Lew drill holes return mixed results
Two follow-up drill holes by Thunderwood Resources (THS-T) and Consolidated Abitibi Resources (CAQ-M) at their Lew polymetallic property in the Flin Flon-Snow Lake volcanic belt in Manitoba have retur…
News
Companies (June 01, 1998)
Akrokeri-Ashanti Gold MinesAmerica Mineral FieldsAnatolia Minerals DevelopmentAsarcoAtna ResourcesAustralian Kimberley DiamondsBarrick GoldBig I DevelopmentsBolidenBrimstone GoldCaledonia MiningCameco…
Dakota’s Alaskan unit seeks creditor protection
Crumbling under a large debt load, Dakota Mining (DKT-T) operating subsidiary USMX of Alaska has filed for bankruptcy protection.After a 90-day interim financing facility provided by NM Rothschild & S…
FINANCINGS — New Claymore funds Buffalo Hills exploration
New Claymore Resources (NCS-V) has agreed to a brokered private placement of up to 1 million units at $1.60 each, for gross proceeds of up to $1.6 million.Each unit will consist of one common share an…
Orezone expands Intiedougou
In hopes of replicating the success of its exploration of the Intiedougou gold property in Burkina Faso, Orezone Resources (ORZ-M) has optioned a 500-sq.-km parcel of land immediately to the south.Ore…
Grayd ready to drill in Alaska
Grayd Resource (GYD-V) has arranged a non-brokered private placement of 1.03 million units at $1.50 each, for proceeds of $1.5 million.Each unit will consist of one common share and one-half of a non-…
GEOLOGY 101 — Diamond deposits, Pt. 1
.BDerek WiltonDiamond, which is pure carbon, is the hardest substance known, yet diamonds can be broken relatively easily. Paradoxically, graphite, one of the softest minerals, is a polymorph of diamo…
Akrokeri-Ashanti pulls ore from Esaase mine
By strategically shifting its 1997 production to the Jeni property in Ghana from the adjoining Esaase property, Akrokeri-Ashanti Gold Mines (AAGM-C) has managed to alleviate the effects of low gold pr…
Pan American finds silver lining
Having recently acquired the past-producing La Colorada silver operation in Mexico’s Zacatecas state and a 70% interest in the world-class Dukat silver deposit in Russia’s Far East, Pan American Silve…
Rio Algom teams with Anatolia
Evergreen, Colo.-based Anatolia Minerals Development (AMCD.U-C) and Toronto-based Rio Algom (ROM-T) have agreed to jointly explore base and precious metal prospects in Turkey.The agreement, which is e…
CORRECTION (June 01, 1998)
Contrary to information that appeared in our May 25-31 issue, the Indonesian state-owned mining company Aneka Tambang does not hold an interest in the Jampang gold project of Mispec Resources (MPE-M)….
Homestake makes bid for remainder of Prime
San Francisco-based Homestake Mining (HM-N) has made an offer to acquire the 49.4% of Prime Resources Group (PRU-T) that it does not already own.The deal would see Prime shareholders exchange each of …