Canaco Res. identifies target
Exploration by Canaco Resources (CSE-M) has resulted in the discovery of a volcanogenic massive sulphide (VMS) target at the Lady Pond property near Springdale, Nfld.The junior discovered a north-east…
News
NEWS ROUNDUP — Kinross to explore near Timmins
A preliminary option agreement sets the stage for Kinross Gold (K-T) to explore and possibly purchase the Clavos gold property from United Tex-Sol Mines (UTX-A).To earn its interest, Kinross must spen…
Newmont writes down assets
Low gold prices in the fourth quarter of 1998 forced Newmont Gold (NEM-N) to write down the value of the assets it acquired as a result of merging with Santa Fe Pacific in the previous year.The compan…
Barrick breaks records despite poor prices — President departs, bid for Argentina Gold goes by wayside
Thomas SchusterWhile many other producers are struggling to survive the lowest gold prices in two decades, Barrick Gold (ABX-T) turned in a stellar financial and operating performance for 1998, postin…
Yamana sizes up Lejano, North Bacon
Spokane-based Yamana Resources (YRI-T) is eager to resume drilling at its Lejano prospect in southern Argentina, following the release of a preliminary resource estimate.The company delineated 14.4 mi…
Sutton boosts tonnage
Sutton Resources (STT-T) has tabled an inferred resource estimate for the new Reef-1 West gold zone at the Bulyanhulu project in Tanzania. The zone was discovered about 400 metres northwest of the Ree…
NEWS ROUNDUP — Freewest to drill Golden Ridge
Based on encouraging results from trenching, Freewest Resources Canada (FWR-M) is preparing to drill-test its wholly owned Golden Ridge property, which straddles the Maine-New Brunswick border.Trenchi…
NEWS ROUNDUP — Romios drills Lundmark-Akow Lake
Toronto-based Romios Gold Resources (RGRI-C) has started drilling at its Lundmark-Akow Lake property in northwestern Ontario.The junior plans to complete at least 3,000 ft. in an attempt to test targe…
LETTERS TO THE EDITOR — Credentials, training essential for competent geostat evaluation
Geostatistics is rich with useful theoretical models. For example, the recipe for calculating optimal kriging weights can be found in projection theory. The ordinary kriging model is nothing more than…
MINING MARKETS & INVESTMENT NEWS – Provenor finds perch on ASE
Montreal-based Provenor became a member of the Alberta Stock Exchange upon completing a public offering of 1.5 million shares at 25 cents each. It trades under the symbol pvn.Proceeds from the financi…
MINING MARKETS & INVESTMENT NEWS – NEWS ROUNDUP — Jordex seeks opportunities
Vancouver-based Jordex Resources (JDX-T) has retained Hamilton Group of White Plains, N.Y., to help it identify business opportunities outside of the mining sector.William Staudt, a principal of the i…
MINING MARKETS & INVESTMENT NEWS – INSIDER TRADING — Breakwater execs renew options
Reports by the Ontario Securities Commission show that two directors of Breakwater Resources (BWR-T) renewed several options in November.Ned Goodman allowed to expire 50,000 options at $3.40 and was g…