EDITORIAL PAGE — Who is conning whom?
In October of this year, Paul Birckel, chief of the Champagne and Aishihik First Nations, fired off a letter to British Columbia Premier Michael Harcourt asking the government to withdraw its support …
News
ODDS’N’SODS — Early bush pilots operated with a sense of
When I was busily involved in mineral exploration in Ontario in the early 1950s, I met a young bush pilot named Hong Mar. He was flying for Canadian Superior Air Services at the time, following a peri…
Metall selling Mobrun royalty to Cambior
Toronto-based Metall Mining (TSE) has agreed to sell its 4% net smelter return (NSR) royalty on production from the Mobrun polymetallic property of Audrey Resources (TSE) for $11 million to Cambior (T…
NEWS ROUNDUP — MIM selling Asarco shares
Australian firm MIM Holdings is selling 9.5 million shares of Asarco (NYSE) at US$28 per share in an international offering. Of that total, a U.S. syndicate is offering 6.6 million shares; the interna…
NEWS ROUNDUP — Anvil completes $30m offering
The sale of a $30-million offering of flow-through shares and silver royalty certificates is complete, Anvil Range Mining (TSE) reports. The company plans to use the funds for stripping of its Grum de…
Inco opens new coating facility
Phase one of the $17.3-million nickel coating facility of Inco Europe in Wales was recently inaugurated by Canadian High Commissioner Royce Frith. The high-tech project, at the Inco nickel refinery at…
Old Weedon mine site undergoes reclamation
It cost almost $4 million to reclaim an old copper mine site at Weedon, Que., about 100 km east of Sherbrooke. The work at the old mine site, which was fully operational in the 1950s, was wrapped up i…
Resource outlined at Caber
Vancouver-based BHP Minerals Canada has completed a third phase of diamond drilling on Southern Africa Minerals’ (ASE) Caber base metals property near Matagami, Que. The first phase tested the contact…
Battle Mountain poised to produce more gold
Houston-based Battle Mountain Gold (NYSE) is expected to increase its gold production in 1995 and in succeeding years. A preliminary business plan projects a 17% increase to 565,000 oz. in 1995 from 4…
IGR drill program confirms Bibiani potential
A drill-indicated resource has been estimated for the Bibiani project in Ghana, West Africa. The deposit, owned by Toronto-listed International Gold Resources (IGR), contains about 10.5 million tons a…
Cusac confirms mineralized vein
At the Table Mountain gold property in northern British Columbia, preliminary work has begun on the western extension of a new structure identified as the Big Vein. The work coincides with advancement…
Asarco strives to meet objectives
To date, Asarco (NYSE) has spent nearly $1 billion in an effort to move the thrust of its operations away from custom smelting and refining, and more towards copper and lead production. The money was …