Mar-West eyes hot spring payoff
Asuncion Mita, Guatemala — Canadian junior Mar-West Resources (MSR-V) has made a potentially significant gold discovery at the Cerro Blanco hot spring gold prospect in southeastern Guatemala.Based on…
News
GOLD AND PRECIOUS METALS — Apex Silver and Excellon acquire polymetallic play
Apex Silver Mines (SIL-X) and Excellon Resources (EXN-V) have signed a letter of intent to acquire the Platosa property in Mexico’s Durango state.While formal terms of the agreement have not been disc…
GOLD AND PRECIOUS METALS — Semafo drills in Guinea
Delineation drilling on the Jean and Gobele deposits in Guinea, West Africa, continues to return healthy gold grades for Semafo (SMF-T).Results from recent drilling on the Jean A zone include 13 metre…
GOLD AND PRECIOUS METALS — Fremont to acquire Chilean property
Fremont Gold (fgld-o) has renegotiated the terms of its acquisition of the Laja gold property in central Chile’s Andacollo district.The terms, agreed to by Fremont and the local property owners in a l…
GOLD AND PRECIOUS METALS — Philex Gold struggles with projects in the Philippines
High production costs and a low gold price have caught up with Philex Gold (PGI-T), which has posted a $3.1-million loss for the quarter ended March 31.The company, which recorded a profit of US$2.6 m…
GOLD AND PRECIOUS METALS — Western Pacific hits gold
A geochemical program by Western Pacific Mining Exploration (WPC-M) has led to the discovery of a new gold showing on the island of Fauro, Solomon Islands.Eight grab samples from the showing, dubbed B…
GOLD AND PRECIOUS METALS — BYG hits high-grade
Diamond drilling by B.Y.G. Natural Resources (BYG-T) on its Mt. Nasen gold-silver property in the Yukon is returning encouraging results.Drilling there is exploring the northern extension of veins exp…
Meetings (May 25, 1998)
May 25, AlpetroMay 25, BomaxMay 25, GeomaqueMay 25, Heritage AmericanMay 25, NenecoMay 25, Pan AmericanMay 26, AltaiMay 26, Altoro GoldMay 26, BonusMay 26, DiamondWorksMay 26, FenwayMay 26, FootwallMa…
GOLD AND PRECIOUS METALS — Lyon Lake writes down properties
Citing continued low gold prices, Lyon Lake Mines (LLL-M) is writing down the value of its gold properties in Costa Rica and Canada.For the fiscal year ended Dec. 31, 1997, the Montreal-based junior r…
FACTS ‘N’ FIGURES — Evaluating gold’s slump
In Gold 1998, the latest annual survey of the gold market, Gold Fields Mineral Services (GFMS) focuses on the causes of the sharp fall in the gold price during 1997, when the average PM fix in London,…
LETTER TO THE EDITOR — Kikerk Lake credit
We were pleased to see that you featured our joint-venture property at Kikerk Lake, N.W.T. (T.N.M., May 11-17/98), but prefer that credit be given where it is due.Exploration on the Kikerk Lake joint …
MINING MARKETS AND INVESTMENT NEWS — Northern Abitibi insider active trader
The Ontario Securities Commission’s May 8 OSC Bulletin, shows that a director of Northern Abitibi Mining (NAI-A) was an active trader of that company’s shares in April.Jens Hansen exercised 500,000 op…