Rayrock gains remainder of Daisy mine
Rayrock Resources (RAY-T) is acquiring the remaining 65% interest in the Daisy gold mine from sister company Inter-Rock Gold (IRO-T).Currently, 35%-owner Rayrock operates the open-pit mine, which is n…
News
Noveder drills Cabot
Noveder (NED-M) has intersected more copper-cobalt mineralization at its Cabot property in Newfoundland’s Baie Verte region.Within most holes, Noveder has delineated two zones of sulphide mineralizati…
Global prepares for bulk sample
Global Diamond Resources (GDRS-O) plans to begin underground bulk sampling at the Montrose kimberlite pipe in South Africa.The California-based explorer completed 30 large-diameter, vertical drill hol…
PRODUCER AND DEALER PRICES (July 27, 1998)
Aluminium: LME settlements US$1,331, alloy US$1,305 per tonne (July 20/98).Antimony: Representative mid-market US$1,375 per tonne (July 13/98).Bismuth: Representative mid-market US$3.60 per lb. (July …
Mint offers new gold investment product
Following the release of a new silver coin for collectors, the Royal Canadian Mint has rendered a 1-oz. gold wafer for investors.The 24-carat item is 40.2 mm long, 24.2 mm wide and 1.717 mm thick. The…
AMF eyes merger with Nord
Dallas-based America Mineral Fields (AMZ-T) has entered discussions to merge with Nord Resources (NRD-N). Both companies have interests in Africa.AMF is engaged in several joint ventures with large mi…
Cimarron amends placement
Cimarron Minerals (CIU-V) has amended and re-priced a previously announced brokered private placement. The financing now consists of 1.4 million special warrants at 25cents each, for gross proceeds of…
Teck triumphs over low prices
Despite substantially lower metal prices, Teck (TEK-T) managed to squeeze out a slim profit during the second quarter.The Vancouver-based major earned $3 million (or 3cents per share) on $177 million …
MINING MARKETS AND INVESTMENT NEWS — Nelson Gold repays loan
Proceeds from a recent rights offering by Nelson Gold (NLG-T) are being used to repay a loan.The purchase of four rights entitled holders to buy one share at 27cents.The offering resulted in the issua…
Donner, partners perform early-stage exploration at Voisey’s Bay
Donner Minerals (DML-V) and its joint-venture partners have obtained results best described as teasers from their $9.2-million first-phase exploration program at South Voisey’s Bay, Labrador.So far, a…
Rupert advances South African project — Delineation drilling seen as prelude to bulk sampling
Under the supervision of MPH Consulting, Rupert Resources (RUP-V) has launched a drill program on the past-producing Crown kimberlite pipe in South Africa.Eight holes have been drilled to date, with t…
CORRECTIONS (July 27, 1998)
Fortune Minerals trades on the Toronto Stock Exchange under the symbol FT.The high grade gold zone at the Nico project grades an average of 0.09% bismuth (plus values in cobalt, copper and gold). Inco…