METAL PRICES (April 26, 1999)
BASE METALS (London Metal Exchange-Midday official cash/3-month prices, US$ per tonne)DateApril 20April 19April 16Apri…
News
Northair hot on Venturina project
International Northair Mines (INM-V) continues to produce encouraging results at the Venturina project in Mexico’s Chihuahua state.The company is acquiring the project in return for paying US$138,000 …
LATIN AMERICA — Peru appears poised for mining revival
So common was gold in the ancient Incan empire that garments made of colourful feathers from jungle birds had more status than ones adorned by the yellow metal. Yet only now is Peru experiencing a gol…
LETTERS TO THE EDITOR — Band-Ore takes mines minister to task
Dear Chris Hodgson:The recent actions of the Ontario government with their “Lands For Life” policies appall me and my shareholders. The government has enacted a policy during the worst business cycle …
LATIN AMERICA — Medallion, Advanced team up at Gui Gui property
Medallion Resources (MDL-V) has entered into an agreement to earn a majority interest in the Gui Gui lead-zinc-silver property in northern Mexico.The property, currently held entirely by Advanced Proj…
DIAMOND PAGE — NAME CHANGE (April 26, 1999)
Chandeleur Bay Production (CYJ-V) has changed its name to Golden Raven Resources (GVN-V) on a 1-new-for-7-old-share basis.
AG boosts resources at Veladero
Argentina Gold (ARP-V) has tabled an updated resource estimate for its Amable and Filo Federico targets at the Veladero property in Argentina. Amable now has a total indicated and inferred resource of…
DIAMOND PAGE — Monopros discovers small pipe in NWT
Monopros has discovered a new kimberlite pipe between the 5034 and Hearne pipes on the AK property at Kennady Lake in the Northwest Territories.The Canadian exploration arm of De Beers Consolidated Mi…
Medinah buys properties
California-based Medinah Energy (MDIN-O) has acquired the Alto de Lipangue and Las Dos Marias gold properties, which comprise 5,000 ha in central Chile.The company paid US$10 million to the vendor, wh…
Converse resource doubles
A new resource calculation for the Converse gold deposit in Humboldt Cty., Nev., indicates there may be a substantially larger resource than had previously been estimated.Consulting firm Mine Developm…
LATIN AMERICA — NEWS ROUNDUP — Santa Cruz sells Lluvia de Oro
Toronto-based Santa Cruz Gold (SCG-T) is selling its suspended Lluvia de Oro gold mine in Mexico’s Sonora state.The company is to receive US$120,000 in cash from the unnamed buyer and will remove itse…
LATIN AMERICA — Pierina to be world’s lowest-cost producer
Peru’s mining industry will get a major shot in the arm this spring when Barrick Gold (ABX-T) officially opens its Pierina mine in the department of Ancash, 185 miles north of Lima.The valley-fill, he…