Meetings (March 29, 1999)
March 29, New Sage March 29, Raypath March 30, Abacan March 30, Condor Int’l March 30, Hixon March 30, LMX Res. March 30, Manson Creek March 30, Pele Mountain March 30, Riverdance March 30, Sikaman Ma…
News
Semafo, Prospex plan merger
An agreement-in-principle sets the stage for a merger between Prospex Mining (PRM-V) and Semafo (SMF-T).The proposed deal calls for Prospex to merge with a wholly owned subsidiary of Semafo and become…
ProAm, Starcore bullish on Samuels Lake
Partners ProAm Explorations (PMX-V) and Starcore Resources (SOE-V) have caught the market’s attention with initial drill results from their equally held Samuels Lake polymetallic property near Atikoka…
Eldorado tables study of Efemcukuru — US$45 million to build 800-tpd underground mine and mill
By tabling a prefeasibility study, Eldorado Gold (ELD-T) has moved one step closer to developing its wholly owned Efemcukuru gold project in western Turkey.The study indicates that the internal rate-o…
PRODUCER & DEALER PRICES (March 29, 1999)
Antimony: Representative mid-market US$1,330 per tonne (Mar. 23/99).Bismuth: Representative mid-market US$3.25 per lb. (Mar. 23/99).Cadmium: Representative mid-market US$0.24 per lb. (Mar. 23/99).Chro…
CORRECTION (March 29, 1999)
A report in our March 15-21 issue erroneously stated that Tiberon Minerals is a Vancouver-listed company. The company trades on the Alberta Stock Exchange under the ticker symbol tbr.Furthermore, Tibe…
Sulliden eyes Peruvian gold
Junior Sulliden Exploration (SUE-M) intends to explore a property 3 km south of the Pierina gold mine in Peru.The Montreal-based company can earn a half-interest in the Santo Toribio property from a P…
Pinnacle buys more Geometall
Moscow-based Western Pinnacle Mining (WPN-V) has tightened its grip on its key Russian subsidiary, Geometall.In October 1998, Western Pinnacle raised its stake in Geometall by to 58.8% from 45.6% by i…
SUPPLIERS NEWS ROUNDUP — Haulage firm buys into Nunavut company
Transport firm Braden-Burry Expediting is set to buy a 35% interest in Nunavut-based Peter’s Expediting.Northwest Territories-based Braden-Burry will pay owner Stewart Holdings $87,500 for its interes…
SPOT PRICES (March 29, 1999)
Precious MetalsPrice (US)ChangeGold$284.25+$0.35Silver$ 5.10+$0.06…
Geomaque discovers new zone on San Francisco
Following a record year of output, Geomaque Explorations (GEO-T) has discovered a new zone of near-surface gold mineralization just west of its San Francisco mine in Mexico’s Sonora state.Results are …
Redaurum shareholders approve takeover
Shareholders have approved a revised agreement for a business combination between Redaurum (RRK-T) and a private company.The revised merger agreement — effectively a reverse takeover of Redaurum — w…