Cominco Res. options Chachacomiri
Under a joint-venture agreement, Cominco Resources International (TSE) may acquire a 60% interest in the Chachacomiri gold-silver property in Bolivia from Rio Amarillo Mining (VSE). To do so, Cominco …
News
Commodity index continues advance
The commodity price index of The Bank of Nova Scotia advanced 3.7% in November, 1994, representing an 8% increase over the same period in 1993. Surging metal and mineral prices, together with smaller …
EDITORIAL PAGE — The Sword or the Shield?
The North American mining industry should put down its shield and take up its sword when it comes to excessive environmental regulations, according to several industry experts who spoke at the recent …
COMMENTARY — Copper market holds its own
There is no question that the copper market this year has benefited from the strong underlying level of demand, particularly from North America where, following two years of strong growth, the consens…
Minprotech active in Tanzania, Indonesia
AGL Gold Mining, a wholly owned subsidiary of Minprotech Mining (ASE), has entered into a joint venture agreement with United Kingdom-based African Gems. The latter will contribute to the former certa…
Cathedral plans work program in Guyana
Cathedral Gold (TSE) is about to carry out regional exploration on a newly acquired prospecting licence in Guyana. The licence, which covers 4,800 hectares, is the first of four that the company has a…
Hecla, Great Lakes pour first gold
The year ended on a bright note for Hecla Mining (NYSE) and Great Lakes Minerals (TSE) as the partners announced their first gold pour at the Grouse Creek mine in central Idaho. Mining and stockpiling…
Sharpe, Freewest drill Wisconsin play
Partners Sharpe Energy & Resources (VSE) and Freewest Resources Canada (TSE) have drilled their first drill hole in the so-called Wisconsin massive sulphide program. The Sharpe-Freewest program is foc…
Omai expansion planned
Drilling conducted at the Omai gold mine in Guyana has led to a 40% increase in proven and probable reserves, compared with the estimates contained in the original (December, 1990) feasibility study. …
Breakwater completes rights offering
Zinc producer Breakwater Resources (TSE) reports that its previously announced rights offering has been fully subscribed. Proceeds, prior to expenses, were $23.9 million. About $15.5 million will be u…
Hendricks on track at properties
Several developments are reported from Hendricks Minerals Canada’s (CDN) three base and precious metals projects. Assay results are now available from the last hole of the 1994 exploration project at …
1994 A LOOK BACK — Anvil Range makes Grum plans
A group of former employees of Curragh successfully acquired the Faro zinc-lead mine assets of the bankrupt producer. The operation is situated in the Yukon. Anvil Range Mining (TSE), which became a p…