Bioleaching shows promise at O’Brien property
Metallurgical tests on ore from the O’Brien gold mine, a former producer 45 km west of Val d’Or, Que., show that a combination of bioleaching and cyanidation can recover as much as 90% of the gold con…
News
INVESTMENT COMMENTARY — Analysts predict Bre-X climb
With two successful drill programs completed and a meteoric rise in the company’s share price, it is not surprising that many mining analysts are following the fortunes of Bre-X Minerals (ASE) and aff…
CIM luncheon season kicks off
This season’s first luncheon of the Canadian Institute of Mining, Metallurgy and Petroleum (CIM) will be an update on exploration for kimberlites on the BHP-Dia Met joint-venture project.The talk is s…
Mine rescuers are recognized
A ceremony was held recently in Kirkland Lake, Ont., to recognize the bravery and dedication of 145 people who worked for 77 days in late 1993 and early 1994 to recover the bodies of two miners killed…
Yorbeau suspends mining at Astoria
In order to concentrate on minesite exploration, Yorbeau Resources (TSE) has suspended production at its Astoria gold mine near Rouyn-Noranda, Que.Initial results on the exploration program include an…
Inco options the Mag Lake property from Noble Peak
Midasco Gold, an affiliate of Noble Peak Resources (ASE) and Dejour Mines (TSE), has struck a deal with Inco (TSE) to explore the Mag Lake base metal property in the Northwest Territories.The nickel g…
STOCK MARKETS — Canadian projects fuel western markets
Even though junior companies have headed off to every corner of the world in search of new mineral discoveries, the most active issues on western markets continue to be those with properties surroundi…
Golden Shamrock buying into Tasmanian mine
An agreement to buy a 22% interest in an advanced gold project in Tasmania has been signed by Golden Shamrock Mines (TSE). The project, known as the Beaconsfield joint venture, is managed by Australia…
LABRADOR NEWS ROUNDUP — Fairstar to examine two zones
Geophysical results from Voisey Bay-area properties wholly owned by Fairstar Explorations (ME) show two anomalous zones on the company’s North block of claims near the Kingurutik River.The first zone …
Camnor and Gold Giant work Wilby
Two of five holes drilled in the Wilby zone on the Willoughby property near Stewart, B.C., have returned significant gold values.Vancouver-listed partners Camnor Resources and Gold Giant Minerals repo…
Picture brightens at Keystone gold project
Record pit and mill production has secured an operating profit for the Keystone gold project, near Lynn Lake, Man., operated by Granduc Mining (TSE) and 50%-owned by Black Hawk Mining (TSE).A new ball…
First Dynasty completes financing
The securities commissions of Ontario, British Columbia and Alberta have approved the distribution of just over 4 million shares and 4 million warrants to purchase common shares of First Dynasty Mines…