Kimberlites discovered in Wyoming
A kimberlite deposit has been found in the Iron Mountain district of Wyoming, about 55 km northwest of Cheyenne.The garnets recovered from the kimberlite were classified as either G9 and G10 following…
News
MOST ACTIVE ISSUES (August 31, 1998)
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MINING MARKETS & INVESTMENT NEWS — QUERY — Juniors out of action
I hold common shares of Orecan Explorations and, having done some research, have found little information about the company. I would also like to know what happened to Canreos Minerals, and where this…
MINING MARKETS & INVESTMENT NEWS — EASTERN MARKETS — Gold producers shine despite market doldrums
The Toronto Stock Exchange 300 index plummeted 261.67 points to 6,256.01 during the report period Aug. 19-25, effectively wiping out all that was gained in the previous period.While the market started…
MINING MARKETS & INVESTMENT NEWS — WESTERN MARKETS — Resource stocks stagnate under Western malaise
The Vancouver Stock Exchange indices continued their downward spiral during the report period ended Aug. 25. The composite index lost 18.67 points, or 4.2%, to close the week at 430.41, while the mini…
METAL PRICES (August 31, 1998)
BASE METALS (London Metal Exchange-Midday official cash/3-month prices, US$ per tonne)DateAug. 25Aug. 24Aug. 21Aug. 20…
Record production keeps Nelson in black
Record gold production and lower cash costs at the Jilau gold mine in northwestern Tajikistan continue to keep Nelson Gold (NLG-T) profitable.The London, England-based company earned $421,000 during t…
JAG makes copper discovery
A regional exploration program by International Jaguar Equities (JAG-V) has resulted in the discovery of an area of extensive copper mineralization at the Lord River project in the Taseko Lakes area, …
Meetings (August 31, 1998)
Aug. 31, AranleeAug. 31, Canadian MonoAug. 31, GoldmaxAug. 31, GronarcticAug. 31, Porcher IslandAug. 31, Red EngineAug. 31, RichmarkSept. 2, CancorSept. 2, AquestSept. 2, CancorSept. 2, Cotton ValleyS…
Great Basin expands gold-silver system at Ivanhoe property
Partners Great Basin Gold (GBG-V) and Cornucopia Resources (CNP-T) have released more positive drill results from the Hollister area of the Ivanhoe property in north-central Nevada.The property compri…
Cluff Lake to shut down at turn of century
Saying that uranium prices are too low to sustain mining, Cogema Resources has moved up the anticipated closure of the Cluff Lake mine in northern Saskatchewan.The mine is now expected to close at the…
LETTERS TO THE EDITOR — Minister backs standards talks
In response to your editorial “Anyone Listening?” I am writing to assure your readers that the government is listening.As minister of northern development and mines, I am well aware of the importance …