Aurizon Mines poised to revive mining camp
Back in the mid-1980s, Quebec’s Casa Berardi camp was making news across Canada, including the front pages of this newspaper. The camp has since fallen on hard times, with its operations either deplet…
2000
Gold aids Africa’s renaissance
While South Africa is expected to be number-one in gold for decades to come, the list of the world’s top 20 producers is expected soon to include several African nations now undergoing a mine-building…
Gold district takes shape on Chile-Argentine border
When Barrick Gold (ABX-T) acquired what is now the Pascua-Lama property, through the 1994 takeover of Lac Minerals, gold resources were a mere 2.3 million oz. Today, it hosts proven and probable reser…
Band-Ore intensifies drilling near Wawa
While awaiting assay results from drilling programs on two of its Ontario properties, Band-Ore Resources (BAN-T) has begun drilling on a third.At the GQ diamond property, near Wawa, Ont., three short …
PGM at high demand
Rising demand and uncertainty over Russian supplies are evoking primary producers of platinum group metals to expand production at an unprecedented rate.Plagued by archaic technology and having only l…
Wayside undergoes operational audit
Shareholders have finally learned why trading in International Wayside Gold Mines (IWA-V) has been halted since May 11.Officials of the Canadian Ventures Exchange cite the need for an operational audi…
Partners outline 500,000-tonne resource at Mel deposit
Partners Inco (N-T) and Nuinsco Resources (NWI-T) have released a mineral resource estimate of 550,000 tonnes grading 1.69% nickel for the Mel deposit in what is considered to be a dislocated part of …
Drilling reveals new zone at Hope Bay
Infill drilling at the Hope Bay gold project, in Nunavut, has discovered a new zone of mineralization for equal partners Miramar Mining (MAE-T) and Cambiex Exploration (CBX-T).Dubbed Stringer, the zon…
Market woes fail to spark gold
The overall market took a beating as the Dow Jones industrial average plunged 512.30 points, or 4.7%, during the report period ended May 23 to close at 10,422.27. The Nasdaq also continued its losing …
Production stops at Grasberg after fatal accident
Freeport-McMoRan Copper & Gold (FCX-N) has agreed to cut back on production at its 85%-held Grasberg copper-gold operation in Indonesia pending the investigation of a waste-pile accident that killed f…
Taror prefeasibility nears completion
Depressed gold prices and lower production translated into a 1999 loss for Nelson Gold (NLG-T).Net losses totalled US$1.5 million on revenue of US$13 million, compared with US$66.64 million on US$18 m…
50 YEARS AGO – JUNE 1950
The movement to bring the Labrador-New Quebec iron deposits into production has received a big push from the the U.S. partners of Hollinger Consolidated. The partners will finance a large portion of t…