Terneras feasibility study on track
In the late 1500s, Spanish explorers began finding high-grade polymetallic mineralization in the San Lorenzo mountains in north-central Mexico. More recently, Canadian joint-venture partners William R…
News
MINING IN MEXICO — Infill drilling planned at Cuatro
A program of infill drilling is planned this year for the Cuatro Hermanos porphyry copper project in Sonora state, Morgain Minerals (VSE) reports. Cost of the drilling is estimated to be US$3.5 millio…
Pouliot appointed Ontario’s acting mines minister
Ontario Premier Bob Rae has appointed Gilles Pouliot as acting minister of northern development and mines. He replaces Shelley Martel, the Sudbury East representative who recently resigned from cabine…
International Gold exploring West African gold project
Toronto-listed International Gold Resources (IGR) has finished an initial exploration program on its Youga gold property in Burkina Faso, West Africa. The work consisted of mapping and geochemical sam…
DIAMOND PAGE — New player in N.W.T. diamond hunt
WMC International, a subsidiary of Australian mining giant Western Mining Corp. Holdings, has become a player in the search for diamonds in the Northwest Territories. WMC recently signed a deal with L…
London Metal Exchange — Metal prices
Spot closing prices in $US per tonne Date Oct 18 Oct 17 Oct 14 Oct 13 Oct 12 Copper 2485.5-2486.5 2481-2482 2483-2485 2490-2491 2511-2513 Lead 643.5-644.5 640-641 641.5-642.5 634-635 634.5-635.5 Zinc …
STOCK MARKETS — Debt-related fears unsettle TSE
Tough deficit talk by Finance Minister Paul Martin failed to inspire investors, the result being that the Toronto Stock Exchange remained flat over the 5-day report period ended Oct. 18. The composite…
Inco outlines new deposit
Nickel giant Inco (TSE) has discovered a high-grade deposit near Thompson, Man. Known as Pipe Deep, the deposit is 20 miles south of Inco’s Thompson processing facilities and 1 mile from the Pipe 2 mi…
EDITORIAL PAGEA — One step forward, two back
Several years ago, Venezuela took steps to revitalize its near-dormant mining sector by adopting a more favorable tax structure and promising to reform its mining laws. Optimism was high that the coun…
NEWS ROUNDUP — Garde, Diabior find gold zone
Chip samples from a 30 sq.-mile property in the James Bay Lowlands of Quebec have led to the discovery of a gold-bearing zone. The discovery was made as Montreal-listed partners Garde Societe d’Explor…
MINING IN MEXICO — Asarco completes Grupo deal
Base metal producer Asarco (NYSE) recently completed its transaction with Grupo Industrial Minera Mexico (Gimmex), combining Mexico Desarrollo Industrial Minero (Medimsa) into a new public company kno…
MINING IN MEXICO — The rich history of the mines of Real de
The mines of “El Real de Minas de Nuestra Senora de la Limpia Concepcion de Guadalupe de los Alamos de Catorce,” in the state of San Luis Potosi, were discovered in 1772 and, until they went out of bu…