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NEWS ROUNDUP — Noranda to explore Drag prospect

A recent formal agreement allows a unit of Noranda (TSE) to earn up to a 70% interest in the Drag property about 20 km north of Gold River, B.C. The Vancouver Island prospect covers an area of Paleozo…


Fee changes, MDA may spark Alberta exploration

Mineral exploration has suddenly become affordable in Alberta with the provincial government’s decision to temporarily waive a $10-per-hectare deposit on exploration permits. And a first-ever Minerals…


NEWS ROUNDUP — Fairfield sells ore to Noranda

A 570-ton shipment of high-grade gold ore from the Siwash North gold deposit owned by Fairfield Minerals (TSE) is on its way to the Horne smelter in Quebec. The shipment is estimated to contain 2,000 …


Mining celebrities

The National Mining Hall of Fame and Museum in the U.S. will induct 12 new members Oct. 18 at the Desert Inn and Country Club in Las Vegas, Nev.



BOOKS IN REVIEW — Non-placer gold output levels off

Active Canadian Gold Mines. Published by Metals Economics Group. P.O. Box 2206, Halifax, N.S. B3J 3C4. 500 pages. US$1,600. Canada’s Non-placer gold output levelled off at five million ounces last yea…


Majors drilling Gold Giant projects

Surface drill programs will be carried out this summer to test previously defined gold and polymetallic targets on the Nizi and Snoball properties in northwestern British Columbia. The program on the …


Musto explores Argentine deposit

Major companies are giving Argentina’s mineral potential a closer look now that a capitalist revolution has taken root in the South American country. But the first foreign company to begin a major min…



United Reef soars on diamond play

Diamond fever has struck a dormant TSE-listed penny mining stock with a vengeance. United Reef Petroleums (TSE), which a few weeks ago sold at 2 cents a share, has soared to 42 cents on heavy volume, …


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