Mining Games set for Montreal
The fifth annual Canadian Mining Games are scheduled for March, 1995, in Montreal. The events are designed to challenge the students’ knowledge of and skill in a wide range of mining aspects. Past eve…
News
STOCK MARKETS — Base metals add vigor to Toronto Exchange
Fueled by increases in base metal prices, the Toronto Stock Exchange 300 composite index gained just over 100 points to close at 4,269.15 for the week ended May 17. The mines and metals subgroup, lead…
Orcana teams with Outokumpu
Finnish conglomerate Outokumpu Mines plans to earn a 55% interest in the San Carlos property from Orcana Resources (VSE). The property is situated in Mexico’s Sonora state, and Outokumpu can earn the …
FINANCING (May 23, 1994)
Black Hawk Mining — 4.6 million common shares and 2.3 million common share warrants @ $1 per special warrant. Richmont Mines — 2.5 million common shares issuable upon the exercise of previously issu…
PRODUCER PRICES (May 23, 1994)
ALUMINUM: MW U.S. market US62.00-64.00 cents per lb. (May 5, 1994). ANTIMONY: MW New York dealer US76-80 cents per lb. (June 10, 1993). BISMUTH: MW New York dealer US$2.35-2.65 per lb. (Sept. 23, 1993…
Red Rock expansion nearing completion at Goldfield project
Expansion of the Goldfield project in Nevada is proceeding on schedule, with completion expected by June. Heap-leach operations are being upgraded to process up to 80,000 tons of ore per month. It is …
Geoscientists focus on acid mine drainage
With the addition, in recent years, of hydrogeology and environmental geology, the Earth Science Department of the University of Waterloo has become the largest such department in Canada. It is only f…
LAST BUT NOT LEAST — Holmer options 5 Cuban concessions
In Cuba, Holmer Gold Mines (ASE) has optioned five additional concessions totaling 1,730 sq. km. Four of the concessions, comprising 1,318 sq. km, are in the Pinar del Rio camp of western Cuba. Holmer…
LAST BUT NOT LEAST — Keylock exploring Slovakian gold bet
Two gold- and silver-bearing structures are being evaluated on Keylock Resources’ (ASE) concession in Slovakia. The concession is in the centre of a large Tertiary-aged cauldera which has a history of…
Barrick’s Goldstrike granted patents
The U.S. subsidiary of American Barrick Resources (TSE) has been granted patents giving it full title and ownership of the Goldstrike property in Nevada. To date, the company has contributed $1 billio…
William drilling at Delestre
Drillers have intersected massive sulphides at the Delestre gold property northeast of Senneterre, Que. A section from one of the four holes cut 1.5 metres grading 3.2 grams gold per tonne at a depth …
STOCK MARKETS — Copper surge fails to ignite western
A surge in major markets in central Canada failed to spill over into western markets during the report period ended May 17. The Vancouver Stock Exchange composite index recorded a 16.51-point drop to …