Correction (February 09, 1998)
Previous owners of the Wenatchee gold project in Washington state spent $10 million exploring the Compton, Wenatchee Heights and Matthews properties. In our issue of Feb. 2-8, we incorrectly attribute…
News
Ourominas options properties
Junior Ourominas Minerals (OMI-T) has entered into option agreements on two properties in the Peixoto de Azevedo area of Brazil’s Mato Grosso state.The company has 90 days in which to review the geolo…
Falco profits drop
With decreased base-metal prices and problems at the Sudbury and Kidd Creek divisions, Falconbridge (FL-T) saw its earnings drop during its fiscal 1997 and its fourth quarter.The company’s consolidate…
Samax hits new gold vein in Ghana
Samax Gold (SMX-T) has identified a gold-bearing vein system on its 65%-owned Nkroful property in Ghana, West Africa.Drilling along a 300-metre-long portion of the Bokrobo vein system, called the Main…
Taparko advances to feasibility — Three zones on property showing open-pit potential
With a million-ounce gold resource indicated on its Taparko property in Burkina Faso, High River Gold (HRG-T) has announced plans to complete a feasibility study on the project.High River, which annou…
KazMinCo confirms Nurkazgan deposit
A prefeasibility study completed for Kazakhstan Minerals (KMC.U-T) has confirmed the resources of the Nurkazgan copper-gold porphyry deposit in central Kazakstan.The study outlined a resource of 213 m…
Northern Crown plans 1998 work program for Guadalupe
Based on the recommendations of a preliminary study, Northern Crown Mines (NCW-T) is preparing to advance its Guadalupe de los Reyes gold project toward final feasibility.The 88-sq.-km project lies 16…
COMMENTARY — The state of Europe’s mineral sector
Europe’s role as a mineral producer has been gradually diminishing over the years. The only important metals in which Western Europe is now a world player are iron, copper, lead and zinc. Production o…
Glimmer dispute remains unresolved
A court ruling has both sides of a mine ownership dispute claiming victory once again.The Glimmer gold mine in northeastern Ontario is held 65.35% by Exall Resources (EXL-T), with the remaining intere…
Asarco resolves issues with EPA
The U.S. Environmental Protection Agency has reached an agreement with Asarco (AR-N) concerning environmental issues at two of the company’s operations.The major has agreed to spend US$61.5 million on…
STOCK MARKETS — Silver rockets to US$7 as gold flounders — Base metal miners rally as nickel continues climb
The Toronto Stock Exchange 300 composite index ended the report period of Jan. 28 to Feb. 3 at 6,773.45, a gain of 51.73 points, or 0.8%, over the week.After dropping to an all-time low (versus the U….
Yakutia’s biggest gold company gets axe
The government of Yakutia is chopping up Sakhazoloto, the financial and industrial company that holds the licence to all gold fields in the Russian republic.Sakhazoloto is an amalgamation of Yakutia’s…