Borneo Gold completes drill phase in Indonesia
Toronto-based Borneo Gold (BNO-V) has intersected two styles of gold occurrence during an initial phase of drilling on the Bunut epithermal project in West Kalimantan, Indonesia.Gold mineralization oc…
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GOLD FUNDS (October 19, 1998)
Gold Funds as of October 8, 1998BGRCentralNet Value$14.606.25Price$11.80$…
LME WHSE LEVELS (October 19, 1998)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at Oct. 13/98 (change from Oct. 6 in brackets):MetalStocks (tonnes)Change…
Atna drops Palmer base metal project
Atna Resources (ATN-T) has elected to back away from the Palmer base metal project in southeastern Alaska.The project was a joint venture with Rubicon Minerals (RMX-V). The two companies recently comp…
EDITORIAL & OPINION — GUEST COLUMN — A closer look at mining
Last month, I participated in the Mine Tour Program for Members of Parliament, organized by Mining Works for Canada. Through the program, I travelled to Timmins and spent an entire day touring the und…
Kennecott drilling confirms Legend kimberlite
Kennecott Canada has confirmed that the Phoenix discovery on the Legend property in northeastern Alberta is indeed kimberlite.Kennecott, a division of London-based Rio Tinto (RTP-N), made the find whi…
INDUSTRIAL MINERALS — Zemex pushes out stock dividend
Industrial minerals producer Zemex (ZMX-N) has declared a stock dividend.Shareholders of record on Oct. 19 will receive one additional share for every 50 shares held, payable on Nov. 2. Zemex has abou…
Ventures buys Alaskan time
Junior Ventures Resource (VRS-V) has re-secured the right to explore 3 million acres of central Alaska.The company negotiated a 2-year extension to its land holdings with the Alaska native corporation…
New mine plan cuts Gold Reserve’s costs at Las Brisas
By modifying its mine plan, Spokane Wash.-based Gold Reserve (GLR-T) has reduced estimated cash operating costs by as much as 24% at the proposed Las Brisas copper-gold producer in southeastern Venezu…
EDITORIAL & OPINION — Irrational exuberance gives way to gloom — Is this the bottom?
The morality plays of the Middle Ages used a stock cast of characters who personified the virtues and vices that tug the sleeves of the ordinary person. They generally ended with a cameo appearance by…
PEOPLE — Western Pinnacle
Ilya Rosenblum appointed president and director.
Prime hits silver at Corey
Prime Resources Group (PRU-T) has encountered a narrow interval of high-grade silver mineralization at the Corey property, held by Kenrich Mining (KRC-V) in northeastern British Columbia.The hole, whi…