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SPOT PRICES (June 29, 1998)
Wednesday June 24, 1998Price (US)Week’s ChangeGold*$293.90+ $5.50Silver*$ 5.34…
Companies (June 29, 1998)
Abacus MineralsAber ResourcesAJ Perron GoldAmbrex MiningAmerica Mineral FieldsAnglo AmericanArimetco InternationalAsarcoAtna ResourcesBaltic ResourcesBarrick GoldBattle Mountain GoldBirim GoldfieldsBl…
Court gives nod to Cheviot
Development of the Cheviot coal mine was given the green light by an Alberta court following an appeal by environmental groups to overturn an earlier recommendation approving the project.A year ago, a…
Brimstone Gold cuts high grades at Mayflower mine in Montana
Junior Brimstone Gold (BSC-V) has intercepted bonanza-grade gold from underground drilling below known reserves at the Mayflower mine in south-central Montana.The company encountered high-grade minera…
Ventures drill-tests prospects
Choosing to focus on its most advanced projects, Ventures Resource (VRS-V) has commenced a trenching and drilling campaign on the Veta and Flat gold properties in central Alaska.Most of the US$1.5 mil…
Greenstone drills new zone at La Libertad
Greenstone Resources (GRE-T) has discovered a new high-grade gold zone at its La Libertad property in Nicaragua.The new zone, dubbed Santa Elena, is situated immediately northeast of the Crimea zone, …
BASE METALS — NovaWest buys into Grand Nord property
Vancouver-based NovaWest Resources (NVE-V) will acquire a half-interest in the Grand Nord polymetallic prospect in northern Quebec. The remainder will be held by project operator Falconbridge (FL-T).I…
BASE METALS — Feasibility gives thumbs-up to Varvarinskoye gold-copper project
With a positive feasibility study now in hand, Kazakhstan Minerals (KMC.U-T) plans to seek financing for its 86%-owned, past-producing Varvarinskoye gold-copper deposit.The study outlined a minable re…
BASE METALS — TVI aims to finance Canatuan project in the Philippines
Low prices for gold and base metals have resulted in a moderate first-quarter loss for TVI Pacific (TVI-T), hampering the company’s efforts to advance the Canatuan project on the southern Philippine i…
BASE METALS — Drill program in Peru aims for Antamina lookalike
Major companies rarely bother exploring properties unless they see potential for mineral deposits big enough, or rich enough, to make an important contribution to their bottom line. That, in a nutshel…
BASE METALS — Inco and Fort Knox team up to explore for nickel in Labrador
Junior Fort Knox Gold Resources (FNX-T) will get a helping hand from its major shareholder, Inco (N-T), in its quest for Labrador properties prospective for Voisey’s Bay-type nickel-copper-cobalt depo…