Summo sums ups Lisbon reserves
The reserves minable by open-pit methods at the Lisbon Valley copper project in Utah have increased to 42.6 million tons grading 0.43% copper. The overall stripping ratio is about 2.2-to-1.Summo Miner…
1995
Greenstone busy in Latin America
Southern-oriented Greenstone Resources (TSE) predicts that, within the next few years, it will be operating three Latin American gold mines. What’s more, each mine will have reserves in excess of 1 mi…
ODDS’N’SODS — Feeling no pain in Red Lake, Ont.
Prospector Sandy McIntyre discovered and staked the McIntyre Porcupine mine in Timmins, Ont., in 1909. Seventeen years later, he joined the Red Lake gold rush, entering town on snowshoes from the rail…
STOCK MARKETS — TSE 300 makes gains as profit-taking ensues
Strength in the TSE 300 composite index accumulated in the early part of the report week ended July 18, as the leading index broke through the 4,700-point level, setting a record for the fourth consec…
Goldstream mill temporarily down
Milling operations at the Goldstream copper-zinc mine near Revelstoke, B.C., have been temporarily suspended to allow underground development to advance.Partners Goldnev Resources (VSE) and Imperial M…
Dakota reopens Stibnite mine
The Stibnite gold mine in Idaho has resumed operation, following approval from the National Marine Fisheries Service (N.M.F.S.).The open-pit, heap-leach operation is owned by Dakota Mining (TSE), whic…
EDITORIAL PAGE — The Yellowknife strike revisited
The labor dispute that divided the community of Yellowknife, N.W.T., and ended in the 1992 murder of nine miners at the Giant gold mine, is the subject of several books, either published or in progres…
Glamis extends Eldorado offer
The battle for control of Eldorado (TSE) shows little sign of letting up.Glamis Gold (TSE), which launched a takeover bid for the Bermuda-based company in early June, has extended the deadline for its…
COMMENTARY — Growth potential seen in Venezuelan mining sector
In 1993, the international mining investment community committed more than $200 million to Venezuela. Since then, uncertain political and financial circumstances have caused investors to become wary, …
Akie drilling hits sulphides
Drilling on the Akie project in northern British Columbia has intersected 32.7 metres of massive and semi-massive pyrite-sphalerite-galena mineralization interbedded with argillaceous sediments.Assay …
Conversion of Weights and Measures (July 17, 1995)
1 troy ounce = 31.1 grams1 kilogram = 32.15 troy ounces1 kilogram = 2.2046 pounds1 (metric) tonne = 1,000 kilograms1 (metric) tonne = 2,204.6 pounds1 (short) ton = 2,000 pounds1 (metric) t…
Holmer expands Loma Hierro
As one of the first Canadian mining companies to take on projects in Cuba, Holmer Gold Mines (ASE) intends to continue concentrating its efforts in the Carribbean nation, despite the disapproval of so…