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…
News
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 …
Leader starts scoping study on Knife Lake project in Saskatchewan — Junior also bullish on potential for Voisey’s Bay extension in Labrador
While many of its peers chase opportunities abroad, Leader Mining International (LMN-A) remains firm in its belief that Canada still has the best exploration potential to offer.”The Canadian Shield st…
DRC plans program
Based on the results of recent geophysical surveys, DRC Resources (DRC-V) is planning to explore its wholly owned property in Ontario’s Timmins mining camp.Underlain by a sequence of north-south trend…
Meetings (May 04, 1998)
May 4, ColossalMay 4, CamfloMay 4, MillstreamMay 4, Phoenix GoldMay 5, Cambridge MineralsMay 5, Indo PacificMay 5, McWatters MiningMay 5, NorcalMay 5, Pan American SilverMay 5, SterlingMay 5, Tri-Late…
NEW MINES ROUNDUP — Noranda looks to 1999 start for Bell Allard
Operator Noranda (NOR-T) is looking to start production at the Bell Allard zinc-copper mine in Quebec’s Matagami region by the second quarter of 1999.Capital costs for the 2,000-tonne-per-day operatio…
NEW MINES ROUNDUP — Royal Oak forges ahead at Kemess
A recent US$120-million financing is enabling Royal Oak Mines (RYO-T) to complete construction of the Kemess gold-copper mine in north-central British Columbia.The open-pit mine is scheduled to come o…
MINING IN CANADA — Goldcorp finds new gold zone at Red Lake mine
Underground drilling at the Red Lake mine in northwestern Ontario has expanded one gold zone and led to the discovery of another, Goldcorp (G-T) reports.The company recently completed 135 diamond dril…