NEWS ROUNDUP — Argosy, Fleck in joint venture
In an attempt to diversify, Argosy Mining (VSE) has formed a joint venture with Fleck Resources (VSE) to acquire a 60% interest in the Dunka Road copper-nickel deposit in Minnesota. To do so, Argosy m…
1994
STOCK MARKETS — Higher bond yields drag down TSE
Strengthening bond markets had a negative impact on the Toronto Stock Exchange over the 5-day reporting period ended Oct. 25. The composite 300 index dropped 73.19 points to end the week at 4,242.77. …
MINING IN MEXICO — Farallon plans exploration programs for
An exploration program is planned by Farallon Resources (VSE) at the Cobre Gigante and Mega Cobre copper concessions in northern Baja, Mexico. Farallon may earn a 70% interest in the concessions from …
MINING IN MEXICO — Eldorado puts down roots in Mexico
During the next five years, Eldorado (TSE) aims to increase its annual gold production to 100,000 oz. by developing several medium-sized operations in Mexico. To make the grade, the mines must have lo…
Inco outlines new deposit
Nickel giant Inco (TSE) has discovered a high-grade deposit near Thompson, Man. Known as Pipe Deep, the deposit is 20 miles south of Inco’s Thompson processing facilities and 1 mile from the Pipe 2 mi…
MINING IN MEXICO — Centre provides support services
A Canadian exploration service group with Mexican professionals trained in Canada and the U.S. has set up the CANAMEX Centre in Hermosillo. There are four general categories of mining support services…
MINING IN MEXICO — Penoles developing La Cienega project
Preparing La Cienega mine in the northwest of Durango state for underground production this year is the Penoles group. The project’s deposits sit in a 4-km-long system of quartz veins and host gold-si…
Windy Craggy phantom haunts CIM gathering
Halloween was still weeks away, but that did not prevent the ghost of Windy Craggy from stalking the District 6 annual general meeting of the Canadian Institute of Mining, Metallurgy and Petroleum (CI…
NEWS IN BRIEF (October 24, 1994)
Acheron Resources (ACZ: VSE) has changed its name to Abaddon Resources (ABA: VSE) on a 1-new-for-9-old-sh basis.
COMMENTARY — Cooling the air at Coleman
If you can’t take the heat, get out of the mine. Or drive a ventilation shaft. Which is exactly what Coleman miners did in near-record time, without incident and under difficult conditions. “It was ki…
MINING IN MEXICO — Teck hunts for Mexican treasures; opens
Having just opened an office in Guadalajara, Teck (TSE) seems determined to continue pursuing projects in Mexico. The senior company, through its Mexican subsidiary Minera Teck, has been exploring in …
NEWS ROUNDUP — Production resumes at Similco Mine
In August, Similco Mines, a wholly owned subsidiary of Princeton Mining (TSE), resumed production at its open-pit copper mine in southwestern British Columbia. The mine operated throughout September a…