Placer, Barrick to evaluate Sukhoi Log
Two major Canadian mining companies have been awarded licences to study the Sukhoi Log gold deposit in northeastern Russia.Placer Dome and Barrick Gold have until Christmas to study the deposit in ant…
News
OBITUARIES — Reinhart Ehrlich
Reinhart (“Reini”) Ehrlich, vice-president and chief metallurgical engineer for Watts Griffis & McOuat (WGM), has died. He was 75.Born in Frankfurt, Germany, on Sept. 14, 1922, Ehrlich immigrated to C…
Celtic, Jilbey lure Rio to Hungry Hill
Partners Celtic Minerals (CME-A) and Jilbey Exploration (JLB-M) have lured Rio Algom (ROM-T) to their equally owned Hungry Hill polymetallic property in central Newfoundland.Rio can earn a 51% interes…
Crown, U.S. close New World agreement — Company opts for cash rather than federal property
The saga of the New World gold-silver-copper project in Park Cty., Mont., is drawing to a close, as former owner Crown Butte Resources and the U.S. government conclude a 2-year-old exchange deal.Crown…
MINING MARKETS & INVESTMENT NEWS — QUERY — El-Bonanza back in the saddle again
A friend of mine bought shares in El-Bonanza Mining back in 1978. He recently came across the long-forgotten share certificate, and as he was not really into the stock market, but knew that I own and …
MINING MARKETS & INVESTMENT NEWS — EASTERN MARKETS — Mining stocks slump as eastern markets get thumped –Campbell Resources heavily traded as junior seeks gold acquisitions
The big story of the Aug. 5-11 report period was the global market slump beginning Aug. 10. Fueling the bearish sentiments were continued worries about the economic climate in Asia, particularly Japan…
Aurizon boosts gold production
Despite weak gold prices, Aurizon Mines (ARZ-T) reported both record production and improved operating results for the quarter ended June 30.The Vancouver-based company boosted production to a record …
Breakwater suspends milling at El Toqui mine
Milling operations have been temporarily suspended at the El Toqui zinc mine in southern Chile while operator Breakwater Resources (BWR-T) implements a development and optimization plan.During the 3-m…
World Wide puts Dornod project on hold
Weak uranium prices have prompted World Wide Minerals (WS-T) to place the Dornod project in Mongolia on hold.The project is owned by World Wide’s 58%-owned subsidiary, Central Asia Uranium Company (CA…
Rubicon cuts massive sulphides
Diamond drilling by Rubicon Minerals (RMX-V) has intersected massive sulphide mineralization at the Seal Bay property in northeastern Newfoundland. Two thousand metres were drilled in a 1-km-long-by-7…
DIAMOND PAGE — Ashton unimpressed with Buffalo Hills sample
Disappointed by results from a mini-bulk sample, Ashton Mining of Canada (ACA-T) has suspended sampling work at kimberlite K-91 on the Buffalo Hills project in north-central Alberta.A 35.87-tonne samp…
DIAMOND PAGE — Archangel dispute goes to arbitration panel
Another mining venture in the former Soviet Union has found its way to international arbitration proceedings.Archangel Diamond (AAD-V) filed a request with a Swedish arbitration institute in a dispute…