Hornby Bay sizes up NWT zinc discovery
Hornby Bay Exploration (HBBY-C) is set to begin preliminary exploration on a recently discovered mineralized sulphide zone in the Hornby Basin of the Northwest Territories.The company intends to condu…
News
TSE suspends Cobatec
The Toronto Stock Exchange has suspended trading in Cobatec (CBT-T) for failure to keep up the exchange’s listing requirements.Cobatec, which had been producing cobalt chemicals at a hydrometallurgica…
Atna, YGC wrap up at Wolf
Atna Resources (ATN-T) and YGC Resources (YGC-V) have completed their 1998 drill program on the Wolf property in southeastern Yukon. Thirty holes totalling 6,625 metres were drilled this past season. …
DIAMOND PAGE — Archangel to explore in Finland
Archangel Diamond (AAD-V) has signed an agreement with a subsidiary of Popular Resources (PPX-V) to explore for diamonds in southern Finland.The agreement affects 39 claims, or 3,200 acres, near Oulo,…
Major General hits sulphides at Sarah Lake
Major General Resources (MGH) has intersected two zones of semi-massive sulphides at its Sarah Lake property in Labrador. The total thickness of the two zones is 2.2 metres.Hole 21 intersected 1.7 met…
Madison outlines gold-silver mineralization near Porgera
Junior Madison Enterprises (MNP-V) is encouraged by the results of 20 diamond drill holes at the Mt. Kare gold-silver joint venture in Papua New Guinea.The project is owned 65% by Madison and 25% by M…
Lytton, New Indigo find kimberlite at Jericho
A fall drilling program at the Jericho project in the Northwest Territories has resulted in the discovery of a land-based kimberlite body dubbed Contwoyto-1.The discovery hole was collared at an angle…
Newmont Mining absorbs Newmont Gold
Newmont Mining (NEM-N) is acquiring all the outstanding shares of Newmont Gold (NGC-N) it does not already own.The company will gain the remaining 6.25% of Newmont Gold in a tax-free merger and conver…
EDITORIAL & OPINION — GUEST COLUMN — Foreign preparedness is key
As mining companies venture into foreign parts of the world where business customs are different, it becomes increasingly necessary for executives to be cautious about with whom they do business and h…
Diavik partners file EA report
Diavik Diamond Mines, a subsidiary of Rio Tinto (RTP-N), has submitted its environmental assessment for the Diavik project to the federal government.Situated northeast of Yellowknife, N.W.T., the proj…
DIAMOND PAGE — Winspear to sample Snap Lake dyke
A land-based drill program on the NW Snap Lake kimberlite dyke at the Camsell Lake property in the Northwest Territories is providing Winspear Resources (WSP-V) with detailed structural information as…
Monopros to bulk-sample AK pipes
Monopros, the exploration arm of De Beers Consolidated Mines (DBRS-Q), will proceed with a bulk-sampling program this winter on the AK property in the Northwest Territories.Monopros has the right to e…