METAL PRICES (March 15, 1999)
BASE METALS (London Metal Exchange-Midday official cash/3-month prices, US$ per tonne)DateMar. 9Mar. 8Mar. 5Mar. 4…
News
Resources upped at Meliadine West
Inferred resources at the Meliadine West gold project near Rankin Inlet, N.W.T., have increased by nearly two-thirds, to 6.5 million contained ounces.WMC International, operator and 51%-owner of the p…
EXPLORATION 1999 – Chesbar keeps on trucking in Venezuela gold camp
Undaunted by the withdrawal of a potential senior partner and armed with almost $1 million from a recent financing, Chesbar Resources (IND-V) continues to explore its 95-sq.-km property holdings in Ve…
PEOPLE — IMA Expl.
Gerald Carlson appointed director and chairman.
MINING MARKETS & INVESTMENT NEWS – U.S. MARKETS — Dow hits all-time high
The Dow Jones industrial average shot to an all-time high of 9,736.08 points in the middle of the report period ended March 9, only to fall off to finish the week at 9,693.76, up 396.15 points, or 4.3…
EXPLORATION 1999 – Corner Bay advances Alamo Dorado in Mexico — Infill drilling planned for potential silver producer
Eighteen months ago, while scouting around Mexico’s Sonora state, Corner Bay Minerals (BAY-T) noticed what appeared to be a mineralized ridge on an unexplored property near the town of Alamos. The jun…
Nuinsco resumes drilling — Noranda, Falco pick up ground
The eyes of the junior market are back on Nuinsco Resources (NWI-T) as the company resumes drilling at its Lac Rocher nickel prospect, 100 km northeast of Matagami, Que.Nuinsco has established its cam…
EXPLORATION 1999 — General Minerals drills iron project in Chile
At the Imam iron prospect in central Chile, General Minerals (GNM-T) has begun drilling the first of five holes designed to test a new geological interpretation.The Iman anomaly was first discovered b…
EXPLORATION 1999 — Celtic stakes more Newfoundland ground
Convinced of central Newfoundland’s mineral potential, Celtic Minerals (CME-A) has staked 111 more claims.The Alberta-based junior already owns varying interests in 10 properties in the region. Six of…
EXPLORATION 1999 — Senior producers bulk up with mega-projects — Antamina, Pascua among properties with large-scale promise
The pressure to expand is prompting senior mining companies to seek out huge, low-cost orebodies that will give them a leg up on their competitors.Around the world, Canadian miners are pumping hundred…
EXPLORATION 1999 – Minco drills beneath Chinese producer — Junior hopes for rapid development at low capital costs
Partners Minco Mining & Metals (MMM-T) and Teck (TEK-T) are encouraged by results from four diamond drill holes on the White Silver Mountain polymetallic project in Gansu, a province in north-central …
Tailings accident was avoidable: study
An independent consulting firm has concluded that design and construction deficiencies contributed to the failure of the Aznacollar tailings dam owned by Boliden’s (BOL-T) Spanish subsidiary, Boliden …