PEOPLE — ACE DEVELOPMENTS (February 09, 1998)
Norman Bracht appointed director. John Miller appointed senior advisor to the board.
News
DIAMOND PAGE — Redaurum finds new partner
Toronto-based Redaurum (RRK-T) has signed Diamond Ventures Exploration (DVE), a wholly owned subsidiary of Australia-based Diamond Ventures, to a joint-venture agreement covering the Orapa North proje…
MOST ACTIVE ISSUES, Jan. 28-Feb. 3
ExchgVol(000’s)Close.ZSBarrick Gold T 1467226.70Placer Dome…
Akrokeri boosts gold output in Ghana
So far this year, production is up and costs are down for Akrokeri-Ashanti Gold Mines (AAGM-C), operator of a placer mine in Ghana, West Africa.The company produced about 3,636 oz. gold in January, up…
Fortune ups Sue-Dianne resource
Further drilling at the Sue-Dianne project near Mazenod Lake, N.W.T., has expanded the resource in the copper deposit.Operator Fortune Minerals (FT-T), which is earning a 50% interest in the project f…
Commissioning continues at Alumbrera
Commissioning of the Bajo de la Alumbrera copper-gold mine in northwestern Argentina is on schedule and on budget, reports Rio Algom (ROM-T).The company and its partners expect commercial production t…
SPOT PRICES (February 09, 1998)
Wednesday, February 4, 1998Price (US)Week’s ChangeGold*$295.20- $3.05Silver*$ 7.05…
TORONTO STOCK EXCHANGE INDICES (February 09, 1998)
1998Feb.3Feb.2Jan.30Jan.29Jan.28HighLowComposite…
GeoNova pulls gold
More than half of the holes sunk by GeoNova Explorations (GNE-M) at its Chevrier property near Chibougamau, Que., have intersected gold mineralization.The company sank 18 holes (4,275 metres) during a…
Banro boosts resources
Banro Resource (BNRS-C) has revised its resource estimates for the Twangiza and Namoya gold deposits in the Democratic Republic of Congo’s Kivu province.At Twangiza, the updated resource stands at 104…
Blue Emerald drills gold prospect
Drilling by Blue Emerald Resources (BER-V) is testing the Las Flores zone and other gold targets at the Quebrada de Oro project in northwestern Nicaragua.Las Flores, a stratabound zone, has been trace…
Cobre accepts Phelps Dodge takeover bid
With the price of copper falling and no other suitor coming forward, the management of Cobre Mining (CBU-T) has decided to submit to a takeover attempt by Phelps Dodge (PD-N).Cobre’s directors are rec…