Gitennes sizes up Rio Suro gold-silver zone
Gitennes Exploration (GIT-T) has received a preliminary resource estimate for the Rio Suro zone at its Virgen project in north-central Peru.An independent calculation by Roscoe Postle Associates indic…
News
Prime sets shareholder meeting
At a meeting scheduled for Dec. 1, shareholders of Prime Resources Group (PRU-T) will be asked to approve a bid by Homestake Mining (HM-N) for the 49.4% of the company that it does not already own.Und…
Kennecott finds second pipe
Kennecott Canada is two-for-two so far on the Legend property in northeastern Alberta. The Rio Tinto (RTP-N) subsidiary has intersected its second kimberlite body while drilling the Roc anomaly, the s…
METAL PRICES (October 26, 1998)
BASE METALS (London Metal Exchange-Midday official cash/3-month prices, US$ per tonne)DateOct. 20Oct. 19Oct. 16Oct. 15…
DIAMONDS — Speculation grows that BHP could sell stake in Ekati
SPECIAL TO THE NORTHERN MINERThe finishing touches were barely in place at the Ekati mine when analysts and fund managers began speculating that Broken Hill Proprietary (BHP-N) might sell its controli…
Focal focuses on Nicaraguan properties
Focal Resources (FCJ-A) has completed a deal with High River Gold (HRG-T) to acquire three exploration properties in Nicaragua.The company now holds 100% interests in the Rio Siquia, Santo Domingo and…
DIAMONDS — Production by Juina Mining delayed in Brazil
A dip in its stock price has prevented Juina Mining (GEMM-O) from raising the necessary financing to begin production at an alluvial diamond concession in southwestern Brazil.The Reno-based junior had…
DIAMONDS — Archon gains piece of Buffer Zone claims in NWT
Archon Minerals (ACS-V) has been given the green light by the Vancouver Stock Exchange to acquire a 31.2% participating interest in the Buffer Zone diamond claims, near the Ekati mine in the Northwest…
DIAMONDS — Trans Hex renews quest for Brazilian diamonds
Trans Hex International (THI-T) is once again searching Brazil’s river systems for alluvial diamonds.The Toronto-based company’s latest venture centres on a 49,000-ha property stretching along 50 km o…
EDITORIAL & OPINION — ODDS ‘N’ SODS — Paternal spring
In the spring of my first year at Central Manitoba Mines, in 1925, I took my eldest boy, Hod, out of school and into the gold camp with me. He was overgrown for his age, not yet 16, and I thought a pe…
Careers (October 26, 1998)
Lovat Inc. is the Canadian-based world leader in the custom design and manufacture of Tunnel Boring Machines utilized in the construction of tunnels for the transportation, sewer and water main, minin…
MINING MARKETS & INVESTMENT NEWS — Caledonia looks to regain listing
Toronto-based Caledonia Mining has been dropped from the Nasdaq board for failure to keep its head above the minimum trading level of US$1.However, the company is negotiating with CIBC Wood Gundy to r…