Ecuadorian consolidates Gaby holdings
Zappa Resources (ZPA-V) is set to deal its interest in the Gaby gold deposit in southern Ecuador to Ecuadorian Minerals (EMC-T).In a deal valued at US$1.6 million, Ecuadorian would take sole interest …
News
Walsh’s Bahamian assets frozen by bankruptcy trustee
Deloitte and Touche, the accounting firm acting as bankruptcy trustee for Bre-X Minerals, has obtained a court order freezing the Bahamian assets of former Bre-X chairman David Walsh.The injunction, g…
FINANCINGS (May 11, 1998)
Cimarron Minerals (CIU-V) has arranged a brokered private placement of 2 million special warrants at 32cents each, for gross proceeds of $640,000.Each special warrant is exchangeable for one share and…
Inmet looking for buyer for Antamina — Expansion planned for Troilus; Teck shares on block
Pressured by a September deadline to commit to the huge Antamina copper project in Chile, Inmet Mining (IMN-T) recently began talks with ten large base metal producers regarding a possible sale of its…
Gitennes drilling Alumbre
Gitennes Exploration (GIT-T) has moved two drill rigs on to the Alumbre gold pect at its Virgen property in north-central Peru in an effort to determine the extent of mineralization. Further stepout d…
Kinross Gold makes foray into Australia
In a deal worth US$5 million, Kinross Gold (K-T) has picked up two groups of properties in the prolific Eastern Goldfields region of Western Australia.The first, dubbed Mt. Henry, covers 545 sq. km ne…
ODDS ‘N’ SODS — Night shift in Alaska
Long ago, I was a young member of a party of gold hunters in south-central Alaska’s Talkeetna Mountains, and the rush was on to come up with tangible evidence of high-grade gold before winter set in.W…
EDITORIAL — Is the Asian economic crisis over? — Not yet, says IMF
Michael Camdessus, managing director of the International Monetary Fund (IMF), concedes that his organization’s effort to resolve the Asian economic crisis has generated plenty of skepticism.Speaking …
Orko, Greystar chalk up exchange listings
Among the companies recently listed for trading on the Vancouver Stock Exchange is Orko Gold (OK-V), a junior with property holdings in British Columbia.The company’s chief asset is the 1,175-ha Bonap…
TORONTO STOCK EXCHANGE INDICES (May 11, 1998)
1998May 5May 4May 1Apr. 30Apr. 29HighLowComposite…
Treminco acquiring Montana gold mine — Newmont unit to get cash, shares
Junior Treminco Resources (TMO-T) has signed a letter-of-intent with two subsidiaries of Newmont Gold (NGC-N) to acquire the Elkhorn gold project in Montana.Treminco must issue 550,000 shares and pay …
Index (May 04, 1998)
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