Manitoba Mineral sells Trout L. stake
Residents of Flin Flon, Man., received good news this week when Manitoba Mineral Resources (MMR), a crown corporation, sold its 27% interest in the Trout Lake base metal mine to Hudson Bay Mining & Sm…
1994
Lakefield offering
Toronto-based Lakefield Minerals (CDN) has completed its initial public offering of shares through investment dealer McDermid St. Lawrence Chisholm. The offering enabled Lakefield to raise net proceed…
Orvana exploring Butte Highlands
Exploration is under way on the Butte Highlands gold property in Montana. Owner Orvana Minerals (TSE) plans to carry out 10,000 ft. of reverse circulation drilling and 15,000 ft. of diamond drilling. …
NEWS IN BRIEF (July 11, 1994)
Camine Resources (KRJ.A:ASE) has changed its name to Beckett Technologies on a share-for-share basis.
Kinross Gold to build new tailings plant in Zimbabwe
International gold producer Kinross Gold (TSE) plans to build a $4.5-million tailings retreatment plant at its Blanket mine in Zimbabwe. The 3,500 tonne-per-day (tpd) carbon-in-leach facility will be …
Redell plans drilling
A private placement of 160,000 units at 64 cents each will enable Redell Mining (VSE) to finance summer drilling on its La Forma gold mine property in the Yukon. The junior will test a potentially hea…
OBITUARY — Donald Bourne
A former chief mine geologist at the Arthur White gold mine of Goldcorp (formerly Dickenson Mines) at Red Lake, Ont., Donald Bourne died recently in Toronto after a short illness. He served as chief g…
Loki plans Brewery Creek startup
By next summer, Loki Gold (TSE) hopes to be in production at its Brewery Creek project near Dawson City, Y.T. Startup for an open-pit, heap-leach gold mine is scheduled for August, 1995, with planning…
ICI pioneers blasting system
A new approach to blasting has led to a 25% increase in productivity, ICI Explosives Canada says. The company’s Underground Bulk Systems essentially provides a method for transporting new bulk explosi…
STOCK MARKETS — Western markets stage a modest rebound
Western markets managed to halt their slide and rebound slightly over the report period ended July 5, at a time when the gold price held steadily at the US$387-per-oz. level. The Vancouver Stock Excha…
FREE MARKET (July 11, 1994)
London Metal Exchange Spot closing prices in $US per tonne Date July 5 July 4 July 1 June 30 June 29 Copper 2471-2472 2454-2455 2423.5-2424.5 2367.5-2368.5 2355-2356.5 Lead 565.5-566.5 567-568 567.5-5…
Barytex drilling
Drilling by International Barytex Resources (VSE) will further test targets on the Mel property, 80 km northeast of Watson Lake, Y.T. This year’s program, budgeted at $400,000, is aimed at firming up …