Ramrod resumes drilling at Damoti
Toronto-listed Consolidated Ramrod Gold has intersected coarse visible gold within high-grade intervals at the Damoti Lake property near Yellowknife, N.W.T. The discovery follows resumption of a minim…
1994
SAGC funds work in central Chile
Toronto-listed South American Gold & Copper (SAGC) is raising US$4.1 million to expand exploration and development in South America. It is doing so by means of a private placement of 3 million shares …
Still no consensus on Hemlo deposit
After 10 years of production at the Hemlo gold camp, the geological community may be a lot wiser about the deposits. But several key questions have yet to be answered. This was the message delivered a…
Anglo American a world player
The winds of change have had a significant impact on the politics and economics of South Africa, a nation known as much for deep gold mines as for its abundance of varied mineral wealth. Large mining …
ODDS’N’SODS — Early bush pilots operated with a sense of
When I was busily involved in mineral exploration in Ontario in the early 1950s, I met a young bush pilot named Hong Mar. He was flying for Canadian Superior Air Services at the time, following a peri…
Metall selling Mobrun royalty to Cambior
Toronto-based Metall Mining (TSE) has agreed to sell its 4% net smelter return (NSR) royalty on production from the Mobrun polymetallic property of Audrey Resources (TSE) for $11 million to Cambior (T…
Old Weedon mine site undergoes reclamation
It cost almost $4 million to reclaim an old copper mine site at Weedon, Que., about 100 km east of Sherbrooke. The work at the old mine site, which was fully operational in the 1950s, was wrapped up i…
Battle Mountain poised to produce more gold
Houston-based Battle Mountain Gold (NYSE) is expected to increase its gold production in 1995 and in succeeding years. A preliminary business plan projects a 17% increase to 565,000 oz. in 1995 from 4…
Cusac confirms mineralized vein
At the Table Mountain gold property in northern British Columbia, preliminary work has begun on the western extension of a new structure identified as the Big Vein. The work coincides with advancement…
Golden Tag discovery at Verneuil
A second gold zone has been discovered on Golden Tag Resources’ (VSE) Verneuil Twp. property 160 km northeast of Val d’Or. The Midrim zone was intersected in two holes drilled by project operator Free…
Black Hawk cuts more nickel at Redstone
Three holes drilled on Black Hawk Mining’s (TSE) Redstone nickel property south of Timmins, Ont., have intersected additional nickel mineralization. The holes were drilled to test the downdip extensio…
Spot prices at a glance (December 19, 1994)
Week’s Price (US) Change Gold* $378.35 – $1.45 Silver* $4.77 + $0.08 Platinum* $409.65 + $5.75 Nickel** $3.75 – $0.27 Lead** $0.28 $0.00 Copper $1.34 + $0.02 Zinc $0.49 – $0.01 Courtesy of Scotiabank….