News



Mountain Lake finds more gems

Mountain Lake Resources (MOA-V) has recovered more alluvial diamonds from its Klipgat 18 project in South Africa.Between Sept. 28 and Nov. 26, 360 stones were picked, bringing to 503 the total number …


Blackstone drops Rimfire’s Falcon option

Vancouver — Lack of exploration funds has forced Blackstone Resources (BZZ) to cancel its option on the Falcon gold property, held by Rimfire Minerals (RFM-V), in Alaska. The property is 40 km southe…


Cambior may sell Carlota

Denver — Faced with a heavy debt load, Cambior (CBJ-T) is considering selling its Carlota open-pit copper project in Arizona.In September, a Federal District Court in Arizona upheld a record of decis…


Native co-operation key for future

In the 20th century, the government has entered into treaties with Aboriginal peoples, mainly in northern regions, in response to settlement and mineral discoveries. In 1982, the country underwent sig…


Gabriel on trail of Transylvanian treasure

A junior company holding a land package with 15 known mineral deposits, three working mines and several dumps is bound to attract attention. Mike Jones of T. Hoare Canaccord is one of a growing number…


INDEX (December 13, 1999)

Anglo American1Ashanti Goldfields16Asia Minerals3Barnato Exploration1Blackstone Resources15Broken Hill Proprietary13Cambior16Cnsldtd Afric…


Wolfden, Jonpol test Pickle Crow property

Partners Wolfden Resources (WOLF-C) and Jonpol Explorations (JON-T) continue to test the past-producing Pickle Crow gold mine property, 12 km northeast of Pickle Lake in northwestern Ontario.By year-e…


South African group to consolidate under JCI banner

South Africa’s JCI group has unveiled a massive restructuring that will consolidate its various gold assets under a single entity, named JCI Ltd., which will be listed and domiciled in Toronto by next…


Omolon repays debt financing

The Kubaka mine in far eastern Russia has enabled owner Omolon Gold Mining to repay US$50 million of the US$130 million in debt financing it received from the European Bank for Reconstruction & Develo…


JCI

Denver — Ashanti Goldfields (ASL-N) has submitted a restructuring plan, together with a financial and operating review, to its hedge counterparties and lending banks, extending to mid-December the fr…


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