Chapter closes on Crown Butte saga
The fate of the controversial New World project in Montana and its owner, Crown Butte Resources, was sealed last year by the personal intervention of American President Bill Clinton and Vice-President…
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IGCP plans tour of Uzbekistan
The International Geological Correlation Project is offering a trip to the copper-gold-silver deposits of Uzbekistan from Aug. 27 to Sept. 3.Stops on the tour include the state-owned Daughyz open-pit …
Energold drilling at Longyear
Energold Mining (EGD-V) has begun a first phase of drilling at its Longyear concession in the Dominican Republic.The program is designed to test the oxide gold potential of a northwesterly trending, 3…
Claude sizes up new zone
Drilling in the footwall at the Madsen gold mine in Red Lake, Ont., has intersected a gold-bearing structure similar to the producing Austin zone.Claude Resources (CRJ-T) drilled 144 holes totalling 1…
Phelps Dodge posts loss
Continued low copper prices dragged down earnings for Phelps Dodge (PD-N) in the last quarter of 1998.The company reported a fourth-quarter loss of US$9.8 million (or 17 cents per share) before non-re…
Morgain cuts gold in Mexico
Toronto-based Morgain Minerals (MGM-V) has drilled several long gold intersections at its new San Francisco mine property, near Cucurpe in Mexico’s Sonora state.The junior has received assay results f…
Armada sells Erdmin
Armada Gold (AAU-T) has sold its 49% interest in the Erdmin solvent extraction-electrowinning copper project in Mongolia.A private American company will pay US$3 million over the next three years and …
Eastmain funds program
Acting on the principle that two treasuries are better than one, Eastmain Resources (ER-T) has joined forces with another junior to explore its Tingley Brook base metal property in New Brunswick’s Bat…
Manhattan funds work program
Five private investors have agreed to buy more than 1 million special warrants of Manhattan Minerals (MAN-T) at $2.95 each. Gross proceeds are expected to total $3 million.Each special warrant will al…
Partners resume drilling at Caber property
Partners Noranda (NOR-T) and Southern Africa Minerals (SAF-T) are resuming exploration of the latter’s Caber zinc-copper property in Quebec’s Matagami region.The co-managed program will include an ini…
EDITORIAL & OPINION — BC, Alberta should form economic union — Go west!
The streets of downtown Vancouver are sporting billboards contrasting Premier Glen Clark’s economic and tax policies with those of Alberta Premier Ralph Klein. The message is clear. Alberta is enjoyin…