DIAMOND PAGE — American Gem settles with feds
Toronto-based American Gem (AAGM-C) has agreed to pay the U.S. government US$150,000 to settle an investigation into the company’s claim-staking practices between 1994 and 1997.The government was inve…
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Northair drills for silver at Venturina
A first round of drilling of the Venturina gold-silver target in the northern Mexican state of Chihuahua has returned mixed results for International Northair Mines (INM-V).The Vancouver-based junior …
Careers (December 14, 1998)
NORTHERN COLLEGEINTERNAL / EXTERNAL POSTINGPOSITION: Principal…
Noranda options prospect
Noranda (NOR-T) has signed a letter-of-agreement to option a second property from Golden Temple Mining (GTM-V) in the Mexican state of Guanajuato, near Leon.The Mexican subsidiary of Noranda can earn …
Imperial struggling in poor market
Suffering from poor commodity prices, Imperial Metals (IPM-T) posted a loss of $1.7 million (or 2 cents per share) for the third quarter, compared with a loss of $1.3 million (2 cents per share) a yea…
Guyana hits gold in first hole
The first hole in a 4-hole program at the Peters mine property in Guyana intersected 52 ft. of gold mineralization grading 0.2 oz. per ton at a depth of 331 ft., reports property owner Guyana Goldfiel…
Yamana determined to bring home the Bacon — Drilling encounters high-grade silver at Argentine project
A second round of drilling has confirmed the presence of high-grade silver-gold mineralization at the Bacon prospect in the Patagonia region of southern Argentina’s Santa Cruz province.In an attempt t…
Companies (December 14, 1998)
Agnico-Eagle MinesAkrokeri-Ashanti Gold MinesAlmaden ResourcesAltius MineralsAmbrex MiningAmerican GemAnglogoldArgentina GoldAsia Pacific ResourcesAuspex MineralsAvalon VenturesBarrick Gold…
Meridian loses $8.2m
Analyst darling Meridian Gold (MNG-T) lost US$8.2 million (or 11 cents per share) in the third quarter as production and gold prices dropped and costs edged up.The company cranked out 52,620 oz. at a …
Pangea confirms high grade
The latest results from the Tulawaka project in Tanzania indicate that the high-grade gold mineralization discovered earlier this year is continuous, reports 70%-owner Pangea Goldfields (PGD-T).Pangea…
General Minerals hits high-grade copper
Drilling at the Escalones porphyry prospect in central Chile has encountered high-grade copper values for General Minerals (GNM-T).Results from the first drillhole suggest the deposit has the potentia…
Ambrex reassesses Aripuana
Resampling an old drill hole has led to the discovery of high-grade gold mineralization in oxides at the Aripuana polymetallic property in northwestern Brazil.Operator Ambrex Mining (AMBX-C) reports t…