EXPLORATION 1998 — Sikaman refocuses on Quebec
In keeping with its plan to become a producer, Sikaman Gold Resources (SKG-T) has acquired a 50% interest in two base metal properties near Rouyn-Noranda, Que.The Hebecourt property, which hosts a pro…
News
EXPLORATION 1998 — Noranda continues drilling in northeastern Ontario
The exploration arm of Noranda (NOR-T) has resumed drilling at the Canagau project in northeastern Ontario to follow-up a hole that hit low-grade zinc-copper-silver mineralization.A minimum of 2,000 m…
EXPLORATION 1998 — Juniors gain CoWs in Indonesia — Government screening process weeds outs potential Bre-X copycats
The CoWs are coming home for junior companies exploring for minerals in Indonesia.After a period of scrutiny meant to weed out potential rogue operators, the Indonesian Ministry of Mines has ratified …
EXPLORATION 1998 — Auspex Minerals sizing up Aljustrel project in Portugal
An on-site mill, related infrastructure and four polymetallic deposits in close proximity, make the Aljustrel project an attractive asset.Vancouver-based junior Auspex Minerals (APJ-V) and its joint-v…
STOCK MARKETS — Metal stocks lift TSE past the 7,000 level — Higher nickel price boosts Inco shares
Fueled by strong performances in the gold and base metal sectors, the Toronto Stock Exchange 300 composite index rose 189.68 points, or 2.7%, to end the report period of Feb. 25 to Mar. 3 at 7,137.93….
EXPLORATION 1998 — Procoloro suspends work in Panama
Weak financial markets and gold prices have prompted Procoloro Resources (PCH-M) to suspend exploration at its properties in Panama. The junior, which is based in Val d’Or, Que., has other projects in…
Nfld. pushes nickel smelter
The Newfoundland government is pressuring Inco (N-T) to build a smelter and refinery to process nickel concentrates from its Voisey’s Bay project in Labrador, now in the permitting phase.”No smelter, …
EXPLORATION 1998 — Maude Lake to acquire stake in Comtois
A signed agreement with Cameco (CCO-T) allows Maude Lake Exploration (Mau-M) to acquire a 50% interest in the 4,222-ha Comtois property, 20 km from Lebel-sur-Quvillon, Que.The Val d’Or-based junior ca…
Inmet sues over Troilus
Inmet Mining (IMN-T) is initiating legal proceedings in British Columbia against Homestake Canada and Prime Resources Group (PRU-T) after the two companies backed out of their proposed US$110-million …
EDITORIAL — Government proposing tough legislation — Fighting bribery abroad
Sadly, this Earth is riddled with tin-pot dictators skimming cream from state-owned enterprise and sleazy bureaucrats ushering in “big tippers” to the backrooms where business deals are made. In this …
Canadian mineral output dogged by low prices
In 1997, the overall value of mineral production in Canada grew just 0.3% over the previous year, to $49.8 billion, according to figures released by Natural Resources Canada.Significant price declines…
High River exceeds target at Siberian gold mine
The Siberian region of Buryatia is known for its punishing climate and remoteness. Yet for High River Gold Mines (HRG-T), it is increasingly synonymous with reward.The Toronto-based company is a partn…