News

Since operations resumed in August, the Dona Lake mine has produced 5,773 oz. gold. November marks the beginning of full production for the operation, near Pickle Lake, Ont. A monthly rate of 3,000 oz…

Gossan Resources (VSE) has signed an agreement with Cross Lake Mineral Exploration to explore an ilmenite-vanadium-iron property in northern Manitoba. Mineralization in the Pipestone-Cross Lake area o…

Assays of channel samples from Cathedral Gold’s (VSE) Kaburi-Eldorado project in Guyana have proved interesting. Ten trenches were used to test a 650-metre section of the 1,500-metre-long Hicks shear …

Joint-venture partners Western Copper Holdings (TSE) and Thermal Exploration (ASE) produced about 800 lb. of copper cathode during the first month of their pilot-plant project, near this northern comm…

Dundee-Palliser Resources (TSE) will buy an 11.7% interest, representing 17.5 million common shares, in MVP Capital (TSE) for 5 cents per share. A 10% convertible note will be issued for $562,500; the…

The executive body of Wheaton River has not changed as reported in People (T.N.M., Nov. 22/93). The appointments were made to North American Metals, a company in which Wheaton River is a major shareho…

As Ed Horne said three-quarters of a century ago, “all the good geology does not stop at the Ontario boundary.” Bearing in mind the injunction, Arequipa (VSE) is horning its way into Peru along the ex…

Backers of the revolutionary Hydromet copper-production process are planning to build an A$8-million demonstration plant at Port Kembla, Australia. The process reportedly has the potential to extract …

Charlie Peterson will soon celebrate his 80th birthday. And while the years may have slowed him down somewhat, nothing has impeded his determination to find another mine in the heart of Ontario’s Red …

— Week — Nov 23 Nov 22 Nov 19 Nov 18 Nov 17 High Low Composite”300″ 4215.26 4200.17 4238.17 4234.74 4236.50 4248.41 4188.82 Metals&Minerals 3288.64 3277.35 3281.65 3241.32 3197.15 3304.12 3189.06 In…

Diamond hunters in Saskatchewan and Manitoba may soon have a new target area if the latest Lithoprobe survey over the Trans-Hudson Orogenic belt confirms the presence of a new Archean-aged craton. Sei…

Engineering-construction firm Bechtel reports that associations it has made in Mexico, Venezuela, Chile and Brazil have begun to bear fruit. Bill Friend, in charge of the company’s Latin America effor…