Anyone counting on a resurgence in the price of gold in 1999 may want to reconsider. London-based research firm Gold Fields Mineral Services predicts the yellow metal will continue to trade between US…
Metal stocks (in tonnes) held in London Metal Exchange warehouses at Jan. 19/99 (change from Jan. 12 in brackets):MetalStocks (tonnes)Change…
A report in our Dec. 28/98-Jan. 3/99 issue included incorrect information on the ownership of the Rosia Montana property in Bulgaria.The property is wholly owned by Bulgarian-based Euro Gold. Gabriel …
The fate of the controversial New World project in Montana and its owner, Crown Butte Resources, was sealed last year by the personal intervention of American President Bill Clinton and Vice-President…
The International Geological Correlation Project is offering a trip to the copper-gold-silver deposits of Uzbekistan from Aug. 27 to Sept. 3.Stops on the tour include the state-owned Daughyz open-pit …
Energold Mining (EGD-V) has begun a first phase of drilling at its Longyear concession in the Dominican Republic.The program is designed to test the oxide gold potential of a northwesterly trending, 3…
Drilling in the footwall at the Madsen gold mine in Red Lake, Ont., has intersected a gold-bearing structure similar to the producing Austin zone.Claude Resources (CRJ-T) drilled 144 holes totalling 1…
Most mineral exploration geologists are now familiar with the use of chemical analysis of rocks, soils, plants or water in determining concentrations of mineralization in bedrock.Historically, prospec…
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Vancouver-based Formation Capital (FCO-T) is raising $500,000 in a private placement of 1.25 million units.Each unit consists of one share and one warrant, and will be sold for 40 cents. A warrant wil…
Continued low copper prices dragged down earnings for Phelps Dodge (PD-N) in the last quarter of 1998.The company reported a fourth-quarter loss of US$9.8 million (or 17 cents per share) before non-re…
The Vancouver Stock Exchange composite index continued its slow climb, gaining 4.28 points to close the week ended Jan. 19 at 422.22. The mining index edged up 0.13 point and finished at 308.32. Meanw…
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