Meridian Gold expands Chilean discovery
Meridian Gold (MDG-N) has expanded a zone of high-grade gold-silver mineralization at the El Penon project in northern Chile.In July, the company discovered the Quebrada Colorada zone, and new high-gr…
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TSE INDICES (August 10, 1998)
1998Aug 4Aug 3July 31July 30July 29HighLowComposi…
COMMENTARY — Gold’s behavior predictable
.BRobert HoyeThere is an old saying in physics that if you keep your database short enough, it will fit your theory. The views of both goldbugs and goldphobes seem conditioned by events over only the …
MINING MARKETS & INVESTMENT NEWS — Nasdaq officials de-list Casmyn
The listings and qualifications panel has de-listed Casmyn from the National Association of Securities Dealers Automated Quotation, effective July 31.The reason is that Casmyn did not comply with the …
MINING MARKETS & INVESTMENT NEWS — WESTERN MARKETS –Mining index pummelled as western markets slide
The Vancouver Stock Exchange composite index continued its slide into bear territory, losing 10.61 points, or 2.2%, to close at 478.36 over the holiday-shortened report period ended Aug. 4. The mining…
Anaconda to produce uranium in Portugal
Toronto-based Anaconda Uranium (ANU-V) will join a subsidiary of a Portuguese state mining company in developing and mining the Nisa uranium deposits in southern Portugal.The Nisa project consists of …
METAL PRICES — Daily Metal Prices (August 10, 1998)
BASE METALS (London Metal Exchange-Midday official cash/3-month prices in US$ per tonne)DateAug. 4Aug. 3July 31July 30…
Sunnyside up for Altius
Easter is nine months away, but Altius Minerals (ALS-S) is busy hunting for eggs in its home province of Newfoundland.On the Paradise Lake property in Botwood Basin, the junior has identified what it …
Mustang discovers PGEs at East Bull Lake property
Toronto-based Mustang Gold (MUST-C) has uncovered showings of platinum group elements at its East Bull Lake property, 80 km west of Sudbury, Ont.Preliminary geochemical sampling returned up to 1.58 gr…
High grades add to Edwards’ potential
High-grade gold is always a boon to a producing mine, as appears to be the case for VenCan Gold (VCG-M), which owns the Edwards gold mine near Wawa, Ont.The underground mine is operated by River Gold …
Antares starts prefeasibility study at Ojolali
Junior Antares Mining & Exploration (ANZ-T) has begun a prefeasibility study of the Jambi zone at its Ojolali gold property in southern Sumatra, Indonesia.Fifty-eight infill holes will be drilled on 2…
Breakwater slips into red despite production boost
Low metal prices in the second quarter overshadowed Breakwater Resources’ (BWR-T) impressive gains in zinc, lead and silver production, pushing the company into the red.For the three months ended June…