Corona, Harte sweet on Sugar
Drilling by Corona Gold (CRG-T) at the Sugar Zone gold deposit, 25 km north of White River, Ont., has substantiated a resource of 692,000 tonnes grading 6.9 grams gold per tonne.Corona, which is fundi…
News
DIAMOND PAGE — Diavik feasibility study delayed until mid-year
The final feasibility study for the proposed Diavik diamond mine project in the Lac de Gras area of the Northwest Territories will be not be completed until the federal minister of the environment has…
DIAMOND PAGE — Kennecott finds dyke on DHK claims
Kennecott Canada Exploration has intersected 2.1 metres of a kimberlite dyke while drill-testing an anomaly that lies close to a known kimberlite pipe on the DHK claim block, at the southwestern end o…
Champion arranges financing
Champion Resources (CHL-V) will finance a due diligence program on its wholly owned Farim phosphate project in Guinea-Bissau, West Africa, by selling a 3-million-unit, non-brokered private placement t…
LATIN AMERICA — Merger proposed for Alamos, Big Sky Res.
The management of Alamos Minerals (AAS-V) and Big Sky Resources (BKY-V) have proposed a merger.The plan of arrangement calls for Alamos to acquire all the outstanding shares of Big Sky, with the latte…
Fertilizer king PCS keeps turning a profit
While not quite matching the previous year’s stellar performance, Potash Corp. of Saskatchewan (pcs-t) still managed to turn a considerable profit in 1998.PCS earned US$261 million (or US$4.82 per sha…
LATIN AMERICA — Alumbrera improves performance
With startup problems behind it, the Alumbrera copper-gold mine in northwestern Argentina was close to breaking even in 1998.The open-pit mine, owned 25% by Rio Algom (ROM-T), achieved commercial prod…
LATIN AMERICA — Opawica finds gold anomalies at Cura Este
Toronto-based Opawica Explorations (OPW-T) has discovered a new area of anomalous gold mineralization on its 16,000-ha Cura Este property in Argentina’s Valle del Cura district.The discovery, made dur…
MOST ACTIVE ISSUES, April 14-20
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QUERY — Records show Peterson Red Lake remains dormant
My late father was involved in mining most of his life, and after going through some papers I have come across three different mining stocks which I think are now defunct — but before I destroy the c…
METAL PRICES (April 26, 1999)
BASE METALS (London Metal Exchange-Midday official cash/3-month prices, US$ per tonne)DateApril 20April 19April 16Apri…
LATIN AMERICA — Pierina to be world’s lowest-cost producer
Peru’s mining industry will get a major shot in the arm this spring when Barrick Gold (ABX-T) officially opens its Pierina mine in the department of Ancash, 185 miles north of Lima.The valley-fill, he…