Weak results from Springer gold bet
Exploration on the King’s Point project, 75 miles south of Deer Lake, Nfld., has yielded disappointing results for Springer Resources (VSE). Although three holes drilled to test geophysical and geoche…
News
Noranda moves 5 rigs on to Lynne in rush to complete winter
Noranda Exploration, a unit of Noranda (TSE), has moved five rigs on to the Lynne property, about one hour’s drive from this tourist town, in an attempt to delineate the deposit before spring breakup….
SOQUEM options Canspar property
SOQUEM, the Quebec government’s mineral exploration company, has acquired the right to earn a 50% interest in Canspar Resources’ (ME) Portage du Fort dolomite property north of Hull, Que. The 14-claim…
Writeoffs deepen Total Energold loss
A writedown of $20.5 million helped push Total Energold (TSE) further into the red for the year ended Dec. 31. Total Energold recorded a loss of $28.1 million for the year on revenues of $46.9 million…
Cameco drops Marlin option
After completing a 5-hole drill program, Cameco has dropped its option on a gold property owned by Golden Marlin Resources (VSE) near Yellowknife, N.W.T. Cameco had the right to earn a 51% interest in…
TVX Gold probes potential of Casa Berardi claim group
In a bid to boost its North American gold reserves,MDBO TVX Gold (TSE) is continuing an aggressive exploration program this year on its large Casa Berardi claim group in northwestern Quebec. The searc…
Noranda reports Lynne reserves, limited potential seen for increase
Results from the first 39 holes completed at the Lynne project in Oneida Cty., Wis., indicate the property contains preliminary reserves of 6.14 million tons grading 7.10% zinc, 0.34% copper, 1.84% le…
Alberta Stock Exchange Gold stocks fade
During the report period ended March 19, the price of gold bullion remained in the doldrums at around US$364 per oz., causing several speculative mining stocks to drift lower amid lacklustre trading. …
China plans new copper smelter
A new 100,000-tonne-per-year copper smelter, to cost US$150-200 million, is being planned for China by CNNC Shanghai Smelter, the Cable and Wire Group of Shanghai, and Philipp and Lion, the publicatio…
Great Lakes Minerals keys on advanced-stage projects
One of the new juniors growing by leaps and bounds is Great Lakes Minerals (TSE). Listed last July, the company already has three promising copper properties in the Keweenaw Peninsula of northern Mich…
EDITORIAL This award’s a winner In the Grand Scheme of Things,
A new one, being offered by Du Pont Mining Services and Conoco, may not set the world on fire either, but it is welcome nonetheless. Called the Environmental Leadership Award, it will go to a mining c…
Placer plans for base metals
Since taking over the helm of Placer Dome (TSE) in 1988, Anthony (Tony) Petrina has overseen a flurry of mine-making that has enabled the international company to reach a gold production target of 1.4…