Charges against Hemlo dropped
Ten charges brought against Hemlo Gold Mines (TSE) under the Federal Fisheries Act, the Ontario Water Resources Act and the Environmental Protection Act, all related to the Golden Giant mine in the He…
News
Pacific amends terms of purchase
Pacific Cassiar (TSE) says it has received approval to amend its normal course issuer bid to purchase on the open market through the facilities of the Toronto Stock Exchange up to 10% of the public fl…
Myra Falls drilling — Westmin targets new reserves
Exploration success is being achieved by Westmin Resources (TSE) on four separate areas of its Myra Falls mine property about 90 km by road from this scenic Vancouver Island community. The company has…
Property portfolios take on growing international look
Turkish copper project of Cominco Resources nears feasibility stage — News item Goldbelt Mines looks to two former Soviet republics for joint venture projects — News Item Falconbridge Ltd. to close …
Instability should augur well for the price of gold
Noted in a parking garage, appropriately mounted on a gold-colored car, was this personalized license plate: DIG4 AU. In these times of a depressed gold price battling to hold US$350 per oz., it is re…
Market booms triggered by intensity of exploration
Mining’s current slump once again testifies to the traditional cyclical nature of this feast or famine business, depending of course on the price of metals. But stock markets are something else. Here,…
Juniors find innovative ways to fund development
What exploration needs most in Canada is a good discovery, says Fenton Scott, President of the Prospectors and Developers Association of Canada. At a time when juniors are having trouble raising even …
CAD a handy design tool
When visiting mining operations and mineral exploration offices in North America, one is often struck with the high level of automation of the tasks performed by the draftperson, geologist and mining …
Earth sciences gallery campaign
The Royal Ontario Museum in Toronto is trying to raise $5 million to finance construction of an earth sciences gallery. The museum says it has been about 12 years since it had such a facility, and it …
Gold an exception to declining reserve trend
Compared with 1981, Canada’s reserves of copper, nickel, zinc and silver in 1991 were down by about one-third. They dropped by almost 40% for lead and were off by 65% for molybdenum. Although reserves…
Cambior extends Giant program
The second phase of an undergrund exploration program at the Sleeping Giant gold project 40 miles north of Amos, Que., has been extended, Cambior (TSE), the operator, and Aurizon Mines (TSE) report. M…
Rio Algom increases stake in St. Philips with options
Pursuant to an agreement signed in early 1991, Rio Algom (TSE) recently purchased an additional 296,942 shares of St. Philips Resources (VSE). The purchase, comprised of 259,286 deferred options exerc…