Trans Hex pursues alluvial gems
Trans Hex International (THI-T) continues to explore for alluvial diamonds in Brazil, Namibia and Zimbabwe.In eastern Brazil’s Minas Gerais state, along the banks of the Rio Grande River, the company …
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PRECIOUS METALS — Newmont picks up Alaskan gold play
The Alaskan subsidiary of Newmont Mining (NEM-N) has optioned the Gold Dust property in the Tintina gold belt of eastern Alaska from Vancouver’s Great Quest Metals (GQ-V).Newmont Alaska can buy the 5,…
NEWS ROUNDUP — Major General, Cameco hit gold
One hot hole does not a mine make. Nonetheless, partners Major General Resources (MGJ-V) and Cameco (CCO-T) are justifiably encouraged by the results of recent drilling at the Despinassy property, 70 …
NEWS ROUNDUP — Drilling hits gold at Windfall Lake
A 7-hole drilling program by Inmet Mining (IMN-T) has led to the discovery of multiple gold zones in altered, sheared felsic volcanic rocks at the Windfall Lake property in Quebec’s Urban Twp., 100 km…
Junior explores in Newfoundland
Junior United Carina Resources (UCA-V) has begun exploring its Linear Group property, near Gander, Nfld.Through a program of line-cutting, induced-polarization surveys and soil sampling, United Carina…
MINING MARKETS & INVESTMENT NEWS — U.S. MARKETS — Metal prices punish producers
The Dow Jones industrial average slid 305.86 points, or 2.8%, during the report period ended May 25, while gold continued eroding and copper resumed its downward trend.Mining issues suffered for the w…
TSE INDICES, May 19 – 25
1999May 25May 24May 21May 20May 19HighLowComposit…
Juniors close deal
With both companies’ boards signing a final merger agreement, Queenstake Resources (QTR-T) and Santa Cruz Gold (SCG-T) are set to seek shareholder approval for the merger.Under the merger plan, both c…
QUERY — Aconic, Lomega both gone
Could you check to see whether the companies on the enclosed certificates, Aconic Mining Corporation and Lomega Explorations Limited, still exist, or whether they are under another company name? Anyth…
PRECIOUS METALS — Lac des les still battling for profits
By the end of June, North American Palladium (PDL-T) expects to complete a program of drilling and metallurgical testwork at Lac des les, Canada’s only primary platinum group metals mine.Once results…
PRECIOUS METALS — Aurizon finds more gold at Casa Berardi
The Casa Berardi property in northwestern Quebec has yielded more gold to owner Aurizon Mines (ARZ-T).Ongoing definition and stepout drilling hit several wide intervals in Zone 113 and west of the Low…
PRECIOUS METALS — Rubicon options property
Vancouver-based Rubicon Minerals (RMX-V) has optioned one of its properties in Ontario’s Red Lake mining district to Royal Roads (RRO-A).According to the deal, Royal Roads can earn a 51% interest in t…