News

Donald Downing appointed president.

Under the recent federal budget, Ottawa will no longer renew federal-provincial Mineral Development Agreements (MDAs) when they expire. The decision is part of the government’s plan to reduce spending…

Underground drilling on Zone 20 at the LaRonde mine in northwestern Quebec continues to yield encouraging results for Agnico-Eagle Mines (TSE). Hole 20-103, drilled 200 ft. below a previous high-grade…

Steven Stetsco appointed director.

The first phase of metallurgical testing at the Omni polymetallic project in the Yukon is complete, reports Wheaton River Minerals (TSE). At Lakefield Research, a mineral-processor near Peterborough, …

Ritchie Bogle appointed president; Ralph Klimove, Kenneth Holmes and Helen Baker appointed directors.

Market conditions have entered a period of unusual volatility. Refinery producers of all metals are aggressively selling product to maintain market share, keep costs low and reduce inventories. Unless…

It was interesting reading the Odds ‘n’ Sods story “The San Antonio gamble” (T.N.M., Apr. 19/93). I wish to add that Capt. A.H. Farrington flew out the San Antonio mine’s first gold brick to the railh…

Shareholders of Matlock Mining of Australia have approved the sale to Miramar Mining (VSE) of Matlock’s interests in two Cuban projects. Miramar now holds a 50% interest in the Hierro-Mantua copper le…

Drilling on the Huckleberry property near Kemano, B.C., has confirmed the presence of a new zone of copper mineralization about 4,000 ft. east of the main deposit. New Canamin Resources (VSE) discover…

Copper, one of the few industrial metals to maintain its value in the current depression, has lost its shine and suffered steep reverses in recent weeks. The metal recently reached a five-and-a-half-y…

Confident that it is on the heels of an environmental breakthrough, St. Genevieve Resources (TSE) has cast its first ingot containing gold and silver ore at its Norebec-Manitou pilot recycling plant. …