Ashton sizes up new kimberlite finds
The first set of caustic fusion results from three of the nine new kimberlites discovered during the 1998 winter exploration drilling program on the Buffalo Hills project in north-central Alberta show…
News
Stratabound drilling expands Mexican polymetallic property
Drilling at the Sierra Azul lead-zinc-silver property in Mexico’s Coahuila state has extended mineralization down dip from the past-producing Santa Genoveva mine.Owner Stratabound Minerals (SB-A) repo…
Pangea, Sundust nearing prefeasibility stage at Victoria
Partners Pangea Goldfields (PGD-T) and Sundust Resources (SUN-M) have reached the final stretch of a second phase of drilling at their Victoria polymetallic property in Peru.Pangea, which is managing …
Laramide buys Mexican lead property
Toronto-based Laramide Resources (LAM-T) has completed the first stage of its acquisition of the Bilbao base metal property in Mexico’s Zacatecas state.The junior has made the first $250,000 payment t…
TORONTO STOCK EXCHANGE INDICES (May 18, 1998)
1998May 12May 11May 8May 7May 6HighLowComposite “…
PRODUCER PRICES (May 18, 1998)
Aluminium: LME settlements US$1,1362.50, alloy US$1,266 per tonne (May 12/98).Antimony: Representative mid-market US$1,500 per tonne (May 12/98).Bismuth: Representative mid-market US$3.90 per lb. (May…
Inmet sells Antamina stake to Noranda, Teck in $70m deal
Majors Rio Algom (ROM-T), Noranda (NOR-T) and Teck (TEK-T) are teaming up to develop the Antamina copper-zinc project in Peru.Noranda and Teck have each agreed to buy half of Inmet Mining’s (IMN-T) 50…
Nuinsco drills Lac Rocher nickel-copper prospect
Nuinsco Resources (NWI-T) has completed an initial 10-hole diamond drilling program at its Lac Rocher nickel-copper property, situated about 120 km north of Matagami, Que.The program was designed to t…
Anglo options Barrick’s African properties
In a move its chairman described as “pulling in our horns,” Barrick Gold (ABX-T) has dealt options on its West and Central African gold projects to South African-based mining house Anglo American.The …
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Russian gold production up
Preliminary figures indicate Russian mining companies produced 8.8 million tonnes of gold in the first quarter of 1998, 1.1 tonnes more than in the corresponding period of 1997.The Russian economics m…
Quaterra acquiring Sonora ground from Kennecott
With an eye toward acquiring exploration properties in northwestern Mexico, Quaterra Resources (GTA-V) has closed a brokered private placement of 3 million units priced at 19cents each. The transactio…