Dispute settled
The Barry Lake joint venture has settled with Cominco (TSE) and Agnico Eagle Mines (TSE) over disputed claims next to Barry Lake’s Lac Rouleau Zone 18 discovery. The joint venture, a 50-50 deal betwee…
News
EXPLORING FOR DIAMONDS AND THE NORTH — Canadian diamond
Although the current level of diamond exploration in Canada is unprecedented, the hunt began as early as 1863 after diamonds were found in glacial drift around the Great Lakes. Exploration was sporadi…
EXPLORING FOR DIAMONDS AND THE NORTH — Flow-through offering
More than 30 mining companies with combined interests in 32 million acres of diamond exploration property across Canada have entered into share-purchase agreements with Caratax Diamond Exploration Ltd…
EXPLORING FOR DIAMONDS AND THE NORTH — Lac de Gras venture
The diamond exploration project of Dia Met Minerals (TSE) and BHP Minerals Canada has come a long way since the original option agreement was signed in August, 1990. BHP holds the right to earn a 51% …
STOCK MARKETS — Lacklustre gold price hampers western
Gold failed to provide a bounce during the week ended Sept. 14, pausing only momentarily at the US$350-per-oz. level before slipping US$5 per oz. to the US$345 level. The 180 degree turn in sentiment …
METAL PRICES — FREE MARKET (September 20, 1993)
London Metal Exchange Spot closing prices in $US per tonne Date Sept. 14 Sept. 13 Sept. 10 Sept. 9 Sept. 8 Copper 1899-1900 1930-1932 1932-1933 1955-1957 1985-1987 Lead 378-379 379-380 384-385 384-385…
EXPLORING FOR DIAMONDS AND THE NORTH — Great Lakes glacial
On four occasions during the last 1.5 million years, most bedrock surfaces in Canada were scoured by glacial erosion. Diamonds originally present in kimberlite bodies were plucked, transported and sca…
EXPLORING FOR DIAMONDS AND THE NORTH — Botswana home to
The world’s richest mine is in Botswana. A diamond producer, Jwaneng is believed to have made an operating profit of US$700-750 million in 1991, according to Yorkton Securities of London, England. Jwa…
STOCK MARKETS — A drab week on Toronto market
Another drab week for stocks on the Toronto exchange. The 300 Composite Index began our report week at 3,929.33 and ended at 3,971.77. The TSE gold and silver index, however, gained some ground, closi…
EXPLORING FOR DIAMONDS AND THE NORTH — Alberta crawling with
Alberta diamond exploration permit holders have been busy gathering till samples during this unseasonably wet summer in a rush to discover the province’s first kimberlite or lamproite formation. Numer…
El Condor puts Kemess on the block
The advanced status of the Kemess copper-gold deposit has prompted El Condor Resources (VSE) to persuade senior companies that it is worth bringing into production. El Condor is operator and has a 60%…
Yukon encourages new business, tackles high costs of mining
The Yukon government hopes to announce a new energy policy this fall aimed at tackling some of the high costs the mining sector faces during mine development and operation. The move, the territory’s E…