World Wide forms gold subsidiary
World Wide Minerals (WWS-T) has transferred all of its gold assets to a newly created subsidiary, Libra Gold.The shares of Libra Gold will be distributed to World Wide shareholders on a pro rata basis…
News
GEOLOGY 101 — Paleoplacer gold deposits, Pt. 2
.BDerek WiltonPaleoplacer gold and uranium deposits are generally mined as underground operations, as the hard-rock host material is usually deep beneath the earth’s surface.The gold mines in South Af…
DIAMOND PAGE — Drilling to begin at Tandem’s ruby-diamond project
An 11,000-ft. diamond-drilling program is set to begin at Tandem Resources’ (TDM-T) unusual ruby-diamond discovery in Guibord Twp., situated east of Matheson, Ont.On the G-1 discovery pipe, a 20-ton s…
DIAMOND PAGE — America Mineral Fields plans work in Angola
America Mineral Fields (AMZ-T) is planning to begin a sampling and trial mining program this year at the Cuango prospecting lease in Angola, believed to be prospective for large, high-quality diamonds…
STOCK MARKETS — Western markets slip as composite, mining lose footing — Few juniors able to weather foul investor mood
The Vancouver Stock Exchange composite index dropped 38.16 points, or 6.2%, to close at 579.20 over the report period ended Jan. 13. The mining index also took a beating, falling 40.29 points, or 7.9%…
PRODUCER AND DEALER PRICES (January 19, 1998)
Aluminium: LME settlements US$1,459.50, alloy US$1,315 per tonne (Jan.13/98).Antimony: Representative mid-market US$1,685 per tonne (Jan. 13/98).Bismuth: Representative mid-market US$3.25 per lb. (Jan…
Potash Corp. adds Potacan to holdings
The Potash Corporation of Saskatchewan (POT-T) has signed a letter of intent to purchase all the outstanding shares of potash producer Potash Company of Canada (Potacan) from equal partners Kali und S…
Queenston drilling extends Anoki zone
Recent drill results have proven the Anoki gold deposit near Kirkland Lake, Ont., to be larger than previously thought.Operator Queenston Mining (QMI-T) recently released results from two new drill ho…
Phelps Dodge and Silver Century continue work at Stoke property — Silver C explores remaining Ontario and Quebec prospects
Operator Phelps Dodge (PD-N) and joint-venture partner Silver Century Explorations (SVC-A) have resumed drilling at their Stoke and Ascot copper properties northeast of Sherbrooke, Que.The current exp…
Westmin expects another reserve boost at Fortuna
Ongoing drilling by Westmin Resources (WMI-T) is expected to boost reserves at the company’s wholly owned Fortuna de Cobre copper project in Chile.Westmin says the latest results indicate that the For…
Cyprus to farm in at Frieda River project in PNG
Cyprus Amax Minerals (CYM-N) has entered into a Heads of Agreement with Australia’s Highlands Pacific to acquire a 75% interest in the large Frieda River copper-gold project in the mountains of Papua …
Verena acquires Brazilan project
Toronto-based Verena Minerals (VMCO-C) has acquired 100% of a past-producing mineral project in the Brazilian state of Rio Grande do Norte.The Bonfim property was an underground scheelite mine that be…