WWF calls halt to diamond hunt
Concerned about the environmental consequences of mining in the central Arctic, World Wildlife Fund Canada (WWF) has called for a halt to diamond exploration and mine development in the Northwest Terr…
1994
BHP cuts sulphide mineralization near productive Matagami
Early indications suggest that BHP Minerals Canada has made a significant base metal discovery 35 km southwest of Matagami, Que. Three holes recently drilled by BHP on Southern Africa Minerals’ (ASE) …
ODDS’N’SODS — Geco’s canoe-barge service
The Peterborough freight canoe served many purposes over the years and was a sturdy, adaptable craft used by mining operations throughout Canada. The Geco mine in Ontario was isolated in the early exp…
STOCK MARKETS — TSE continues to gain some ground
With Parliament in summer recess and worries about Quebec on hold for the time being, the TSE continued its mid-summer rally this past week. On July 12, the 300 index jumped 27.78 points to close the …
Madsen raises financing for past producer in Red L.
Madsen Gold (TSE) has completed a previously announced $1.2-million private placement. It has also applied for, and expects to receive, a $300,000 grant from the Northern Ontario Heritage Fund, bringi…
Newhawk, Granduc plan Bruceside exploration work
Field work is expected to begin shortly at the Bruceside portion of the Sulphurets property near Stewart, B.C. Newhawk Gold Mines (TSE) and Granduc Mines (TSE) — 60-40 owners, respectively — plan to…
Disbelief turns to support for Witte’s bold move
Stunned disbelief is probably the best way to describe the early reaction to Royal Oak Mines’ (TSE) hostile takeover bid for Lac Minerals (TSE). “Impossible,” said some Toronto-based mining analysts, …
New mines signal growth for Euro-Nevada
The best may be yet to come for Euro-Nevada (TSE), as four new gold mines in the company’s royalty portfolio are being readied for production over the next 24 months. Chairman Pierre Lassonde recently…
Central Crude plans drill work
The new owner of Central Crude (TSE) plans to spend about $500,000 on a definition and exploration drilling program at its Eagle River gold property near Wawa, Ont. At the annual meeting, President Co…
B.C. opportunities attract Aquaterre
Three properties on British Columbia’s coast will be explored this season by Aquaterre Mineral Development, a junior soon to be trading on the Vancouver Stock Exchange. Aquaterre is headed by Thomas W…
Gold Fund invests in Greenstone
The Emerging Market Gold Fund (EMGF) intends to buy US$5 million worth of Greenstone Resources’ (TSE) convertible preferred shares and will be granted warrants to buy US$5 million of that company’s co…
Skyline drilling Aztec property
Drills are turning on the Aztec property in the northeastern Mexican state of Coahuila. International Skyline Gold (VSE), 70% owner, says the first hole of the planned 4,500-ft., 14-hole program confi…