GEOLOGY 101 — Carlin-type gold deposits, Part 1
Sediment-hosted disseminated gold deposits consist of fine-grained gold in silty carbonaceous sedimentary rocks. These deposits occur in the Great Basin of the southwestern U.S.Regions in which this s…
News
GREATEST VALUE TRADED, Jan, 28-Feb. 3
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DIAMOND PAGE — Study gives Liqhobong project thumps-up
With a positive prefeasibility study in hand, Messina Diamond (MSC.U-T) plans to continue with sampling programs in order to complete a bankable feasibility study for its Liqhobong diamond project in …
Inco retrenches after fourth-quarter setback — Cost-cutting leads to closures in Sudbury
A fourth-quarter loss and greatly reduced profits have caused Inco (N-T) to step up the pace of its restructuring program.The giant nickel miner reported a loss of US$4 million for the last three mont…
LETTER TO THE EDITOR — Huckleberry mine not recognized
I was disappointed that no reference was made to Huckleberry Mines in your article “New Mines Open in 1997” (T.N.M., Jan. 5-11/98).The Huckleberry mine, which is owned 60% by Princeton Mining and 40% …
Birim tests Bui area licences
Soil-sampling and mapping programs are under way at the 7,000-sq.-km Bui area licences in central Ghana, reports Birim Goldfields (BGI-T).The Montreal-based junior has focused its efforts on Birimian …
PRODUCER AND DEALER PRICES (February 09, 1998)
Aluminum: LME settlements US$1,503.50, alloy US$1,319.50 per tonne (Feb.3/98).Antimony: Representative mid-market US$1,735 per tonne (Feb. 3/98).Bismuth: Representative mid-market US$3.50 per lb. (Feb…
Sampling continues at Edwards
The Edwards gold mine produced 30,412 oz. gold and 3,678 oz. silver in its first year of commercial production, reports 100%-owner VenCan Gold (VCG-M).Situated near Wawa in northwestern Ontario, the m…
Drill results add sparkle to Joya del Sol
Results from the first round of drilling are adding sparkle to the Joya del Sol (Jewel of the Sun) gold-silver project in southern Argentina.Sunshine Mining & Refining (SSC-N) has completed 41 shallow…
Murgor drills gold find
Montreal-based Murgor Resources (MUG-M) has entered the first phase of drilling at its Dorset gold property, near Mishubishu Lake in northwestern Ontario.The program is expected to total 1,500 metres,…
Newmont sails into black following profitable quarter — Sets record for highest gold output in U.S.
Despite a significant drop in the price of gold, Newmont Mining (NEM-N) and Newmont Gold (NGC-N) made money in the fourth quarter, and for 1997 as a whole.Newmont Mining earned US$38.6 million (or 25c…
Cominco commits to second year at Bongara
Solitario Resources (SLR-T) reports that Cominco (CLT-T) has made its second-year property payment on the Bongara zinc project in northern Peru.Solitario received US$300,000 from Cominco’s Peruvian su…