Tenke seeks copper, cobalt in Zaire
Tenke Mining (TNK-T) will carry out a 40,000-metre drill program in an area between the Tenke and Fungurume copper-cobalt deposits in the highlands of southeastern Zaire.The goal of the 12-month progr…
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Production boosts Louvem’s revenues
ntreal-based Louvem Mines (LOV-T) has passed its first full year as a gold producer since startup, in January 1996, at the Beaufor mine, near Val d’Or, Que.e vein-type lode-gold mine is owned equally …
Chase expands zone at Archangel
Initial drilling by Chase Resource (CQS-T) at its Archangel gold-copper property in the Philippines has expanded the area of known mineralization.Flat-lying zones of sheeted quartz veins and intensely…
Roycefield to produce antimony at Beaver Brook mine this year
Junior Roycefield Resources (RYC-T) has confirmed plans to bring its Beaver Brook antimony mine, in central Newfoundland, into full production in mid-1997.The company reports progress on the following…
THE DIAMOND PAGE — Mountain Lake Resources set to drill concessions in South Africa
Drilling is under way at the Hartbeestlaagte 146 (H-146) and Zwartrand 145 (Z-145) diamond concessions in the Northwest Tansvaal province of South Africa.The concessions, which comprise 83 sq. km, are…
THE DIAMOND PAGE — Ore reserve estimates released — Quarter century of mining estimated for NWT Diamonds operation
The feasibility study for the NWT Diamonds project, near Lac de Gras in the Northwest Territories, proposes the development of five kimberlite pipes over 17 years. However, given the discovery of addi…
GREATEST VALUE TRADED, Mar. 5-11
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Silver Century hits copper in Quebec
Drilling by Silver Century Explorations (SVC-A) has intersected strong copper grades on the Stoke property, northeast of Sherbrooke, Que.The company’s interest in the property was obtained through its…
STOCK MARKETS — Metal markets carry Toronto exchange
The Toronto Stock Exchange gained 150.41 points (or 2.4%) over the report period ended March 11 to close at 6,305.46 points. With the exception of March 10, trading volumes were heavy, with three of t…
$14m financing for Geomaque
Toronto-based Geomaque Explorations (GEO-T) will raise $14 million, most of which will be used to acquire interests in Latin American projects.The company sold 4 million special warrants at $3.50 each…
Noront expands Ontario holdings
Toronto-based Noront Resources (NOT-V) has several new agreements in the offing.* The company has agreed to a 50-50 joint venture with private parties at its 195-claim base metal prospect in Hurdman t…
Odds ‘n’ sods — Cobalt’s canine mascot
By 1909, the northeastern Ontario town of Cobalt boasted a rag-tag downtown consisting of tailors, dressmakers, haberdashers and ice cream makers. The merchants, like the miners themselves, came from …