Index (October 26, 1998)
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News
VenCan wins day in court
An Ontario Court has denied River Gold Mines’ (RIV-T) request to relieve it from forfeiture of a lease to operate the Edwards gold mine northeast of Wawa, Ont.The decision came a day after mine owner …
TSE INDICES (October 26, 1998)
1998Oct. 20Oct. 19Oct. 16Oct. 15Oct. 14HighLowCom…
DIAMONDS — Platinova continues search in Greenland
Platinova (PAS-T) has wrapped up summer field work at its diamond properties in west-central Greenland.The company evaluated some 50 geochemical and geophysical targets for kimberlite-pipe potential a…
DIAMONDS — Guibord ruby counts indicate potential
Testing and mineral counts on a bulk sample from a property owned by Tandem Resources (TDM-M) in northeastern Ontario are confirming ruby mineralization in a kimberlite found there in 1996.Test work b…
MINING MARKETS & INVESTMENT NEWS — Glamis acquires Mar-West
Reno, Nev.-based Glamis Gold (GLG-T) has acquired Mar-West Resources.Glamis issued 7.5 million shares and paid $6.7 million cash to complete the deal. For every two shares held, stockholders of Mar-We…
THE NORTHERN MINER — SMALL PRODUCERS INDEX (October 26, 1998)
96.63 (-1.20)(Sept 30/98 = 100)…
DIAMONDS — Ekati mine new jewel in Canada’s crown
A Canadian mine opening that attracts two cabinet ministers, a raft of federal and territorial politicians, aboriginal leaders, top mining executives from Down Under, a planeload of reporters, and a c…
Winspear, Aber expand Camsell Lake’s potential
The final five holes of the fall drilling program have expanded the tonnage potential of the NW Snap Lake dyke at the Camsell Lake property in the Northwest Territories.The drilling has been suspended…
DIAMONDS — Pinewood examines Afridi
Hoping to imitate its neighbor’s success, Pinewood Resources (PNW-V) is carrying out an airborne electromagnetic and magnetic survey at its Afridi Lake diamond project, 320 km northeast of Yellowknife…
Juniors step up pace in Newfoundland — Altius, Noveder among companies involved in grassroots programs
While exploration activity may have cooled in Labrador, across the Strait of Belle Isle in Newfoundland many juniors and majors are once again targetting base metal and gold prospects.What follows is …
DIAMONDS — Like a shot-gun blast from below
Diamond deposits begin forming 150-200 km below the thickest portion of the earth’s crust, where the right combination of cool temperatures and high pressures converts carbon not into the more common …