NEWS ROUNDUP — Columbia encouraged by drilling
The first hole drilled this season by Columbia Gold Mines (VSE) on the Spectrum gold property in the Iskut River area of British Columbia returned an 8.5-ft. intersection grading 1 oz. gold per ton fr…
News
NEWS ROUNDUP — Black Hawk drops All-North deal
After completing a due diligence review of All-North Resources’ (VSE) nickel-platinum properties in the Kluane district of the Yukon Territory, Black Hawk Mining (TSE) says it has decided not to exerc…
Mint produces Ontario coin
A scene featuring a majestic jackpine tree and resembling a Group of Seven painting graces the reverse of the Ontario coin in the Canada 125 Coin Program. The first of the coins to be minted was unvei…
NEWS ROUNDUP — Cambior acquires property in Chile
Cambior (TSE) has acquired a 100% interest in the Polo Sur copper property in Chile from Shell Chile S.A. at an undisclosed price. Polo Sur is 75 miles northeast of Antofogasta in northern Chile and c…
NEWS ROUNDUP — Tri Origin finishes geophysical program
Toronto-based Tri Origin Exploration (TSE) reports that it has completed a surface and downhole geophysical program on its Lewis Ponds base metal property in Australia. Meanwhile, hole TLPD-5, drilled…
Deal opens Monopros to scrutiny
The secretive Canadian arm of South African diamond giant De Beers stepped into the public forum for the first time in years by recently agreeing to form a joint venture with Aaron Oil (ASE), a Calgar…
Blasting triggers fatal landslide
A landslide apparently triggered by indiscriminate mining and blasting recently left at least 78 people dead and 44 hurt, according to a UPI story of a Press Trust of India report. The accident occurr…
PRODUCER PRICES (August 17, 1992)
ALUMINUM: MW U.S. market US60.00-61.75 cents per lb. (Jul. 30, 1992). ANTIMONY: New York dealer US78-88 cents per lb. (Jun. 11, 1992). BISMUTH: New York dealer US$2.35-2.70 per lb. (Jun. 11, 1992). CA…
Quinto advised to focus on graphite
A recently completed engineering report by Consultant Darryl Drummond recommends Quinto Mining (VSE) evaluate its Lumby property in south-central British Columbia on the basis of its graphite potentia…
NEWS ROUNDUP — Coleraine sample tested overseas
Encouraging results have been received from metallurgical tests carried out in Germany on a sample from the Hall chromite deposit at Thetford Mines, Que., Ressources Minieres Coleraine (ME) reports. T…
De Beers rep visits Alberta
A recent rare courtesy call by a representative of highly-secretive diamond merchant De Beers to Alberta has the local mining community buzzing, but not much more enlightened about De Beers’ plans for…
NEWS ROUNDUP — Bethlehem drills Rain property
Copper-zinc producer Bethlehem Resources (TSE) recently started a limited drilling program at its Rain property in the hopes of finding additional mill feed for its 50% owned Goldstream mine near Reve…