Weak markets hamper Lenora
Weak gold markets have left Greater Lenora Resources (GEN-T) unable to fund this year’s plans for the Goldfields project in northern Saskatchewan.Early this year, Lenora reported that full-scale devel…
News
MINING MARKETS & INVESTMENT NEWS — EASTERN MARKETS — Base metals stir as yellow metal tests new lows
The Toronto Stock Exchange fell slightly over the period ended June 15, giving up modest gains made in the previous five trading days. The TSE 300 composite index was 71.88 points lower at 6,865.82, a…
CORRECTIONS (June 21, 1999)
A report, in our June 7 issue, on Major General Resources’ (MGJ-V) Hammerdown gold project contained incorrect information about the size of a recoverable gold resource. The Newfoundland project conta…
DIAMOND PAGE — Rio looks to French Guiana for diamonds
London-based Rio Tinto (RTP-N) has entered into an agreement with Guyanor Ressources (GRL.B-T) to explore for diamonds in central French Guiana.The major can earn up to a 70% interest in the Dachine d…
PEOPLE — Sterlingmarc Mining
Stuart Rogers, Thomas Wharton and Reginald Labonte appointed directors.
PEOPLE — Mongolia Gold
D.R. Webb, R.G. Sylvestre, Alan Tambosso and George Malby appointed directors.
PEOPLE — Glacier
Melvin Reeves appointed director.
PEOPLE — Future
John Arlitt appointed director.
PEOPLE — Broadlands
Rodney Samuels appointed director.
LETTER TO THE EDITOR — Mine still producing
The story “Junior eyes rare pegmatite,” (T.N.M., May 31-June 6/99) states that “the Tanco mine in Manitoba is currently processing only tailings.” This is incorrect. We last processed tailings in 1996…
Careers (June 21, 1999)
Wabush Mines has an immediate opening at the site of its open pit and ore dressing complex in Wabush, Labrador, for the following:Mining EngineerReporting to the Chief Mining Engineer, the mine engine…
NEWS ROUNDUP — Hornby Bay launches program
Having closed a $450,000 private placement to fund exploration, Hornby Bay Exploration (HBBY-C) has set up a 16-man camp and mobilized drilling equipment and supplies to the Mouse Lake camp near Kuglu…