Roca Roja operating Mexican heap-leach property
The wholly-owned Mexican subsidiary of Walhalla Mining of Australia officially opened, in mid-November, its Amelia heap-leach gold mine in the hills of northern Sonora state. Minera Roca Roja was plan…
1993
Golconda drilling California gold play
Drilling has begun on Golconda Resources’ (ASE) Star City gold deposit in California. Previous work outlined a large reserve of low-grade gold mineralization minable by open-pit and heap-leach methods…
EDITORIAL PAGE — Bad timing
In case anyone needed reminding that Canadian mining has entered a new era, in which projects must be justified in terms not merely of economics but of environmental and social concerns as well, they …
LETTERS TO THE EDITOR — MPs and their big pensions
Canadians shouldn’t lose too much sleep worrying about all those Members of Parliament (MPs) who were fired Oct. 25. That’s because 73 of them instantly qualified to start collecting their gold-plated…
Major nickel producers are in cost-cutting mood
The nickel industry has reacted to lower prices by cutting costs. A study by research firm Brook Hunt & Associates of England says producers have chosen not to reduce production by a meaningful amount…
Hemlo hits gold in Sugar zone
Hemlo Gold Mines (TSE) has drilled 0.5 oz. gold per ton over 12.5 ft. on the White River project near Ontario’s Hemlo camp. The company is earning a half interest in the project. Partners Akiko Gold R…
Metal Prices — FREE MARKET (November 15, 1993)
London Metal Exchange Spot closing prices in $US per tonne Date Nov. 9 Nov. 8 Nov. 5 Nov. 4 Nov. 3 Copper 1637-1638 1641-1642 1653-1654 1627-1628 1620-1621 Lead 398-399 395-396 399-400 393-394 392-393…
Westward selling Preview project
Faced with a financing deadline, Westward Explorations (VSE) will sell its 20% interest in the Preview Lake gold project in Saskatchewan. Cameco and Uranerz Exploration and Mining, which hold 50% and …
Welcome North restructuring
Following completion of a $2-million private placement and a share consolidation, Welcome North Resources (VSE) will retain M.O.F. Management to manage the company’s investments. Welcome North operate…
Arizona Star sticks with Aldebaran
A positive pre-feasibility study of the Aldebaran property in Chile has prompted Arizona Star (VSE) to proceed toward completion of a final study. Arizona Star is earning a 51% interest in the propert…
Nunavut open for business (November 15, 1993)
Canada’s aboriginal people are sometimes accused of being anti-development. But nothing could be further from the truth, according to Paul Quassa, president of Nunavut Tunngavik, a corporation compose…
Underground expansion in the cards at Campbell mine?
Officials of Placer Dome (TSE) are seriously considering extending the life of the Campbell gold mine in Balmerton, Ont. The estimated price tag: $40 million. “We are assessing various options for dev…