Exall banking on small-scale mine for cash
Small-scale production on an alluvial gold deposit on the Yaqui River in Sonora, Mexico, is under way, Exall Resources (TSE) reports. The company has stockpiled 45,000 cu. metres of mineralized gravel…
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NovaGold builds land position in Baie Verte, Newfoundland
Toronto-listed NovaGold Resources has bought four properties on the Baie Verte Peninsula in north-central Newfoundland. The properties are near the company’s Pine Cove deposit, which has a minable res…
Cameco signs deal with Kazakhstan
Toronto-listed Cameco has signed a deal to help develop uranium deposits in Kazakhstan, a former republic of the U.S.S.R. The 10-year agreement calls for Cameco and Uranerz Exploration & Mining to sha…
Open pit begun at Casino project
With drilling continuing at the Casino copper-gold project in southwestern Yukon, owner Pacific Sentinel Gold (VSE) has released a preliminary estimate of reserves for a starter pit within the larger …
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…
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…