Dispute filed in Saskatchewan
James Parres, president of CopperQuest (COPQ-C), has filed a lawsuit against Ipsco, a Regina-based steel firm, over rights to ground south of Choiceland, Sask., believed to be prospective for diamonds…
News
GOLD FUNDS (October 26, 1998)
Gold Funds as of October 15, 1998BGRCentralNet Value$14.176.05Price$11.00…
William tightens belt in Europe, South America
Mid-tier gold producer William Resources (WIM-T) is implementing an operating plan designed to trim its European output and suspend South American production.At its flagship Bjorkdal open-pit mine in …
Barrick leaves Chesbar on its own
Barrick Gold (ABX-T) has advised Chesbar Resources (CBI-M) that it will not proceed with further investment in the company and will therefore forfeit its rights at the junior’s gold properties in the …
Falconbridge eyes Darnley Bay anomaly
Subject to due diligence and the approval of the Inuvialuit people of the western Arctic, Falconbridge (FL-T) plans to participate in the ground evaluation program of the Darnley Bay anomaly at Paulat…
Franco-Nevada picks up 25% of Inco VBN
Somebody, at least, is prepared to invest in nickel mining in Labrador: Franco-Nevada Mining (FN-T) has purchased just over 25% of the VBN shares of nickel producer Inco (N-T).The $50-million deal giv…
DIAMONDS — Diavik poised to become Canada’s second diamond producer — Rio Tinto, Aber Resources advance project to permitting stage, public meetings to follow
The recent submission to the federal government of an environmental assessment for the proposed Diavik mine in the Northwest Territories sets in motion the permitting process for what will be, in all …
More high-grade zinc at Bongara
Stepping out from known mineralization at the Bongara zinc property in northern Peru, partners Cominco (CLT-T) and Solitario Resources (SLR-T) have encountered more high-grade zinc.Some 500 metres nor…
LETTER TO THE EDITOR — Run for ounces leads to downfall of mines
Having been involved in one of the recent mine failures — Grouse Creek in Idaho — mentioned in the excellent article by James Whyte (“Recent history reveals trend in mine failures,” T.N.M., Sept. 28…
Maude Lake raises funds
Over the past three months, Montreal-based junior Maude Lake Exploration (MAU-M) has secured $200,000 from various provincial government bodies and pension funds.In August, Sodemex and Sodemex II each…
DIAMONDS — The Tli Kwi Cho fiasco
In the end, quality — not quantity — determines the economics of a diamond-bearing kimberlite. If the diamonds can’t be marketed as gems, the deposit — no matter how high-grade — is virtually wort…
DIAMONDS — Juniors ink deal with Delta
A unit of Australia’s Delta Gold has inked a deal with three Canadian juniors to explore for diamonds in southwestern Zimbabwe.The 5-year option agreement allows Delta to earn 51% of four diamond proj…