TVX completes feasibility at Olympias
With gold production up at all its mines and a drop in cash costs, TVX Gold (TVX-T) has managed to turn in a quarterly profit for the second consecutive time.For the second quarter ended June 30, TVX …
News
NEWS ROUNDUP — Skeena Resources eyes Balkan gold
In anticipation of the passage of a new mining act, Skeena Resources (SKE-V) has acquired a private corporation with four pending exploration permits in Bulgaria.The Vancouver-based junior acquired th…
Redaurum eyes new venture
Shareholders of Redaurum (RRK-T) will meet to consider a business combination with Remick Investments, a subsidiary of Centenary Investments.Remick’s key assets include: $10 million cash from a recent…
Orvana advances Don Mario
Vancouver-based Orvana Minerals (ORV-T) has announced a resource estimate for the Lower Mineralized zone at its Don Mario gold-copper deposit in eastern Bolivia.Employing geostatistical methods based …
DIAMOND PAGE — Gope to be bulk sampled
De Beers Consolidated Mines (DBRS-Q) is about to begin a mini-bulk-sampling program at the Gope diamond prospect in Botswana, held by Toronto-based partner TNK Resources (TNKR-C).The program is focuse…
DIAMOND PAGE — SouthernEra options Yamba Lake
Work program slated to begin after data compilationA preliminary agreement with three junior companies sets the stage for SouthernEra Resources (SUF-T) to acquire a 51% interest in the Yamba Lake diam…
Mindoro explores Tiris
Junior Mindoro Resources (MIO-A) has begun a second phase of exploration at its Tiris gold property in Sumatra, Indonesia.Four drainage basins are being explored by means of soil, geochemical and geol…
NEWS ROUNDUP — Amblin tests Quebec target
A wedge hole drilled by Amblin Resources (AX-A) at its Lyndhurst property in northwestern Quebec has returned a short interval of base and precious metal mineralization.The hole intersected 2.61 metre…
Boliden reserves cleanup funds
A US$34-million provision for liabilities arising from the tailings dam failure at the Los Frailes mine in Spain gave Boliden (BOL-T) a loss of US$52.1 million over the second quarter of 1998.The comp…
Argosy Mining finances stake in Aussie junior
Argosy Mining (AGO-V) has spent more than $800,000 in acquiring a 19% interest in Australian-based Andover Resources.The Vancouver-based junior acquired 3 million shares of Andover, which controls the…
Partners revise deal
Partners Pangea Goldfields (PDG-T) and Explorations Minires du Nord (MDN-M) have revised their joint-venture agreement affecting three properties in the Lake Victoria Goldfields district of Tanzania….
Viceroy prepares to drill in Argentina
Viceroy Resource (VOY-T), eager to test-drive a new gold property in the Argentine Andes, has scheduled drilling for late August.The property, called Gualcamayo, is underlain by limestones that are, i…