Voisey Bay a major discovery
Ten minutes, maybe 15. That’s about the time it took for prospectors Albert Chislett and Chris Verbiski to realize they had made a potentially significant mineral discovery while examining a prominent…
News
Arimetco to drain Yerington pit
Copper producer Arimetco International (TSE) has reached an agreement with federal, state and local authorities for the dewatering of the Yerington pit in Nevada.The federal government has agreed to s…
NEWS ROUNDUP — Noranda options Keltic ground
The Rio Veraguas and Guayabal concessions in Panama have piqued the interest of Noranda (TSE).The major signed an agreement to earn a 51% interest in the properties from Western Keltic Mines (VSE) whi…
Nelson sets production date
Production at the Zeravshan gold project in Tajikistan is scheduled to begin in early 1996.Nelson Trade & Finance (TSE) has a 49% interest in the project, where construction of a carbon-in-leach plant…
Glamis nixes merger with Golden Queen
A proposed merger of two Toronto-listed companies Golden Queen Mining and Glamis Gold will not proceed.Glamis decided against the amalgamation despite a positive due diligence review of Golden Queen’s…
GeoNova tests two properties
Three gold structures and other targets at the Diomines and Diomines Extension properties in northwestern Quebec were tested during the 1995 winter drill campaign.GeoNova Explorations (ME) reports tha…
Wheaton River plans program
The proceeds of a $2.5-million private placement will be used by Wheaton River Minerals (TSE) to increase the scope of exploration and development this summer at the Golden Bear mine in northwestern B…
Battle Mountain posts profit
On the strength of higher gold production from the Kori Kolla mine in Bolivia, Battle Mountain Gold (NYSE) posted a profit for the first quarter.Net income was US$2.5 million which, after a preferred …
STOCK MARKETS — Precious metals lack lustre; Diamond Fields near $60
The gold price continued to trade sideways and the silver price tumbled during the report period ended May 9. On more upbeat news, the Dow Jones Industrial Average (DJIA) in New York continued to asto…
EDITORIAL PAGE — Reducing risk through hedging
Mining is a risky business.Sometimes the risk takes the form of an operational surprise. In other instances, it may be an exciting drill hole that turns up empty. Still other risks include volatile me…
Chase drills Bai Saripinang
Drills are turning at the Bai Saripinang gold project on the Philippine island of Mindanao.Vancouver-based Chase Resources (TSE) owns a 40% interest in the Philippine firm Bai Saripinang, which owns t…
STOCK MARKETS — Voisey Bay, diamonds fail to spark western markets
Western markets took a breather from the rash of speculation concerning the Voisey Bay area of Labrador and diamonds in the Northwest Territories during the report period ended May 9.The Vancouver Sto…