Mining

Holmer Gold Mines Ltd. is set to begin developing its Timmins gold project. A $6.5-million initial development plan followed by a $4-million bulk sampling program over an 18 to 24 month period is planned.

By MAGGIE RIOPELLE Falconbridge Ltd. is digging deep for its $640-million Mine D project in Timmins. The company hopes the copper/zinc mine, which will be the deepest base metal mine in the world, will be in production by the third quarter of 2004.

By Maggie Riopelle Discover Abitibi is providing local small business owners in the mining sector an added sense of security. The Discover Abitibi initiative will give the necessary boost to mining in the Timmins and Kirkland Lake region.

By Ian Ross Wawa’s diamond rush is for real. Pele Mountain Resources Ltd., a diamond junior working the bush near the town has recovered 53 commercial-size diamonds from their Genesis occurrence. In early September, Pele extracted diamonds from a 4.

Goldeye Explorations has initiated a stripping program to discover a high-grade zone on its Tyrrell Township property near Timmins.

With an October strike deadline looming, Falconbridge and unionized workers at its Kidd metallurgical division in Timmins have reached and ratified a three-year deal. On Sept.

Talks have resumed between De Beers Canada and the Attawapiskat First Nation in an attempt to end the deadlock, which has brought the Victor diamond project to a halt. The two sides met Oct.

The review of a large outpouring of suggested exploration projects in the Abitibi Greenstone belt in northeastern Ontario is expected to be complete by late October.

By Maggie Riopelle Falconbridge Ltd. plans to invest more than $700 million in its nickel-copper Montcalm project near Timmins.

By Ian Ross Anticipating future trends in commodities and staking out quality ground in rare and platinum-group metals without paying premium prices remains the focus of Houston Lake Mining.