Falco stanches flow of red ink
A period of expansion and development will begin to pay off for nickel and copper producer Falconbridge (FL-T), company president Oyvind Hushovd told shareholders at the company’s annual meeting.”Falc…
News
Drilling expands El Sauzal
Ongoing drilling at Francisco Gold’s (FGX-V) wholly owned El Sauzal project in the northwestern Mexican state of Chihuahua is attempting to expand the known gold mineralization.El Sauzal is a high-sul…
LATIN AMERICA — Intrepid finds silver lining in El Salvador
Buoyed by encouraging results from recent drilling, Intrepid Minerals (IAU-A) has planned a second-phase program to test a near-surface, bonanza silver discovery at its 75%-owned Zapote property in El…
NEWS ROUNDUP — Iriana eyes Indonesian properties
Vancouver-based Iriana Resources (IR-T) is considering acquiring the Indonesian properties of International Dunlap Minerals (IDZ-V).The two juniors stress that they will seek shareholder approval befo…
Companies (April 26, 1999)
Aber ResourcesAlta GoldAnglo AmericanAnglogoldArchon MineralsArgentina GoldBarrick GoldBolivar GoldfieldsCamecoCamnor ResourcesCamphor VenturesCancor MinesChampion ResourcesChandeleur Bay…
Strike ends at Con
Unionized mine workers at the Con gold mine in Yellowknife, N.W.T., have voted to accept a new collective agreement with owner Miramar Mining (MAE-T), ending a strike that started almost a year ago.De…
NEWS ROUNDUP — McWatters sells Dayton stake
Val d’Or, Que.-based McWatters Mining (MCW-T) has sold its 6 million shares of Dayton Mining (DAY-T), representing a 2.4% interest in that company.McWatters acquired the shares through its merger with…
LATIN AMERICA — Greystar, Conquistador explore in Colombia
Drilling at the Angostura gold-silver project in northeastern Colombia has returned impressive results for Greystar Resources (GSL-T).The Vancouver-based company drilled three infill holes from the sa…
MINING MARKETS & INVESTMENT NEWS — WESTERN MARKETS — VSE revives as juniors gain ground
The Vancouver Stock Exchange composite index closed at 435.48, up 5.63 points, or 1.3%, for the week ended April 20. The mining index climbed 9.77 points, or 3.23%, and closed at 312.51.Meanwhile, the…
NEWS ROUNDUP — Dumont Nickel prepares to drill
Toronto-based junior Dumont Nickel (DNI-M) and privately held International Kirkland Minerals have started a 1,000-metre, 6-hole drilling program on their Foreurs property, 1 km south of Nuinsco Resou…
MINING MARKET & INVESTMENT NEWS — Inter-Rock posts 1998 loss
Inter-Rock Minerals (IRO-T) has followed in the footsteps of many of its peers by posting a loss for 1998.The loss totalled US$1.42 million (or 9 cents per share), compared with a loss of US$1.79 (11 …
Anmercosa drills gold
Anmercosa Explorations, a subsidiary of Anglo American (ANGLY-Q), has drilled several shallow gold intersections at the Razorback licence in the Lupa goldfields region of southwestern Tanzania.Rotary …