ODDS’N’SODS — The value of hindsight
About 2 billion years ago, when this planet was still a chilling, uninhabitable place, a precambrian stream laden with uranium-rich gravels emptied into a lake or inland sea just north of what is toda…
1995
Gold report published in U.S.
The U.S. Bureau of Mines has published a 197-page report on the outlook for gold mining throughout the world.The publication features an in-depth discussion on geology, gold reserves, and mining and t…
Mincor acquiring gold property
The government of Mozambique has licensed Mincor Resources, (ASE) to explore the Niassa concession, in northern Mozambique.The 173-sq.-km concession produced about 240,000 ounces of gold in 1994, from…
R&D firm unveils new gold bioleaching process
A biochemical process developed by a firm based in Bozeman, Mont., is showing potential as an inexpensive, clean alternative to cyanidation in gold extraction.Yellowstone Environmental Science is deve…
DIAMOND NEWS ROUNDUP — Storimin drilling for diamonds near Yellowknife, N.W.T.
Drilling is set to begin on diamond claims belonging to Storimin Exploration (ASE) in the Northwest Territories.Initial plans call for testing certain promising anomalies for the occurrence of kimberl…
Uranerz, Cameco form partnership with Kazakhs
The idea would have been improbable a few years ago: Canadian and German companies forming a joint venture to exploit uranium deposits in Kazakhstan, once part of the Soviet Union. But things change, …
FACTS’N’FIGURES — Nevada dominated by gold
In 1994, Nevada produced an estimated US$3.2 billion in minerals (including petroleum and geothermal energy), which is 8% more than in 1993. Gold production in the state reached an all-time high last …
TSE Short Positions (August 21, 1995)
Short positions outstanding at July 31, 1995.Larger individual positions included: Barrick Gold 4,618,216; Agnico-Eagle 152,330; Alcan Aluminium 808,653; Bema Gold 1,437,500; Caledonia M’g 305,200; Ca…
Kingurutik discoveries followed up
Follow-up ground work by NDT Ventures (VSE) on the Kingurutik Lake property of Lucero Resource (VSE) has outlined gossans containing sulphides and associated graphite.Mapping and prospecting identifie…
Hemlo, Orvana acquire Chilean property
Toronto-listed Orvana Minerals and senior gold producer Hemlo Gold Mines (TSE) are optioning the Esperanza gold property in northern Chile.Hemlo will hold 60% and Orvana 40% of the joint venture, whic…
Busy year in Dominican Republic
Nineteen ninety-four was an active year for the mining industry in the Dominican Republic, particularly in the metallic and non-metallic sectors.Exports of ferronickel, gold and other mineral products…
STOCK MARKETS — Market slides but gold stocks catch a wave
The Toronto Stock Exchange saw most of last week’s moderate gain slip away, as market participants remained edgy on conflicting economic news. For the 5-day report period ended Aug. 15, the TSE 300 co…