1996



Teck gets piece of Donner Resources

One of the biggest players in the Labrador exploration scene has caught the eye of a major producer.Teck (TEK-T) has agreed to finance exploration work on the South Voisey’s Bay project of Donner Reso…


ODDS’N’SODS — Mucking at the Aunor

Most English-speaking countries refer to the blasted rock of mining operations as “muck,” regardless of whether the rock is ore or waste.As the capacity of mills increased, a large percentage of mine …


Pioneer options deposit near Puffy

As part of a strategy to reactivate the Puffy Lake gold mine near Flin Flon, Man., Pioneer Metals (PSM-T) has optioned the nearby Nokomis Lake gold property in hopes of establishing a reserve there mi…


Partners define reserves at Yaou gold project

The four partners developing the Yaou gold project in French Guiana have calculated a probable reserve figure of 10.3 million tonnes grading 2.7 grams gold per tonne.The joint venture consists of Guya…



PRODUCER PRICES (September 16, 1996)

ALUMINIUM: LME settlements US$1,427.50 per tonne (Sept. 10, 1996), alloy US$1,255 per tonne (Sept. 5, 1996).ANTIMONY: Composite free market, US$2,625 per tonne (Sept. 10, 1996).BISMUTH: Composite free…



Armada Gold boosts stake in Russian project

The Chita region of southeastern Russia continues to captivate Armada Gold (AAU.A-T).The company has completed a series of transactions that will increase to 85% from 66% its controlling equity in the…


Nevsun announces private placement

Nevsun Resources (NSU-T) has announced a private placement of up to 3 million special warrants at $10 each.Gross proceeds are expected to total $30 million, a portion of which will be used to develop …


DIAMOND PAGE — DO-18 disappoints

From the results of a mini-bulk drill sample, the DO-18 pipe on the WO claim block in the Lac de Gras area of the Northwest Territories appears to be uneconomic.A 6.9-tonne sample yielded an undisclos…


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