Willow partners assess sampling data
Partners CaribGold Resources (CG-T) and Pure Gold Minerals (PUG-T) have cause for optimism at their jointly held Willow diamond property in southern Saskatchewan.Data, only recently discovered, from a…
News
World Wide, Kazakstan start talks over cancelled deals
World Wide Minerals (WWS-T) and the government of Kazakstan are in negotiations to settle a dispute surrounding the government’s cancellation of a management contract for the Stepnogorsk uranium mine….
METAL PRICES — Daily Metal Prices (April 27, 1998)
BASE METALS (London Metal Exchange-Midday bid/ask prices in US$ per tonne)DateApr. 21Apr. 20Apr. 17Apr. 16Apr…
Corona plans more Troutfly Lake work
Corona Gold (CRG-T) reports mixed results from diamond drilling carried out on the Troutfly Lake properties in the Dryden-Sioux Lookout area of northwestern Ontario.Most of the targets tested in the 9…
DIAMOND PAGE — Monopros recovers samples from pipes
Monopros, a wholly owned Canadian subsidiary of De Beers Consolidated Mines (DBRS-Q), has collected 50-tonne drill samples from each of the Hearne, Tesla, Tuzo and 5034 pipes in the Northwest Territor…
Inco unveils development program for Creighton mine
Management of Inco (N-T) faced harsh criticism from union leaders representing its Canadian workers at the company’s first annual general meeting since the unveiling of restructuring plans that involv…
Results enhance Tshane project
Exploration by Menora Resources (MEN-M) continues to add potential to the Tshane diamond project in southwestern Botswana.A soil sampling program over a 1-km grid identified six anomalous areas of kim…
Gold Hawk eyes Peruvian silver-gold project
Montreal-based Gold Hawk Resources (CGK-A) is eyeing the open-pit potential of a past-producing, underground silver-gold mine 40 km east of the coastal city of Trujillo, in northern Peru.President Jea…
Costs cut at Nanisivik
Breakwater Resources (BWR-T) reports that milling improvements at its Nanisivik zinc mine on Baffin Island are partly responsible for a boost in earnings last year.The remote operation turned a profit…
MINING MARKETS AND INVESTMENT NEWS – WESTERN MARKETS — Composite, mining indices dip in Vancouver, Alberta
The Vancouver Stock Exchange composite index lost 3.57 points, or 0.56%, to close at 632.51 over the report period ended April 21. The mining index also dipped, losing 8.2 points, or 1.6%, to close at…
Placer Dome buys stake in Vengold
Placer Dome (PDG-T) has acquired a 16.8% interest in Vengold (VEN-T) by subscribing to 23.6 million of the company’s shares at $1.75 each, for gross proceeds of $41.3 million.Vengold’s primary asset i…
Drilling expands San Nicolas
Recent drill results from the San Nicolas discovery in Mexico’s Zacatecas state have expanded the massive sulphide deposit. The body appears to be closing off to the northeast and northwest, but remai…