DIAMOND PAGE — K-14 diamond grade falls short
Diamond grades from the long-awaited processing of the K-14 bulk sample have proved disappointing for Ashton Mining of Canada (ACA-T).A 479-tonne sample collected by reverse-circulation (RC) drilling …
News
EXPLORATION – Marchmont moves into Eritrea
Calgary-based Marchmont Gold (MHM-A) has signed a letter-of-intent to purchase, in exchange for shares, a private company that has a majority stake in four gold properties in Eritrea The contract woul…
Companies (November 30, 1998)
C SECTIONAltius MineralsAnglo AmericanArca ExplorationsArgentina GoldAurizon MinesAvalon VenturesBarrick GoldBattle Mountain CanadaBattle Mountain GoldBillitonBoreal ExplorationBuchans Rive…
EXPLORATION – Trio Gold picks up Ghanaian gold property
Trio Gold (TGK-A) has acquired a half-interest in the Riyadh gold concession in Ghana, which it hopes to expand by means of drilling.The remaining half of the 98-sq. km property, situated 75 km southw…
EXPLORATION – Tasmania attracts diamond explorer
Australian-based Ashton Mining will explore for diamonds on a 1-million-acre land package in Tasmania under an agreement with Pacific-Nevada Mining, a wholly owned subsidiary of Euro-Nevada Mining (EN…
Careers (November 30, 1998)
Wabush Mines has an immediate opening at the site of its open pit and ore dressing complex in Wabush, Labrador, for an:Electrical SupervisorAmong other responsibilities, you will coordinate the activi…
EXPLORATION — Aurizon extends gold zones
The first results from Aurizon Mines’ (ARZ-T) ambitious drilling program at the Casa Berardi mine in northwestern Quebec have extended the gold-mineralized zones both laterally and at depth below the …
SPOT PRICES (November 30, 1998)
Wednesday November 25, 1998Price (US)Week’s ChangeGold*$296.20+$1.80Silver*$ 4.92…
Cameco cuts back production
In response to persistently low uranium prices, Cameco (CCO-T) plans to reduce uranium production from the Key Lake and Rabbit Lake operations in Saskatchewan.At the same time, uranium conversion serv…
EXPLORATION – Leeward ponders merger proposals
Management of Leeward Capital (LWC-A) is engaged in discussions for a possible merger with a company for the purpose of financing ongoing work at the Pistol Lake gold project in the Bathurst Inlet reg…
EDITORIAL & OPINION — NEW HORIZONS — Stopping a car with gold
Twenty-eight million cars and light trucks built over the past four years in North America have factory-installed, life-saving anti-lock braking systems (ABS). Of all the materials available in the wo…
EXPLORATION – Dianor picks up more ground
Dianor Resources (DOR-M) has acquired four mining properties and an exploration permit in the James Bay area of Quebec from privately held Ressources Aurter.The five areas, totalling 7,460 ha, were ac…