Partners strike gold in Greece
A group headed by Australia’s Normandy Mining (NDY-T) has made a promising gold discovery at Perama Hill, 15 km northwest of Alexandroupolis in northeastern Greece.The discovery was made by Thracean G…
News
Miramar Mining posts big loss
Miramar Mining (MAE-T) saw its losses double from 1996 to 1997.The company posted a loss of $63.8 million (or $1.12 per share) in 1997, compared with a loss of $29.1 million (51cents per share) in the…
NEW LISTINGS — Atapa upgrades to Montreal listing
Junior Atapa Minerals has begun trading on the Montreal stock exchange under the ticker symbol AML.The listing was the final requirement for Atapa to receive the remaining $1.56 million in net proceed…
B.C. miners applaud government initiatives
A series of initiatives introduced by the British Columbia government are designed to bolster that province’s sagging mining industry by attracting investment and creating jobs.The initiatives, which …
LETTER TO THE EDITOR — Ontario land-use policies remain unchanged
As a long-time resident of Ontario, I am very much aware of, and tremendously appreciative of, the Progressive Conservative government’s success in reducing red tape and taxes. Furthermore, I will con…
MINING MARKETS AND INVESTMENT NEWS — Sunshine’s silver projects get nod
Last year, silver prices averaged US$4.91 per oz. So far this year, the metal has hovered around US$6.35 per oz., reflecting a combination of supply deficits and substantial purchases by U.S. financie…
NEW LISTINGS — Bice exploring near Kirkland Lake
Newly listed Bice Ventures (BVT-V) holds the rights to the Chartre-Dufresene property, near Kirkland Lake, Ont.Gold, copper and silver mineralization occurs on the property in quartz stringers within …
GREATEST VALUE TRADED, April 15-21
ExchgVol(000’s)HighLowCloseChangeBarrick GoldT208…
NEWS IN BRIEF (April 27, 1998)
Blue Ribbon Resources (BLO-V) has changed its name to New Blue Ribbon Resources (NBL-V) on a 1-new-for-5-old-share basis.
Rex finances exploration program
Proceeds from diamond sales are enabling Rex Diamond Mining (RXD-T) to finance ongoing exploration in Sierra Leone.The Toronto-based company recently generated US$5.8 million by selling 26,260 carats …
Moss and Greenshield plan drilling
Equal partners Moss Resources (MRS-T) and Greenshield Resources (GSR-M) are set to begin drill testing their Curregan property, near Timmins, Ont., in an effort to identify a volcanogenic massive sulp…
ODDS ‘N’ SODS — Roads to riches
Much has been written about the exploration and development of mines in Canada, but little about the roads that service them.In the old days, access to a site was provided by water or rail. However, a…