COMMENTARY — Repelling a black bear attack
Prospecting is a unique career as it requires definite survival skills. This is especially true in Canada, where prospecting stories are manifold. I was recently staking claims in Skead Twp., about 5 …
News
LETTERS TO THE EDITOR — Making paper as good as gold
There may be a bright side to the chronic gold sales by the “central bankrupts” and generous offerings by large central banks in the loan-lease market. Some observers feel that this has helped governm…
Global output of sulphuric acid on the increase
World production of sulphuric acid will rise to 42 million tonnes by 2005, a 49.5% increase from the 1992 level, according to a prediction by Metals Economics Group of Halifax, N.S. Environmental cons…
Canarc plans drill program for new zone at Polaris-Taku
Surface work on the Polaris-Taku property in northwestern British Columbia has identified a 5,000-ft. northerly strike extension of the property’s three main vein systems. Property owner Canarc Resour…
STOCK MARKETS — Yellow metal’s performance leaves
Gold’s performance in the week ended Oct. 11 proved disappointing, as it finished down US$5 per oz. at the US$387-per-oz. level. A Muscovite with a few ounces tucked away under the mattress would, of …
Native conference in Calgary area
The Tsuu T’ina First Nation in Alberta will host a conference dealing with resource development on traditional aboriginal territories. The event, scheduled for April 23-26, 1995, will be held both in …
Bema raises US$33 million
To finance construction of the Refugio open-pit mine in Chile, Bema Gold (TSE) will raise US$33 million from a private placement of 330,000 special warrants. The units are exchangeable into 7.5% conve…
Commodity index rises slightly (October 17, 1994)
The commodity price index of the Bank of Nova Scotia rose by 0.6% in August, despite seasonally weak metal and agricultural prices. The all-items index is 11.2% higher than it was at this time last ye…
Madsen suing Ontario gov’t
Junior Madsen Gold (TSE) is taking the Ontario government and the Local Services Board of Madsen in the Red Lake area of northwestern Ontario to court. The company is seeking damages from the ministry…
Dunlap drilling Century property
Drills are turning on the Century gold property in Idaho. Dunlap Resources (VSE) is earning a 60% interest in the project from Cactus West Explorations (VSE) by spending US$1 million. Geological mappi…
Castle plans drill programs for pair of Mexican properties
Junior Castle Minerals (VSE) is planning a 3,000-metre drill program for its Cerro Agujerado property, and another for its Lajita property. Both projects are in the northwestern Mexican state of Duran…
Assays reported from Hislop-Beatty
Partners Glimmer Resources (VSE) and Hemlo Gold Mines (TSE) have announced new drill results from the Hislop-Beatty property in northeastern Ontario. The best intersections were in holes 94-137 and 94…