…
NEW FRONTIERS IN MINING — Placer Dome output hits 1.8m oz.
Among gold mining companies, Placer Dome (TSE) is the largest of the Canadian-based producers. Its global output in 1993 was about 1.8 million oz., a total it is expected to match or better for many m…
NEW FRONTIERS IN MINING — Cominco hurt by low metal prices
It was a tough year for base metal producer Cominco (TSE) and, according to most analysts, 1994 is not likely to be much better. Year-end results are not yet in, but for the nine months ended Sept. 30…
Takla Star signs deal covering two gold properties in
Under a conditional agreement, Takla Star Resources can acquire two gold properties totaling 27,020 hectares, in Bolivia. The Alberta-listed company also has an option to acquire exploration and devel…
BHP gives nod to platinum mine
Australian mining giant BHP intends to proceed with its Hartley platinum project in Zimbabwe, which will be developed in partnership with Delta Gold, also of Australia. BHP will spend A$310 million (U…
Pangea drills Matheson area play
A newcomer to the Canadian Dealing Network, Pangea Goldfields, has wasted no time in catching investors’ interest. Having first listed on the exchange in early January at $1.85, the company’s shares s…
Patent is granted in U.S. for magnetic mapping technique
A patent for a new magnetic mapping technique has been granted by the U.S. Patent and Trademark Office to Texaco. The technique, known as STARMAG, can be utilized by mineral and energy companies alike…