Black Swan at odds with Goldbelt
A new dispute is brewing between Black Swan Gold Mines (TSE) and Goldbelt Resources (VSE). The companies are at odds over a settlement agreement made in January, 1992, regarding the Leninogorsk gold t…
1994
AMERICAS — Ancient mining site uncovered in Chile’s Atacama
Of all the deserts in the world, the Atacama in northern Chile is the most desolate. Little or no measurable precipitation is recorded annually. There are vast stretches where not a single blade of ve…
Noranda boosts earnings
Improved second-quarter and first-half results are attributed by Noranda (TSE) to stronger prices and improved sales volumes for many of the company’s principal products and to more favorable currency…
Aur to deep-drill Mainstreet
A 2-hole, deep-drill program is under way on Beaufield Consolidated Resources’ (VSE) Mainstreet copper-zinc property in Louvicourt Twp., Que., project operator Aur Resources (TSE) reports. The aim of …
World Wide set to resume drilling
A second phase of drilling is expected to begin shortly on World Wide Minerals’ (TSE) Easter project in Nevada. The new program, designed to increase reserves, is a followup to a 21-hole program carri…
Global theme to CIM meeting
More than 500 scientists from 30 nations are expected to attend the Aug. 21-25 conference in Toronto hosted by the Metallurgical Society of the Canadian Institute of Mining, Metallurgy and Petroleum. …
EDITORIAL PAGE — The school of hard knocks
A sobering dose of reality hit the Canadian diamond play this past week as disappointing results were released by Kennecott Canada from the DO-27 (Tli Kwi Cho) kimberlite in the Lac de Gras region of …
AMERICAS — Chile and Mexico draw globetrotter Cominco Int’l.
Geologists working for Cominco Resources International (TSE) are ensuring that their company lives up to its name. This year’s activities include searching for porphyry copper deposits in Chile’s Atac…
Vengold decides against acquisition of St. Philips
The proposed acquisition of all the shares of St. Philips Resources (VSE) by Vengold (TSE) will not proceed. Vengold had offered to purchase all the issued shares of St. Philips in return for Vengold …
DIAMOND PAGE — Sampling program for Nicholas Bay pipe
Partners SouthernEra Resources (TSE), Winspear Resources (VSE) and Adex Mining (TSE) plan to carry out a 2-3 tonne mini-bulk-sampling program on their newly discovered Nicholas Bay diamondiferous kimb…
STOCK MARKETS — Disappointing DO-27 results spur western
Disappointing exploration results out of the Northwest Territories helped spur a continued slide in western markets. The Vancouver Stock Exchange resource index took it on the chin, plunging 121.73 po…
METALS COMMENTARY — Summer doldrums rule metal markets
Despite higher-than-normal stainless mill demand, metal prices remain in their seasonal doldrums with only the rumor mills really active. There is massive speculation about 1994 Russian production lev…