The amended Mining Law
There has been talk of mining law reform in virtually every U.S. Congress since 1866. The battle over the Mining Law of 1872 in the current Congress is being led by California Democratic Representativ…
News
THE DIAMOND PAGE — Winspear, Aber pull more kimberlite in N.W.T.
Partners Winspear Resources (WSP-V) and Aber Resources (ABZ-T) have pulled more kimberlite from their Camsell Lake project, near Snap Lake in the Northwest Territories. A second vertical hole into Ano…
MOST ACTIVE ISSUES, May 21-27
ExchgVol(000s)CloseT.K.O. ResV83611.15Pure Gld ResT…
NEVADA — Homestake Mining adds — Ruby Hill to crown jewels — Construction under way for initial production in late ’97
Two years of exploration near Eureka Cty. in central Nevada are beginning to pay off for Homestake Mining (HM-N) as its Ruby Hill gold deposit nears production.The US$65.4-Million Ruby Hill project is…
Metal Prices — Daily Metal Prices (June 02, 1997)
BASE METALS (London Metal Exchange – Midday bid/ask prices in US$ per tonne)DateMay 27May 26May 23May 22May 2…
Nebex options Italian properties
A recent letter agreement sets the stage for Nebex Resources (NBX-T) to earn a 70% interest in three gold properties in southern Italy.To earn the interest from the vendors, Nebex must spend $1 millio…
KWG, Falco outline anomaly in DR
Early exploration efforts by partners KWG Resources (KWG-T) and Falconbridge (FL-T) on the Managua prospect in the Dominican Republic have proved fruitful.Managua, a 1.6-by-0.6-km induced-polarization…
Treminco gains stake in Bruceside
Treminco Resources (TMO-T) will pay $4 million to Newhawk Gold Mines (NHG-T) for its 60% interest in the Bruceside-Sulphurets gold-silver project in northwestern British Columbia.A $2-Million payment …
Northern Orion enters JV in Argentina
The Argentine subsidiary of Northern Orion Explorations (NNO-T) has formed a joint venture with Mexican silver giant Penoles on the Tres Hermanas property in Santa Cruz province.To earn a half interes…
NEVADA — Merger with Santa Fe pushes Newmont to top spot — Half of 1997 exploration and development costs earmarked for Nevada projects
With anticipated gold production of 3.7 million oz. in 1997 and 4.1 million oz. in 1998, Newmont Mining (NEM-N) is now North America’s largest producer of the yellow metal. In the world, it is second …
Pacific Rim to explore Leticia
Pacific Rim Mining (PFG-V) has formed a joint venture with Miranda Industries (MAD-V) on the Leticia concession in southern Mexico.Pacific Rim can earn a 51% interest in the 100-ha property by making …
NEVADA — Royaledge options ground
Under the terms of a lease agreement, Royaledge Resources (RYE-V) has acquired the mineral rights to 6,680 acres on the Carlin trend, near Newmont Gold’s Gold Quarry mining properties.Through a transa…