First gold poured at Cortez mine
Mining at the Pipeline open-pit deposit has resulted in the first gold pour at the Cortez mine in Nevada’s Crescent Valley.The operation is a 60-40 joint venture between Placer Dome (PDG-T) and Kennec…
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EDITORIAL PAGE — Avoiding conflicts
Last October, in the wake of the Cartaway Resources fiasco and other “controversial incidents” that shook investor confidence and cast a pall over otherwise buoyant equity markets, Canadian securities…
Golden Hemlock hits high-grade gold at San Jose de Gracia project
Golden Hemlock Resources (GHE-V) reports that seven holes drilled on its San Jose de Gracia property, in Mexico’s Sinaloa state, have intercepted high-grade gold values.The holes were drilled on the T…
MOST ACTIVE ISSUES, Mar. 5-11
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American Mineral Fields augments zinc project
Through a wholly owned subsidiary, America Mineral Fields (AMZ-T) has set up an exploration office in Solwezi, Zambia, to explore a large concession in that country’s copper belt.The 1,400-sq.-km conc…
Musselwhite mine yields yellow metal
Placer Dome’s (PDG-T) 68%-owned Musselwhite mine in northern Ontario has poured its first gold.Situated 120 km north of Pickle Lake, the mine is slated to produce 200,000 oz. gold per year for about 1…
Hecla to proceed at La Jojoba
Hecla Mining (HL-N) will proceed with exploration and development of Aquiline Resources’ (AQI-V) La Jojoba gold project in Mexico’s Sonora state.To earn a 60% interest in the property, Hecla will reim…
METAL PRICES — FREE MARKET (March 17, 1997)
London Metal ExchangeMidday bid-ask prices in $US per tonneDateMar. 11Mar. 10Mar. 7Mar. 6Mar. 5…
Mongolia Gold outlines strong anomaly at Bumbat
A property-wide sampling program at Mongolia Gold Resources’ (MGR-V) 49%-owned Bumbat Gold Field property in Mongolia has identified an open-ended gold-in-soil anomaly measuring 1,700 metres long by 2…
Ming terminates Strange Lake deal
Vancouver-based Ming Financial (MF-A) has decided against acquiring the Strange Lake yttrium property in northwestern Labrador from Iron Ore Co. of Canada (IOC).Ming says its decision was based on an …
First year proves golden for River Gold Mines
The first 12 months of production at the Eagle River gold mine, near Wawa, Ont., translated into a strong year for owner River Gold Mines (RIV-T).Earnings for 1996 amounted to $5.9 million (or 19 cent…
Commentary — Mining and elections
The author is the new project manager of Keep Mining in Canada, a grassroots campaign designed to increase awareness of the importance of mining in this country.With an election call fast approaching,…