Murgor cuts gold at Mishibishu
Montreal-based Murgor Resources (MUG-M) has intersected significant gold mineralization in the first phase of drilling at its Mishibishu property, situated about 50 km northwest of Wawa, Ont.The 1,500…
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Jwaneng cornerstone of Botswana’s future — Operation will soon be De Beers’ most technically advanced mine
Jwaneng, Botswana — Pula, the Setswana word for rain, carries a heavy load of connotations in this arid country. It means prosperity, good fortune, and even prudence.Pula has a record of coming down …
EXPLORATION 1998 — Spectrum deals Ban Phuc interest to Falco
Falconbridge (FL-T) has teamed up with Spectrum Resources (SPC-V) on the latter firm’s Ban Phuc nickel-copper concession in Vietnam.Spectrum holds a 70% interest in Ban Phuc Nickel Mines, the owner of…
HBM&S to close Flin Flon mine
Hudson Bay Mining & Smelting, a subsidiary of Minorco (MNRCY-Q), intends to close down its polymetallic opeations in Flin Flon, Man., by 2004.Suspension of the copper-zinc-silver-gold complex will res…
EXPLORATION 1998 — Greenland aims to attract companies
Eager to attract mining companies to Greenland, the Geological Survey of Denmark and Greenland (GEUS) is using a series of airborne geophysical surveys to promote the island’s mineral potential.The ag…
EXPLORATION 1998 — Reserve boost at Skorpion deposit
London-listed Reunion Mining has reported a 50% increase in tonnage and a 10% increase in the average grade of the Skorpion zinc oxide deposit near Oranjemund, in southwestern Namibia.The company is e…
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…
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…