Inco develops nickel foam
Nickel giant Inco has a new value-added product: nickel foam. In the research phase for the past two years, nickel foam has been under development at Inco’s Copper Cliff refining nickel circuit in nor…
News
NEWS ROUNDUP — Rio Narcea hits high-grade gold
Three diamond drill holes have intersected high-grade gold mineralization at the Spanish property known as El Valle-Boinas. Rio Narcea Gold Mines (TSE) reports that VAL-46, drilled to confirm previous…
Norcan exploring Venezuelan project
Upon completion of a proposed $2-million financing, Norcan Resources (VSE) should be in good financial shape to begin exploring the NCJ-La Trinidad project in Venezuela’s El Dorado district, in Boliva…
Falco drilling Kidd Creek zone
Recent drilling by Falconbridge (TSE) has returned encouraging results from the company’s Kidd Creek No. 3 mine near Timmins, Ont. Four new holes, drilled between the 2,380- and 3,000-metre levels, in…
PRODUCER PRICES (October 31, 1994)
ALUMINUM: MW U.S. market US80.5 cents-82.00 per lb. (Oct. 13, 1994). ANTIMONY: MW New York dealer US$2.80-2.90 per lb. (Sept. 29, 1994). BISMUTH: MW New York dealer US$3.90-4.30 per lb. (Sept. 29, 199…
Canmine calculates tonnage
Following a summer drill program, Canmine Resources (ASE) has calculated a reserve figure for the Island zone on its Fer polymetallic property near Flin Flon, Man. Based on an area of influence of 50 …
Goldbelt closer to production at Leninogorsk tailings
Funding and permitting are moving ahead at Goldbelt Resources’ (VSE) Leninogorsk gold tailings project in Kazakhstan. On the same day that the Overseas Private Investment Corporation (OPIC) signed an …
Pangea exploring Tanzanian gold projects
Having revised its mining and investment laws after almost 25 years of socialist rule, a new era of mineral exploration appears to be dawning in this East African republic. Poised to take advantage of…
WAMIC organizes fund-raising event
The Women’s Association of the Mining Industry of Canada (WAMIC) is planning its annual fund-raising event Nov. 17 at the Ontario Club in Toronto. The club is situated at Commerce Court South at the c…
NEWS ROUNDUP — Argosy, Fleck in joint venture
In an attempt to diversify, Argosy Mining (VSE) has formed a joint venture with Fleck Resources (VSE) to acquire a 60% interest in the Dunka Road copper-nickel deposit in Minnesota. To do so, Argosy m…
STOCK MARKETS — Higher bond yields drag down TSE
Strengthening bond markets had a negative impact on the Toronto Stock Exchange over the 5-day reporting period ended Oct. 25. The composite 300 index dropped 73.19 points to end the week at 4,242.77. …
MINING IN MEXICO — The lost silver triangle of the Sierra
The North American continent still harbors a vast mountain range that few Anglo-Americans have seen — an awesome land cut by perpendicular canyons and towering peaks, a forbidding wilderness virtuall…