Production on rise for Greenstone
Production at the Central American gold mines of Greenstone Resources (GRE-T) is on track to reach 233,000 oz. gold in 1998, a substantial increase from the 63,563 oz. produced in 1997.For the first q…
News
geology 101
Banded iron formation-hosted gold deposits, Part 2Banded iron formation-hosted gold deposits are important in terms of Canadian and U.S. gold production, as illustrated by mines such as the Lupin and …
Ashanti poised for further growth
In early 1997, mining analysts from the London branch of Banque Paribas estimated that it would be a year before the benefits of a restructuring undertaken by Ashanti Goldfields (AHD.U-T) would be fel…
METAL PRICES – Daily Metal Prices (May 04, 1998)
BASE METALS (London Metal Exchange-Midday bid/ask prices in US$ per tonne)DateApr. 28Apr. 27Apr. 24Apr. 23Apr…
Rift reports African intersections
Encouraging results are reported from the first phase of exploration at the Silobela gold property in central Zimbabwe.Toronto-based Rift Resources (RIF-V), which is earning a half-interest in the pro…
Ungava option killed
Ungava Minerals (UNGV-C) has terminated its previously announced option agreement with High North Resources (HNRI-C) (formerly Canadian States Resources) regarding claims and permits in the Ungava tro…
Bema looks to Russia for future growth
The economics of an advanced-stage deposit in the Russian Far East containing 1 million gold-equivalent ounces are strong enough that Bema Gold (BGO-T) is making a bid to acquire its 79% owner, Britis…
OBITUARY — Murray Pezim dead
Legendary stock promoter Murray Pezim died April 22 of an apparent heart attack. He was 77 years of age.Pezim was best known for his role in the discovery of the Hemlo gold camp in Ontario and the Esk…
CORRECTION (April 27, 1998)
In our April 13 report on Cameco’s (CCO-T) Cigar Lake project, we stated that the Midwest project “has yet to be granted government approval.” In fact, the Midwest project received approval from the g…
FINANCINGS (April 27, 1998)
Riverdance Resources has closed a $152,000 private placement consisting of approximately 1 million units priced at 15cents.Each unit consists of one share and one warrant entitling the purchase of an …
NEWS IN BRIEF (April 27, 1998)
Blue Ribbon Resources (BLO-V) has changed its name to New Blue Ribbon Resources (NBL-V) on a 1-new-for-5-old-share basis.
Index (April 27, 1998)
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