Kinross working on the Railroad
Having selected several targets it considers to be of high calibre, Kinross Gold (K-T) has kicked off a drill program at the Railroad gold project in Nevada’s Carlin trend.The project, in which Kinros…
News
Caledonia seeks cobalt-copper in Congo
Junior Caledonia Mining (CAL-T) has entered into two joint-venture agreements with the state mining agency of the Democratic Republic of Congo.The partners will explore two cobalt-copper concessions a…
DIAMOND PAGE — Diadem funds work at Leek Springs, Mestiza
By means of a private placement, Toronto-based Diadem Resources (DIR-M) intends to raise $5.1 million for exploration and development work on the Leek Springs diamond project in northeastern Californi…
Laguna advances Rio Chiquito
With proceeds from a recent private placement in hand, Laguna Gold (LGC-T) is set to move ahead with a small open-pit operation at its Rio Chiquito property in Costa Rica.The company recently complete…
Abcourt drills Vendome property
Diamond drilling has expanded the Barvallee zone of silver-zinc mineralization at the Vendome property, 60 km northeast of Val d’Or, Que.Abcourt Mines (ABI-M) wrapped up a 9-hole, 1,500-metre program …
MINING MARKETS & INVESTMENT NEWS – U.S. MARKETS — Dow breaks into new territory
The Dow Jones Industrial average jumped nearly 150 points on July 15 to push the average to an all-time high. For the report period ended July 14, the Dow Jones climbed 160.50 points (1.8%) to close a…
ODDS ‘N’ SODS — Homage to an old timer
Seldom do we have the opportunity and privilege to pay tribute to a real “old timer.” Robert Ekloff was such a man.I recently read in the paper of his passing, at 97 years of age, and my mind went bac…
SPOT PRICES (July 20, 1998)
Wednesday July 15, 1998Price (US)Week’s ChangeGold*$292.80- $1.55Silver*$ 5.32…
Atna expands Wolf deposit in Yukon
With drill results pending, Atna Resources (ATN-T) is encouraged by the degree to which it is expanding the Wolf polymetallic property in southeastern Yukon.Of the 10 holes completed to date, eight ha…
GOLD FUNDS (July 13, 1998)
Gold Funds as of June 25, 1998BGRCentralNet Value$13.85$6.02Price$10.10$5…
Ditem seeks financing
Ditem Explorations (DIT-M) has made a private offering consisting of 500 units priced at $1,000 apiece. Each unit consists of 333 flow-through shares priced at $2.40 each; 84 common shares at $2.40 ea…
CORRECTION (July 13, 1998)
A June 29 article concerning the feasibility study completed at Niocan’s (NIO-M) niobium project near Montreal incorrectly stated that SNC-Lavalin owns the Met-Chem Pellemon Consortium. SNC-Lavalin ha…