William Resources posts quarterly loss
Lower production translated into a third-quarter loss for William Resources (WIM-T).For the three months ended Sept. 30, the company lost $4.2 million (or 7 cents per share) on revenue of $17.9 millio…
News
SETTING NEW STANDARDS — Twenty (plus) questions for the TSE/OSC Task Force
Interim report deemed on right track, despite some confusion about role of QP Early next year, the Mining Standards Task Force, established by the Toronto Stock Exchange (TSE) and the Ontario Securiti…
DIAMOND PAGE — Kennecott finds more kimberlite in Alberta
The final two targets of this year’s drilling program on the Legend property in northeastern Alberta have proved to be kimberlites, raising to seven the number of bodies found there.Kennecott Canada E…
Atna loses court challenge
The Supreme Court of British Columbia has dismissed a legal challenge by Atna Resources (ATN-T) against the proposed sale of Boliden’s (BOL-T) 60% interest in the Wolverine project to Expatriate Resou…
Minroc aims to revive Cassiar project
With the results of an independent engineering study in hand, Minroc Mines (MN-T) is arranging financing to bring its chrysotile asbestos fibre project into commercial production by the second quarter…
Noveder grabs Micmac gold property
A letter-of-intent agreement paves the way for Noveder (NED-M) to earn a full interest in the Micmac gold property in northern Newfoundland.The Quebec-based junior will pay private vendors $25,000 in …
Geomaque gets green light for mine
An independent study on the Vueltas del Rio gold deposit in northwestern Honduras has determined the project’s feasibility at a gold price of US$300 per oz.Reno, Nev.-based Kappes Cassiday & Associate…
Software can affect geostats
One serious problem in the use of geostatistics to estimate reserves and not mentioned in the correspondence you have published on this topic arises when there is a mistake in the computer program.In …
MOST ACTIVE ISSUES (December 07, 1998)
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SETTING NEW STANDARDS — The CIM definitions
The Canadian Institute of Mining, Metallurgy & Petroleum (CIM) is considering modifications to its classification system for defining the various categories of reserves and resources.The modifications…
Verena Minerals, Ouro Brasil sign deal
A joint venture between Verena Minerals (VMCO-C) and Ouro Brasil (OOB-V) sets the stage for ongoing exploration of the Conceicao do Norte property, 500 km north-northeast of Brasilia, Brazil.Verena ha…
MINING MARKETS & INVESTMENT NEWS – WESTERN MARKETS — Diamonds, Argentine gold stir investors over flat week — Diamond explorers, juniors with ground in Argentina attract investor attention
The Vancouver Stock Exchange composite index edged up 3.3 points to close the report period ended Dec. 1 at 393.08. The mining index remained steady at 290.89, gaining only a hundredth of a point from…