Eldorado snaps up La Colorada
The exercise of a purchase option gives Eldorado (TSE) total ownership of La Colorada, an open-pit heap-leach gold mine in Mexico. The company will pay Campbell Resources (TSE) US$5 million for its 30…
News
EDITORIAL PAGE — Two thumbs up for CANMET
Governments are always criticized for doing things wrong and rarely praised for doing things right. But one government initiative that clearly merits “two thumbs up” is the Canadian Centre for Mineral…
Cusac closes Table Mountain
Milling operations at the Table Mountain property in northern British Columbia have been shut down so that additional reserves can be outlined. Owner Cusac Industries (TSE) put the mine back into prod…
Miramar extends mineralized trends
Underground drilling at Miramar Mining’s (TSE) Con mine near Yellowknife, N.W.T., has intersected extensions to two mineralized trends in areas that previously saw little exploration. The 101-102 tren…
AECL report: Canadian Shield safe for nuclear waste burial
Nuclear waste can be safely buried in the Canadian Shield, according to a federal environmental impact statement. The report, based on 15 years of research by Atomic Energy of Canada (AECL), says spen…
BOOKS IN REVIEW — Kimberlites in British Columbia
Carbonatites, Nepheline Syenites, Kimberlites & Related Rocks in British Columbia, by Jennifer Pell. Published by the British Columbia Ministry of Energy, Mines and Petroleum Resources, Geological Sur…
Cambior increases Argentine exposure
Montreal-based Cambior (TSE) will buy a 40% interest in a company that owns a project with a mineral inventory of 500 million tonnes averaging 0.75% copper, based on a cutoff grade of 0.5% copper. Pac…
Development program for Inco’s Victor deposit
A $72-million development program on Inco’s (TSE) high-grade Victor copper-nickel deposit near Sudbury, Ont., is under way. The program, scheduled for completion over the next three years, will includ…
NEWS ROUNDUP — Strike loses claims to rival
The mining recorder in Ontario’s Larder Lake mining division has made a ruling regarding the conflict between Sudbury Contact Minerals (TSE) and CDN-listed Strike Minerals. The case concerns three dis…
NEWS ROUNDUP — Van Ollie passes on Kremzar play
CDN-listed Van Ollie Explorations and three partners have opted out of a plan to buy the Kremzar gold mine near Wawa, Ont. The companies were to pay Canada Tungsten $2.5 million (of which $500,000 had…
Nickel production costs falling
Nickel production costs have fallen for three consecutive years and are set to decline further in the period 1995-1997, says British research firm Brook Hunt & Associates. In its publication Nickel In…
Drilling on El Dorado project
In El Salvador, a drill program of 8,000 metres is continuing on the gold project known as El Dorado, with crews focusing on three vein systems: El Dorado, La Coyatera North and Nueva Experanza. The p…