FINANCING (May 04, 1998)
McBroom Resources — Offering Price & Description: $* — 1,000,000 Common Shs (Upon the Exercise of 1,000,000 previously issued Special Wts).Vengold — Offering Price & Description: $41,175,000 – 22,5…
News
Juniors plan drilling on nickel prospect in Yukon
Glenhaven Resources (GNN-A) and Blackstone Resources (BZZ-V) are firming up plans to drill at the Taiga nickel-zinc property, situated 120 km northeast of Dawson City, Y.T.The companies expect to mobi…
MINING MARKETS AND INVESTMENT NEWS – WESTERN MARKETS — ASE outshines Vancouver as golds make modest gains
The Vancouver Stock Exchange composite index dropped 12.98 points to close at 619.53, whereas the mining index fell below the 500 mark, to 490.01, for the report period ended April 28. However, the co…
MINING MARKETS AND INVESTMENT NEWS – EASTERN MARKETS — TSE falls on possible rate increases south of border
Speculation that the U.S. Federal Reserve Board may soon increase interest rates sapped some life out of the Toronto Stock Exchange 300 index, which lost 197.85 points during the report period ended A…
Partners hit gold at Despinassy
Drilling at the Despinassy gold property, 70 km north of Val d’Or, Que., has returned encouraging results for partners Major General Resources (MGJ-V) and Cameco Gold, a wholly-owned unit of Cameco (C…
Orvana makes progress at Don Mario
Vancouver-based Orvana Minerals (ORV-T) reports that progress is being made at its drill program on the Don Mario copper-gold deposit in eastern Bolivia.Assay results from 11 holes are “better than pr…
Plata tests zone in Peru
Preliminary exploration by Plata-Peru Resources (PPU-A) has confirmed the presence of base metal mineralization near its Pachapaqui mine in Peru.Work included ground geological mapping and sampling of…
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…
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…