Holloway below expectations
The current slump in gold prices is taking its toll on Teddy Bear Valley Mines (TBY-T), the 15.35% owner of the Holloway gold mine in northeastern Ontario.Operated by Battle Mountain Canada (BMC-T), w…
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LME WAREHOUSE LEVELS (February 02, 1998)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at Jan.27/98 (change from Jan. 20 in brackets):MetalStock(tonnes)Change…
Drilling continues at Vueltas del Rio
Infill drilling at one of the two main zones of the Vueltas del Rio gold project in northwestern Honduras continues to intersect impressive mineralization for property owner Geomaque Explorations (GEO…
Two miners die in rockfall
Two miners died in a recent rockfall at the Quinsam coal mine, 22 km north of Campbell River, B.C.Hillsborough Resources (HLB-T) reports that three miners were trapped when the tunnel in which they we…
Mispec outlines resource at Jampang
Operator Mispec Resources (MPE-M) has calculated a resource for three closely spaced zones on its Jampang gold property in West Java, Indonesia.The combined resource for the Lipi, Pasir Keusik and Put…
Etruscan to sell property
The Hackett River base metal property is about to change hands.NovaGold Resources (NRI-T) has announced plans to acquire Hackett River Resources, which has a 53% interest in the property, situated 400…
Junior active in Congo
Newly listed Magnesium Alloy (MGAC-C) has set its sights on becoming a major producer of magnesium metal.Toward that end, the junior has acquired two exploration permits in the Kouilou region of the D…
Major eyes MacMillan copper prospect in Peru
Rio Tinto Mining & Exploration has set its sights on a copper-porphyry project held by Toronto-based MacMillan Gold (MMG-T) in the northern Ancash department of Peru.The major can earn a 51% interest …
Nebex funds Albanian venture
Nebex Resources (NBX-T) will use the proceeds from a $1.9-million private placement to fund work at the Munelle polymetallic deposit in Albania.Late last year, the company received government approval…
Patrician raises funds through share issue
Patrician Gold Mines (PXX-A) has raised $400,000 to continue exploring several of its gold and base-metal properties in the vicinity of Timmins, Ont.The company recently closed two separate private pl…
Gold Canyon drills Springpole
Junior Gold Canyon Resources (GCU-V) has begun a 2,400-metre program of diamond drilling at its Springpole gold project, 113 km northeast of Red Lake, Ont.The program will focus on the East Extension …
Alta pours gold at Griffon
Alta Gold (ALTA-Q) has poured its first gold at the Griffon heap-leach mine in Nevada’s White Pine Cty.When development began in July, reserves were deemed sufficient for only two years of mining. How…