Ambrex reassesses Aripuana
Resampling an old drill hole has led to the discovery of high-grade gold mineralization in oxides at the Aripuana polymetallic property in northwestern Brazil.Operator Ambrex Mining (AMBX-C) reports t…
News
NEWS ROUNDUP — Crown Butte mulls dissolution
The saga of the expropriated New World mine in Montana is nearing its end as owner Crown Butte Resources (CBL-T) seeks shareholder approval to dissolve the company.This past summer, the company receiv…
NAME CHANGE (December 14, 1998)
Brazilian Goldfields (BGF-V) has changed its name to Brazilian International Goldfields (BZ-V) on a 1-new-for-4-old-share basis.
Las Huaquillas yields mixed results — Junior also signs deal to acquire Newfoundland gold property
Sulliden Exploration (SUE-M) has received mixed results from the latest six holes drilled at its Las Huaquillas property in the Cajamarca department of northern Peru.All six were collared in the San A…
INVESTMENT COMMENTARY — Iamgold gets nod for low costs at Sadiola Hill
First Marathon’s Kerry Smith is one of a growing number of mining analysts giving high marks to the financial performance of Iamgold (IMG-T) and the operating success of its Sadiola Hill gold mine in …
LME WHSE LEVELS (December 14, 1998)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at Dec. 7/98 (change from Dec. 1 in brackets):MetalStocks (tonnes)Change…
Orezone hits high-grade gold
Trenching by Orezone Resources (ORZ-M) has revealed a high-grade gold zone at the Intidougou property in Burkina Faso.Eight channel samples from a continuous zone of highly silicified, brecciated bed…
Eldorado posts 9-month loss, writedown
Eldorado Gold (ELD-V), which operates mines in Mexico and Brazil, suffered a writedown of US$100 million in the third quarter as a result of low gold prices.The total writedown includes US$39.2 millio…
Barrick launches takeover bid for Argentina Gold
Barrick Gold (ABX-T) has announced its intention to buy all outstanding shares Argentina Gold (ARP-V) for $4 each.With about 35.6 million shares outstanding, the takeover bid is worth $142 million pro…
CORRECTION (December 14, 1998)
A recent report about TVI Pacific Inc’s (TVI-T) plans to expand the Canatuan polymetallic project in the Philippines stated that two alternatives being considered would yield rates of return in excess…
DIAMOND PAGE — Lytton, New Indigo consider merger
Lytton Minerals (LTL-T) and New Indigo Resources (NDR-A) have resumed discussions regarding a possible amalgamation.The companies are 50-50 partners in the 684,000-acre Jericho project in the Northwes…
EDITORIAL & OPINION — GEOLOGY 101 — VMS deposits
Volcanic igneous rocks play a critical role in the formation of volcanogenic massive sulphide (VMS) deposits, which are important producers of copper, lead and zinc, as well as lesser amounts of gold …