Newmont teams up with Tan Range in Tanzania
Returning to Africa after an absence of several years, Newmont Gold (NM-N) has signed a preliminary option agreement with Tan Range Exploration (TNX-A) concerning four of the junior’s gold prospects i…
News
EXPLORATION 1999 – Monopros tests Saskatchewan kimberlites
Having completed a bulk-sampling program at the Fort la Corne diamond project in Saskatchewan, Monopros is preparing to treat the samples at its Canadian plant before shipping them to the South Afri…
EXPLORATION 1999 — Scorpion, Aurora partners in Kalimantan
With mineral properties once worth millions now going for a song, Australian companies have been making deals with the few Canadian juniors still holding prospective ground in Indonesia.The latest all…
Juniors drill Rolling Pond
Partners Altius Minerals (ALS-A) and Sulliden Exploration (SUE-N) have completed preliminary drilling at their Rolling Pond gold property in central Newfoundland.Five holes totalling 984 metres tested…
EXPLORATION 1999 – Foran to raise $4.5m for McIlvenna
Junior Foran Mining (FOM-V) intends to raise $4.5 million in a private placement, with most of the proceeds earmarked for ongoing drilling at the McIlvenna polymetallic deposit in northeastern Saskatc…
EXPLORATION 1999 – Yamana revises resource
Mining consultant Micon International has upgraded the silver resource at the North Bacon property in Patagonia region of southern Argentina, Yamana Resources (YRI-T) reports.The revised estimate cove…
EXPLORATION 1999 – Orvana expands Don Mario deposit
Drilling by Orvana Minerals (ORV-T) is expanding the size of the Don Mario gold project in eastern Bolivia, near the Brazilian border.The junior encountered ore-grade mineralization in two of five rec…
MINING MARKETS & INVESTMENT NEWS – INSIDER TRADING — Etruscan execs discard options
Recent insider trading transactions reported by the Ontario Securities Commission in its OSC Bulletin, include the following:Etruscan Resources (EET-T) — Glenn Holmes, officer, disposed of 300,000 op…
EDITORIAL & OPINION – COMMENTARY — Resource estimation and geological constraints, Part 2
Without a doubt, the most important step in deposit resource estimation is formulating a well-constrained geological model for the orebody, its shape and the structure and stratigraphy that controls i…
SPOT PRICES (March 15, 1999)
Precious MetalsPrice (US)ChangeGold$291.50+$4.85Silver$ 5.24-$0.11…
EXPLORATION 1999 — Hecla begins drilling in Chile
Hecla Mining (HL-N) will put down 20 reverse-circulation holes in a 4,000-metre program aimed at testing three targets on the Cacique gold property in north-central Chile.The largest of these targets …
EDITORIAL & OPINION – FACTS ‘N’ FIGURES — Price rise undercuts palladium market
The volatility of palladium supply and the consequent rise in prices put the long-term future of the palladium market in doubt, according to a new study.As prices of platinum and palladium converge, o…