Kit quantifies George Lake
Kit Resources (KIT-T) has received a new resource estimate for its George Lake gold project near Bathurst Inlet, N.W.T.California-based engineering group Mineral Resources Development (MRDI) has pegge…
News
STOCK MARKET — TSE soars to record highs while gold and base metals drop — Platinum and palladium bounce back, base metals hold their ground
The Toronto Stock Exchange 300 composite index hit record numbers once again, ending the report period of March 25-31 at 7,551.23, for a gain of 7.27 points from the previous week.The week was stimula…
MOST ACTIVE ISSUES, Mar. 25-31
ExchgVolume($000s)Close.ZSBarrick GoldT1210930.70Placer Dome…
Challenger eyes Wawa region
A joint-venture agreement has set the stage for three junior companies to explore a combined land package in Leclaire Twp., about 50 km northwest of Wawa, Ont.Challenger Minerals (CGJ-V) has agreed to…
LATIN AMERICA — Blue Desert extends Enero
Vancouver-based junior Blue Desert Mining (BDE-A) continues to outline a copper deposit at its Enero property in central Chile, 150 km north of Santiago.Geophysical work on the newly discovered Mulas …
DIAMOND PAGE — Ashton ends winter drilling on up note
Spring breakup conditions in north-central Alberta have prompted Ashton Mining of Canada (ACA-T) to wrap up a successful winter exploration drilling program on the Buffalo Hills joint-venture property…
STOCK MARKETS — Steady as she goes on Western markets — El Misti Gold among most-actives yet again
The Vancouver Stock Exchange composite index remained steady over the report period ended March 24, losing only 0.44 point, or 0.07%, to close at 616.12. The mining index also held its ground, edging …
Namdeb’s ships coming in
Watched critically by the sabre-horned gemsbok antelopes that wander casually through this town, Namdeb Diamond and its predecessors have turned a desolate shoreline into Namibia’s biggest moneymaker….
Western Copper agrees to a $3-million loan from Teck
A previously announced $5-million financing with Canaccord Capital has been terminated by mutual consent and, instead, Western Copper Holdings (WTC-T) has arranged for a loan of up to $3 million with …
CORRECTION (March 30, 1998)
In the March 16-22 issue of The Northern Miner, the reserve estimate for the El Sauzal gold project of Francisco Gold (FGX-V) should have read 47 million tonnes averaging 3.22 grams gold per tonne.
International Curator closes financing
International Curator Resources (IC-T) has closed a private placement of 3 million shares at 84 per share, for gross proceeds of $2.5 million.The net proceeds will be used to fund the ongoing feasibi…
Boreal explores Nevada gold property
Quebec-based Boreal Exploration (BOR-M) has signed an agreement with a private company to acquire the Gold Hill gold property in northern Nye Cty., Nev.The 1,200-ha property was the site of small-scal…