News

The whirlwind of base metals prices is as wild as ever, owing to the sales policies of producers over recent years. Those policies consist of selling all output at the best price the market can provid…

With its corporate restructuring now complete, MinVen Gold is now known as Dakota Mining (TSE). The company eliminated its debt with a US$11-million private placement, leaving about US$7 million in ca…

An initial 2,800-metre drilling program is planned at the San Bernardino gold prospect in Bolivia for October. Orvana Minerals (TSE), which has a 35% interest in the project, said the drilling will te…

A lawsuit launched in 1990 by BDG Pacific Resources (VSE) against Teck (TSE) has been scheduled for trial on Sept. 19, 1994. BDG Pacific, formerly Bridger Resources, alleges that Teck breached an agre…

Toronto-listed Teck has intersected a zone of stratabound zinc and lead mineralization at the Driftpile property in the Williston Lake area of eastern British Columbia. Ten holes from the 13-hole summ…

Toronto-listed Newhawk Gold Mines has returned high-grade gold values from several targets on its Sulphurets property, north of Stewart, B.C. So far, 25 holes totaling 10,600 ft. have been drilled on …

When Prairie farmers suffer a devastating drought, the House of Commons immediately erupts. The federal government cannot say enough nor do enough to calm opposition critics. Usually, the net result i…

I would like to express my concern with some of the statements contained in “Green revolution spawns expensive red tape” (T.N.M., Aug. 30/93) by Jack Dupuis. Ontario has moved a long way during the pa…

A new zinc pressure-leach plant is operating at Hudson Bay Mining & Smelting’s facilities in Flin Flon, Man. The plant, which can produce 104,000 tons of slab zinc per year, uses technology developed …

Having finished a $225,000 exploration program, Cameco (TSE) has elected to continue its option agreement with Trev (ASE) in the Stewart camp of northwestern British Columbia. Cameco will continue to …

Underground developers are gearing up at the Getchell mine in Humboldt Cty., Nev. FirstMiss Gold (NASDAQ) started open-pit, heap-leach operations in 1985 and constructed a mill to process open-pit, su…

Regarding the letter “Beware of pessimists, investors warned” (T.N.M., Sept. 6/93), certain comments were made by the author which warrant a response. It is clear from the comments and numbers that Wa…