Preston East Dome finds new ore
JULY 1951Preston East Dome Mines opened 1,237 ft. of new ore lengths in the first five months of this year, against 2,243 ft. in 1950.Not only is the tonnage of ore in reserve being well-maintained; …
2001
Anzex drills Woodlawn
Vancouver-based Anzex Resources (AZX-V) has completed two holes of a 4-hole drilling program at its Woodlawn platinum prospect in Southland, New Zealand.Assay results are pending, though the company s…
Workers perish at Stillwater, Galena mines
Denver — An underground contract worker for Thyssen Mining Construction was killed at Stillwater Mining’s platinum-palladium mine in southwestern Montana.The miner was struck by underground mining eq…
Placer renews Madsen drilling (June 25, 2001)
Preliminary drilling by Placer Dome (PDG-T) has intersected a possible extension to the high-grade No. 8 zone at the historic Madsen mine, in northwestern Ontario.Four stratigraphic holes tested 975 m…
Int’l Annax hot on Dairi
Vancouver — In North Sumatra, Indonesia, International Annex Ventures (IAX-V) is busy expanding its Anjing Hitam (“Black Dog”) zinc-lead deposit.The high-grade, sedimentary-exhalative massive sulphid…
Producers miss out on gold price ride
Pushed down by heavy losses in the high-tech sector, the Toronto Stock Exchange’s 300 index fell 391.91 points over the five trading days ended June 20, to finish at 7,702.87.The yellow metal clawed b…
Newmont eyes closure in regulatory vacuum
Denver — Newmont Mining (NEM-N) will close its nearly depleted Minahasa gold operation at a time when Indonesia’s regulatory regime is weakened by the absence of a strong central government.The US$13…
Barrick exercises Tan Range warrants
By way of private placement, Barrick Gold (ABX-T) has acquired 740,741 shares of Tan Range Exploration (TNX-V), whose main asset is the Itetemia project in the Lake Victoria gold district of western T…
Quebec business elite salute Noranda Magnesium
Quebec’s business community has singled out Noranda’s Magnola metallurgical plant, in Asbestos, for its contribution to the provincial economy.The plant is operated by Noranda Magnesium, a representat…
Producer and Dealer Prices (June 25, 2001)
Antimony: Mid-mkt US$1,125/t.Bismuth: Mid-mkt US$3.78/lb.Cadmium: Mid-mkt US$0.28/lb.Chromium: Mid-mkt ores US$65.00/t.Cobalt: Recent trades US$10.15-12.75/lb.Copper: Comex May US$0.716/lb.Indium: Ind…
Mine show digs for funding
The Great Canadian Mine Show is in need of additional funding.Since its launch in March at the Toronto convention of the Prospectors & Developers Association of Canada, the show has made stops in the …
Wawa area yields more stones
Diamond exploration in the Wawa area of Ontario has turned up the largest stone yet recovered from one project, while leading to several new discoveries at another.At the GQ property, Band-Ore Resourc…