ODDS’N’SODS — Diamond drilling in a ghost town
Anyox, B.C., was really a ghost town in those early days (late 1930s). The bank was boarded up, but the Elks Hall was open, where there was a piano to plunk on. Never did find the library, come to thi…
News
STOCK MARKETS — Barrick, other gold stocks hit by royalty
Renewed threats of a federal royalty on hardrock mines in the U.S. hurt the shares of some gold producers with operations south of the border during the week ended March 16. Hardest hit was American B…
Starmin, Adex release assays
Assays for hole 93-1 from the Asia Pacific project are encouraging, partners Starmin Mining (TSE) and Adex Mining (TSE) report. A 694-ft. intersection returned 0.45% copper (and gold values in the ran…
Caledonia seeks alluvial diamonds in N.W.T.
With the acquisition of six properties covering 525,000 acres in the Northwest Territories, Caledonia Mining (TSE) has introduced a new twist to diamond exploration in the area. Pointing to the diamon…
Financing (March 22, 1993)
Hyder Gold — 1,000,000 shs @ 50 cents per sh on a best efforts basis with a minimum subscription of 1,000,000 shs.
Interior Secretary singles out Barrick — Proposed hardrock
American gold producers — among them, many Canadian-controlled mines — are bracing themselves for a proposed royalty on hardrock mines in the U.S. As part of its economic program, the Clinton admini…
Redfern boosts reserves at Tulsequah property
After incorporating 1992 exploration results, Redfern Resources (TSE) says preliminary reserves at its 100% owned Tulsequah Chief deposit increased to 9.4 million tons grading 1.48% copper, 1.17% lead…
EDITORIAL PAGE — A taxing effort
For those who want more money spent on exploration in Canada, a ray of hope shone from an unexpected quarter recently. To wit, the U.S. House of Representatives, where Secretary of the Interior Bruce …
CIM meeting on environmental education
A Chair in Mining Environment has been created at the University of British Columbia (UBC) to address the widespread problem of acid rock drainage (ARD). Dr. Richard Lawrence will discuss ARD at a Mar…
Juniors active in Honduran mineral search
The exploration activities of three North American companies in Honduras are a sign that that country’s mining potential remains solid. In 1990, Breakwater Resources (TSE) acquired the El Mochito zinc…
Gold panning growing in Zimbabwe
With a crying baby on her back, Esnat Chibangara crouches in the fast flowing Pote River and slowly sifts through the fine sand in her bowl for the eighth time. A sigh indicates that the 35-year-old w…
METALS MARKETS — World metals consumption languishes
In all markets, metals consumption continues to languish among members of the Organization for Economic Co-operation and Development. In Japan and Europe, the main consuming areas such as commercial c…