Winspear unable to locate Snap Lake feeder
Despite having completed a $3.2-million winter diamond exploration program in the Northwest Territories, Winspear Resources (WSP-V) has yet to ferret out a feeder system at Snap Lake.The bulk of the 6…
News
Richmont enjoys superb quarter
More gold at lower costs, is the simple explanation behind Richmont Mines’ (RIC-T) stellar performance in the first quarter of 1998.The Rouyn-Noranda, Que.-based gold miner earned $961,975 (or 6cents …
Drills turn at Hackett River
Drilling is under way at the Hackett River base metal project near Bathurst Inlet, N.W.T., reports Etruscan Resources (EET-T).The 7,500-metre program, scheduled for completion by the end of August, wi…
LME WAREHOUSE LEVELS (May 18, 1998)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at May 11/98 (change from May 1 in brackets):MetalStock(tonnes)ChangeA…
Tri Origin secures Ontario ground
A 717-metre diamond drill program by Tri Origin Exploration (TOE-T) at its Confederation base metal property in northwestern Ontario has returned lacklustre results.Of five planned holes, two were aba…
Night Hawk Lake plans set
The four companies that constitute the Night Hawk Lake joint venture have approved a $410,000 program of downhole and ground geophysics, data interpretation and drilling. The 637-claim property is 38 …
COMMENTARY — Medicinal silver
One dose of silver oxide may prolong the life of terminally ill patients stricken with acquired immune deficiency syndrome (AIDS), according to a study conducted at a clinic in Central America. The tr…
Meetings (May 18, 1998)
May 19, Caesars GoldMay 19, CampbellMay 19, DenburyMay 19, GoldbeltMay 19, Silver StandardMay 19, SummitMay 20, Athabaska GoldMay 20, Black MountainMay 20, Blue BirdMay 20, Canadian ShieldMay 20, Cork…
Black Hawk remains in the black during quarter
Toronto-based Black Hawk Mining (BHK-T), owner and operator of the Keystone gold mine in Manitoba, has posted a strong first quarter.During the 3-month period ended March 31, the company earned $1.33 …
World Wide launches Kazakstan lawsuit
As threatened last fall, Toronto-based World Wide Minerals (WWS-T) and Denver-based uranium trader Nuclear Fuel Resources have initiated legal action against the Republic of Kazakstan in the United St…
Tiomin granted extension
The government of Panama has granted Tiomin Resources (TIO-T) an extension on the company’s contract for the Cerro Colorado copper deposit.As a result, Tiomin will be able to postpone its contract com…
Aber to raise $102.9 million
Aber Resources (ABZ-T) has entered into a bought-deal financing with a syndicate of underwriters, led by Bunting Warburg, that will raise gross proceeds of $102.9 million. The deal involves 7 million …