B.Y.G. busy at Mt. Nansen
At the Mt. Nansen property, north of Whitehorse, Y.T., B.Y.G. Natural Resources (BYG-T) has intersected gold porphyry mineralization near existing open-pit operations.The discovery hole bottomed in mi…
News
MINING MARKETS & INVESTMENT NEWS — Laramide funds program at Bilbao property
Junior Laramide Resources (LAM-T) will use proceeds of $375,000 from a private placement to explore the Bilbao project in Mexico’s Zacatecas state.The company says mapping and gravity surveying have e…
Manalta issues poison pill to delay Luscar bid
The directors of Manalta Coal Income Trust have recommended that shareholders reject a $550-million takeover bid by Luscar Coal Income Fund, approving a shareholders’ rights protection plan to delay t…
River Gold boosts profit from Canadian mines
Higher production and lower operating costs translated into a strong second quarter for River Gold Mines (RIV-T).The Canadian gold miner earned $5.5 million (or 18 cents per share) in the three months…
EDITORIAL — Champion needed for licensure — Anyone listening?
Toronto’s status as the mining finance capital of the world is in danger of being undermined unless Ontario’s geologists, geophysicists and geochemists are licensed by a professional organization with…
OBITUARIES — Richard Thompson
Richard Thompson, owner of Connors Drilling, has died. He was 48.A native of Portage la Prairie, Man., Thompson graduated from the University of British Columbia in 1972 with a bachelor of science in …
Rift adds to African holdings
A letter-of-intent agreement sets the stage for Rift Resources (RIF-V) to acquire the Adi Nefas gold and polymetallic massive sulphide deposits near Asmara in the East African nation of Eritrea.Subjec…
Crystallex to bid on mine
Orphaned by the bankruptcy of Rea Gold, the San Gregorio mine in northern Uruguay has attracted the attention of Crystallex International (KRY-T).Crystallex announced it has “established the principle…
HBM&S launches program at Chisel North zinc deposit
Hudson Bay Mining & Smelting has announced a $17-million underground development program at its Chisel North zinc deposit near Snow Lake, Man.The company plans to drive a 2.6-km decline from the 140-m…
GREATEST VALUE TRADED (August 17, 1998)
ExchgVal($000s)HighLowCloseChangePlacer DomeT9149…
SPOT PRICES (August 17, 1998)
Wednesday Aug. 12, 1998Price (US)Week’s ChangeGold*$285.50-$3.35Silver*$ 5.25…
DIAMOND PAGE — SouthernEra forges ahead at Marsfontein
With their dispute over the Marsfontein farm settled, partners SouthernEra Resources (SUF-T) and De Beers Consolidated Mines (DBRSY-Q) have turned their attention to mining the high-grade M1 kimberlit…