MOST ACTIVE ISSUES (August 24, 1998)
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News
MINING MARKET & INVESTMENT NEWS — EASTERN MARKETS — Eastern markets rebound from previous week’s slump
The markets enjoyed a rebound during the Aug. 12-18 report period, with the Toronto Stock Exchange 300 composite index regaining more than half of the previous week’s losses, climbing 3.2% to 6,517.68…
MINING MARKET & INVESTMENT NEWS — WESTERN MARKETS — Signs of bear market visible on western horizon
In recent months, the Vancouver Stock Exchange indices have been wandering deeper and deeper into bear territory. The trend continued during the report period ended Aug. 18: the composite index lost 7…
DIAMOND PAGE — Golconda eyes California gems
A sampling program by Golconda Resources (GA-A) will test claims in northern California deemed prospective for diamonds.The junior recently signed an agreement to acquire the claims, which cover an ol…
DIAMOND PAGE — Trivalence drills recover diamonds
Junior Trivalence Mining (tmi-v) is encouraged by results from drilling carried out on the K-7 kimberlite, which is currently the focus of attention at the Aredor diamond concession in Guinea, West Af…
Copper Hill plans program
Exploration work will continue this year at the Tim’s Cove gold-tungsten polymetallic project near Gander Bay, Nfld. Operator Copper Hill (CUHL-C) plans to carry out geophysical surveys, geochemical s…
Golden Band hits gold
Vancouver-based Golden Band Resources (GBN-V) has intersected gold mineralization while drill-testing the Memorial showingin the Waddy Lake area of Saskatchewan.Highlights of the ongoing program inclu…
Meetings (August 24, 1998)
Aug. 31, AranleeAug. 31, Canadian MonoAug. 31, GoldmaxAug. 31, GronarcticAug. 31, Porcher Island GoldAug. 31, Red EngineAug. 31, RichmarkSept. 2, AquestSept. 2, CancorSept. 2, Cotton ValleySept. 2, Ne…
Auspex, Vestor size up Aljustrel complex
Partners Auspex Minerals (APJ-V) and International Vestor Resources (IVS-V) have released initial results from surface drilling at the Aljustrel mining complex in south-central Portugal.Each company h…
Armada Gold deems Taseevskoe minable
A feasibility study on the Taseevskoe gold deposit in southeastern Russia has recommended refurbishment and expansion of the existing facilities, and production from an open pit.The study, by Kvaerner…
Study gives nod to Philippine nickel project
Based on a positive prefeasibility report by Kvaerner Metals, the Nowegian firm Mindex ASA is gearing up to advance its Sablayan nickel-cobalt project in the Philippines, with a view to beginning prod…
Freeport achieves record throughput at Grasberg
As part of its “hunker down and go” program, Freeport-McMoRan Copper & Gold (FCX-N) is focusing on cutting costs and boosting production at its core operation, the giant Grasberg gold-copper mine in I…