Golden Star eyes Birim
In order to secure more feed for its newly acquired Bogoso gold mine and mill in Ghana, Golden Star Resources (GSC-T) has launched a takeover bid for Montreal-based explorer Birim Goldfields (BGI-T).B…
News
Bissett mine expansion to go ahead
With this year’s production figures indicating signifcant cost improvements, South African miner Harmony Gold (HGMCY-Q) has approved a $6-million expansion program for its Bissett operation in eastern…
EDITORIAL & OPINION — ODDS ‘N’ SODS — Developing Granduc
The Granduc mine is a classic case of an isolated mine project, as the orebody was bounded by the Leduc glaciers to the east, west and north and the Frank Mackie glacier to the south. The nearest comm…
Avalon finds tantalum at Raleigh Lake
Avalon Ventures (AVL-V) has discovered tantalum mineralization in pegmatite dykes at the Raleigh Lake property, near Ignace in northwestern Ontario.One grab sample yielded a value of 0.22% Ta2O5 plus …
PEOPLE — Gold Canyon (September 06, 1999)
James Freeman appointed vp communications.
Valerie, TVX form joint venture in Ecuador
Valerie Gold Resources (VLG-V) has inked a deal with TVX Gold (TVX-T) for a 50-50 joint venture in the Santa Barbara gold-copper property in north-central Ecuador.The 10,000-ha property, which consist…
MOST ACTIVE ISSUES, August 25-31
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MINING MARKET & INVESTMENT NEWS — U.S. MARKETS — Miners mixed as metal prices rise
The Dow Jones industrial average came off its high with four consecutive days of losses amid further fears about interest rates. The market was down 454.02 points, or 4%, to close at 10,829.28 for the…
TSE INDICES — Aug. 25 – 31, 1999
DateAug. 31Aug. 30Aug. 27Aug. 26Aug. 25HighLowCom…
NEWS ROUNDUP — Rift begins African drilling
A 2,000-metre drill program is under way at the Adi Nefas and Doop properties owned by Rift Resources (rif-v) in Eritrea.At Adi Nefas, a volcanogenic massive sulphide deposit, the company is attemptin…
NEWS ROUNDUP — South Malartic acquires past producer
South Malartic Exploration (MSU-M) has picked up a gold silver property 50 km northeast of Trois-Rivires, Que.Past exploration on the 765-ha property uncovered an indicated resource of 400,000 tonnes…
Committee to devise exploration guidelines
The Toronto Stock Exchange (TSE) and three national mining groups will forge guidelines related to exploration reporting and best practices, as recommended in a report released earlier this year by th…