Ventures buys Alaskan time
Junior Ventures Resource (VRS-V) has re-secured the right to explore 3 million acres of central Alaska.The company negotiated a 2-year extension to its land holdings with the Alaska native corporation…
News
New mine plan cuts Gold Reserve’s costs at Las Brisas
By modifying its mine plan, Spokane Wash.-based Gold Reserve (GLR-T) has reduced estimated cash operating costs by as much as 24% at the proposed Las Brisas copper-gold producer in southeastern Venezu…
NEWS ROUNDUP — High North bails out of Labrador
High North Resources (HNRI-C) has dropped its option to earn from Ungava Minerals (UNGV-C) a 50% interest in a 650-sq.-km copper-nickel property in northern Quebec.High North cites poor metals markets…
Madison outlines gold-silver mineralization near Porgera
Junior Madison Enterprises (MNP-V) is encouraged by the results of 20 diamond drill holes at the Mt. Kare gold-silver joint venture in Papua New Guinea.The project is owned 65% by Madison and 25% by M…
MINING MARKETS & INVESTMENT NEWS — INSIDER TRADING — Homestake’s largest investor boosts holdings
German investor August von Finck has increased his ownership in Homestake Mining (HM-N) by purchasing 8.7 million shares at US$10.21-11.21 per share.The acquisition boosts von Finck’s holdings to 30 m…
Lytton, New Indigo find kimberlite at Jericho
A fall drilling program at the Jericho project in the Northwest Territories has resulted in the discovery of a land-based kimberlite body dubbed Contwoyto-1.The discovery hole was collared at an angle…
Newmont Mining absorbs Newmont Gold
Newmont Mining (NEM-N) is acquiring all the outstanding shares of Newmont Gold (NGC-N) it does not already own.The company will gain the remaining 6.25% of Newmont Gold in a tax-free merger and conver…
Princess picks up three licences in central China
China’s Ministry of Land and Mineral Resources has granted four gold exploration licences to the Chinese affiliate of Princess Resources (PRL-V).The affiliate, Princess Xinxiang Geological Mining, is …
MINING MARKETS & INVESTMENT NEWS — Former New Senator seeks ‘prairie gold’
I am seeking assistance in locating a very small mining company that operated in Quebec, Ontario, New Brunswick, Nova Scotia and Alberta in the mid-to-late 1960s. My father passed away in 1968, but ju…
EDITORIAL & OPINION — GUEST COLUMN — Foreign preparedness is key
As mining companies venture into foreign parts of the world where business customs are different, it becomes increasingly necessary for executives to be cautious about with whom they do business and h…
GOLD FUNDS (October 05, 1998)
Gold Funds as of September 24, 1998BGRCentralNet Value$13.485.96Price$10.35…
NEWS ROUNDUP — Gold zone grows at Kavola East
Soil sampling by Indo Pacific Resources (IPF-A) at its Kavola East gold zone in Papua New Guinea has extended the area of mineralization.Situated on the New Britain licence, the Kavola East zone was e…