Kennecott options ground
Junior White Knight Resources (WKR-V) has optioned an interest in its Lone Mountain gold property in Nevada’s Elko Cty. to Kennecott Exploration.The Rio Tinto (RTP-N) subsidiary can earn an initial 51…
News
Formation seeks to advance Sunshine project in Idaho
A $1-million private placement will enable cobalt explorer Formation Capital (FCO-T) to develop its Sunshine project in east-central Idaho.The financing will consist of 4 million units priced at 25 ce…
MINING MARKET & INVESTMENT NEWS — Inter-Rock posts 1998 loss
Inter-Rock Minerals (IRO-T) has followed in the footsteps of many of its peers by posting a loss for 1998.The loss totalled US$1.42 million (or 9 cents per share), compared with a loss of US$1.79 (11 …
Kinross tightens grip on Fairbanks district
Newmont Mining (NEM-N) is selling its 65% interest in Alaska’s True North gold project to Kinross Gold (K-T) for US$28 million.As a result, Kinross, which already owns a minority stake in the 10,000-a…
Diamonds recovered from Greenland venture
Diamond exploration in West Greenland has yielded some interesting counts from surface sampling of float boulders on a 51-49 joint venture project held by Monopros and Dia Met Minerals (DMM-T).A 140-k…
Claude updates inventory
An independent consulting firm has updated reserves and resources at the Madsen and Seabee gold mines, both of which are owned by Claude Resources (CRJ-T).A.C.A. Howe International pegs Madsen’s minab…
Auspex cuts high-grade zinc, silver
Partners Auspex Minerals (APJ-V) and International Vestor Resources (IVS-V) have tabled impressive assay results from the first six holes of a third-phase, 12,000-metre program at the Aljustrel polyme…
METAL PRICES (April 19, 1999)
BASE METALS (London Metal Exchange-Midday official cash/3-month prices, US$ per tonne)DateApril 13April 12April 9April…
William Resources eyes Russian gold
William Resources (WIM-T) has acquired from subsidiary Rux Resources (RUXR-C) a small royalty in the Shkolnoye gold project in eastern Russia.In lieu of a debt, the company received 1.5% of Rux’s 10% …
Alta Gold slashes costs
Despite startup problems, Alta Gold (ALTA-Q) has reduced cash costs at the newly opened Olinghouse gold mine, 30 miles east of Reno, Nev.During its first three months of operation, the mine incurred c…
Camnor drills prospects
Junior Camnor Resources (CMB-V) has announced plans to drill-test three of the 18 Alaskan properties in which it has interests.Discovery Gulch — Initially, drilling will focus on the Discovery Gulch …
Meetings (April 19, 1999)
April 19, Alberta Star April 19, Blackpool April 19, Bonus April 19, Cdn. Mining April 19, Complex April 19, Int’l Dunlap April 19, Iriana April 19, Jordex April 20, Bitterroot April 20, Classic Gold …