Rayrock closes Daisy purchase
Rayrock Resources (RAY-T) has acquired the remaining 65% stake in the Daisy gold mine owned by sister company Inter-Rock Gold (IRO-T).The property was purchased for a total of about US$1 million cash …
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SPOT PRICES (October 12, 1998)
Wednesday October 7, 1998Price (US)Week’s ChangeGold*$298.85+$4.75Silver*$ 5.13…
Freewest targets gold at Golden Ridge
Junior Freewest Resources (FWR-T) is carrying out a trenching program at its Golden Ridge property on the border of New Brunswick and Maine.Golden Ridge covers 91 sq. km of contiguous claims, of which…
Careers (October 12, 1998)
Gold Fields LimitedGold Fields Ghana, a subsidiary of Gold Fields Limited, which is one of the largest gold producers in the world, has achieved full production at 300000 tons ore per month in the pla…
Royalty twins pick up Romarco’s Midas play
Franco-Nevada Mining (FN-T) and Euro-Nevada Mining (EN-T) have tightened their grip on the Midas district in northern Nevada by acquiring the properties of Romarco Minerals (R-T) in a stock deal value…
First Dynasty sells Sembakung
Singapore-based First Dynasty Mines (FDM-T) has severed its ties to Indonesia by selling an 80% interest in the Sembakung oilfields project to Equatorial Energy.Equatorial acquires US$15.5 million of …
Possible kimberlite in northern Alberta
Kennecott Canada Exploration has encountered a rock unit that it believes may be kimberlite while drill-testing the Phoenix geophysical target at the Legend property in northeastern Alberta.An ultrama…
Summo to develop Lisbon Valley copper
Denver-based Summo Minerals (SMA-T) has received approval to construct and develop the Lisbon Valley copper project in southeastern Utah.The go-ahead stems from a decision, by Deputy Chief Administrat…
Diagem funds Brazil work
To finance ongoing exploration in southwestern Brazil, Diagem International Resource (DGM-V) has raised $200,000 in a private placement.The company sold 1.1 million units at 18 cents each. A unit cons…
Atapa options Doherty ground
Atapa Minerals (AML-M) has signed a deal with privately held DCM Gold to acquire the Doherty Cooper gold property near Kirkland Lake, Ont.Atapa can acquire a full interest in the eight claims that mak…
Newmont, SW Gold ink Peruvian deal
Newmont Gold (NGC-N) will join Southwestern Gold (SWG-T) in the search for gold deposits in southern Peru.Newmont can earn a half-interest in Southwestern’s Puno project by spending US$1.5 million ove…
Orvana aims to double Pederson resource — Potentially large target attracts attention of BHP
After a hiatus of more than a year, Orvana Minerals (ORV-T) is preparing to resume drilling at the Pederson project in the central Altiplano region of western Bolivia.Reflecting a renewed interest in …