Damoti drilling extends BIF zone
Drilling at the Damoti Lake property north of Yellowknife, N.W.T., is returning encouraging results. Hole D-50 returned a 43-ft. intersection grading 0.094 oz. gold per ton, including a 12.1-ft. secti…
1994
NEWS ROUNDUP — Atlas cements Granges purchase
The sale of Australian-based MIM Holdings’ 37% interest in Granges (TSE) to Atlas (NYSE) is expected to proceed. Following the announcement of the sale on April 28, Granges had 30 days to locate anoth…
NEWS ROUNDUP — Starratt to buy tremolite play
Junior Starratt Nickel Mines (CDN) plans to buy the outstanding shares (together with certain royalty rights) of a private company which owns the Palmerston tremolite property in eastern Ontario. The …
Jordex feasibility
A feasibility study is being carried out on the Loma de Hierro nickel laterite project in Venezuela, Jordex Resources (TSE) reports. Test work at the minesite has been completed and the emphasis has s…
Cameco signs Kyrgyzstan deal
In a bid to diversify, Saskatchewan uranium producer Cameco (TSE) has signed a deal with the Kyrgyzstanian government to develop the Kumtor gold deposit in the eastern mountains of the former Soviet r…
Loki firming Brewery plans
With the mine feasibility study at the Brewery Creek project in the Yukon nearing completion, owner Loki Gold (VSE) is preparing an Initial Environmental Evaluation (IEE) submittal for regulators. Lok…
Detector options play near Musselwhite
Alberta-listed Detector Resources has inked a deal to earn a half interest in Wiscan Resources’ (TSE) Randall Lake gold property in northwestern Ontario. The 102-claim property is in the Opapimiskan L…
Brunswick to reopen Heath Steele
Full operations at the Heath Steele base metal deposit, near Bathurst, N.B., are scheduled to resume later this fall, reports owner Brunswick Mining and Smelting (TSE). The decision to reopen is large…
Behre Dolbear in Chilean joint venture
Mining consulting firm Behre Dolbear & Co. of Denver, Colo., has formed a joint venture with a group of Chilean investors headed by Ing. Jorge Lopez Bain. The new company, Behre Dolbear Chile, will be…
Conference focuses on natives
A conference aimed at improving the working relationship among aboriginal people, the mining sector, the government and schools is planned for June 21-22 in Thunder Bay, Ont. Organizers are hoping the…
EDITORIAL PAGE — Exodus
Are Canadian mining companies somehow letting down the home side by jumping on the global bandwagon and acquiring projects everywhere from Peru to Mongolia? Or have the federal and provincial governme…
Metal Prices — FREE MARKET (June 06, 1994)
London Metal Exchange Spot closing prices in $US per tonne Date May 31 May 30 May 27 May 26 May 25 Copper 2256-2258 N/A 2255-2256 2235-2237 2271-2272 Lead 505-506 N/A 501-502 477.5-478.5 483-484 Zinc …