Wyoming to begin mapping program
The Wyoming State Geological Society (WSGS) will begin mapping the geology of the Granite Mountains, where a large-tonnage, low-grade gold deposit was discovered in 1982.The 3-year project, which will…
News
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…
Samax hits more gold at Geita
Drilling by Samax Resources (SMX-T) has cut several wide intervals of gold mineralization at the Geita gold project in the Lake Victoria Goldfields district of Tanzania.Geita, which is wholly owned by…
Antares cuts gold at Ojolali
Operator Antares Mining and Exploration (ANZ-T) has revised resource estimates for the Tambang and Jambi gold-silver zones on its Ojolali property in Sumatra, Indonesia.Drill-indicated resources at th…
Xemac uncovers high-grade gold at Quebec property
Two new gold zones with impressive grades were identified by Xemac Resources (XEM-M) during a fall drill program at its Lac Barry project in Quebec.To date, 16 shallow diamond drill holes have tested …
TSE INDICES (January 19, 1998)
-1998-Jan. 13Jan. 12Jan. 9Jan. 8Jan. 7HighLowComp…
METAL PRICES (January 19, 1998)
BASE METALS (London Metal Exchange-Midday bid/ask prices in US$ per tonne)DateJan. 13Jan. 12Jan. 9Jan. 8Jan.
MOST ACTIVE ISSUES, Jan. 7-13
ExchgVol(000s)CloseWestmin ResT77035.40Barrick GoldT…
Echo Bay, Quest hit gold at Honduran property
Echo Bay Mines (ECO-T) has uncovered significant zones of gold mineralization during a 23-hole drill program at the Zopilote property in Honduras.Echo Bay is earning a 60% interest in the property fro…
Guyana hits more gold at Peters mine
Two recent holes drilled by Guyana Goldfields (GGFI-C) have intersected gold at the Peters mine property, a former producer situated in Guyana.From surface, hole 18 returned 122 metres grading 1.41 gr…
PEOPLE — WESTERN COPPER (January 19, 1998)
Thomas C. Patton appointed president and COO. Dale Corman appointed chairman and CEO.
Mazarin shifts focus back to industrial minerals
The weak Asian economy and low gold prices have led management of Mazarin (MAZ-T) to withdraw from gold exploration in order to refocus on the company’s industrial mineral operations in Quebec.Two yea…