Partners expand Chocolate Reef
An independent resource calculation has increased by 31% the size of the Chocolate Reef gold deposit in Tanzania’s Lake Victoria Gold district.Chocolate Reef is situated on the Kahama property, which …
News
Scoping study points to Camsell Lake’s potential
Preliminary results of a scoping study of the NW Snap Lake kimberlite dyke at the Camsell Lake property in the Northwest Territories suggest that the potential economics of the project are strong.Wins…
EDITORIAL & OPINION — ODDS ‘N’ SODS — Getting the house in order
In 1925, I was finishing a job for Longyear in West Virginia and, at the same time, looking for work in Canada.A.D. Wentworth, a Boston mining engineer, offered me a job at what was known as the W.A.D…
SPOT PRICES (October 12, 1998)
Wednesday October 7, 1998Price (US)Week’s ChangeGold*$298.85+$4.75Silver*$ 5.13…
MINING MARKETS & INVESTMENT NEWS — INSIDER TRADING — Vengold adorns execs with options
Vancouver-based Vengold (VEN-T) granted three officers and five directors a total of 2.95 million options in July. The sweetener came just weeks before the company nabbed a further 6.5% interest in th…
Cumberland drilling expands Third Portage
Interim drill results from the Meadowbank gold project in Canada’s Far North has expanded the eastern, near-surface portion of the Third Portage deposit, a potential open-pit mine.The Meadowbank proje…
Meetings (October 12, 1998)
Oct. 13, Icelandic Gold Oct. 13, Tullaree Oct. 14, Loubel Oct. 14, Mar-West Oct. 14, United Gunn Oct. 15, Brimstone Oct. 15, Chalice Oct. 15, Kelnick Oct. 15, Pacific Rim Oct. 15, Telford Oct. 15, Wes…
Royal Oak plans $81-m writedown
Royal Oak Mines (RYO-T) plans to take a pretax, US$81-million writedown as a result of lacklustre gold prices and restrictions on its ability to hedge gold production.Using a gold price of US$300 per …
EDITORIAL & OPINION — FACTS ‘N’ FIGURES — Alaskan mining sector strengthens
Exploration, development and production spending in Alaska topped $1.2 billion in 1997, up from $1 billion in 1996, according to figures released by the Department of Natural Resources.The report, ent…
Viceroy drills Argentine target
Viceroy Resource (VOY-T) has begun drilling at the Gualcamayo project in the western Argentine province of San Juan.The Vancouver-based producer has three drill rigs on the Quebrada del Diablo prospec…
Goldcorp feasibility shows drop in costs — Mine could produce from new zones at US$88 per oz.
Results of a feasibility study commissioned by Goldcorp (G-T) show that the new high-grade zones at the Red Lake mine in Balmertown, Ont., could be mined at cash costs of below US$100 per oz.The high-…
MINING MARKETS & INVESTMENT NEWS — EASTERN MARKETS — Gold remains a haven amid global uncertainty — Nickel dives to 11-year low as base metal majors slump
Market anxiety continued to reign during the Sept. 30-Oct. 6 report period as the economic crisis gripping Asia and Russia threatened to take hold in Latin America. The Group of Seven most-industriali…