TVI forms Aussie partnership
Australian-listed Spinifex Philippines intends to earn a majority interest in the Rapu Rapu polymetallic property on the Philippine island of Luzon.To earn a 65% stake in the project, Spinifex must sp…
News
Sutton boosts Bulyanhulu
Estimates for the Bulyanhulu gold deposit in northwestern Tanzania now exceed 6 million oz., representing an increase of more than 500,000 oz. from previous calculations.As part of an ongoing feasibil…
Drill results keep hope alive at South Voisey’s Bay
It isn’t the glittering confirmation of mineral riches that investors has been hoping for — but it isn’t bad.Nickel grades found in the season’s last drill hole at the South Voisey’s Bay project in L…
Old, new mining districts subjects of tour
Historic and current mining operations in Europe and Mexico will be the focus of several tours offered by a British company throughout 1998.Regions scheduled to be visited include:* the Iberian pyrite…
Meetings (December 22, 1997)
Dec. 22, ArkonaDec. 22, AuroginDec. 22, Caesars GoldDec. 22, Canadian SpoonerDec. 22, ClayoquotDec. 22, Goldrush Casino & MiningDec. 22, MarksmenDec. 22, NanecoDec. 22, RewardDec. 22, Royal BayDec. 23…
Auspex, partners to buy into Portuguese play
Auspex Minerals (APJ-V) and partners Redfern Resources (RFR-T), Cumberland Resources (CBD-T) and International Vestor Resources (IVS-V) will acquire up to a 75% interest in the Aljustrel property in P…
Atna sets sites on Temagami
Atna Resources (ATN-T) has signed a joint-venture agreement with Falconbridge (FL-T) to explore claims in the Temagami region of northern Ontario.Atna can earn a 60% interest in Falco’s Temagami prope…
Getchell lays off 100 at namesake mine in Nevada — Low gold prices take toll on mine plan
Dismayed by the low gold price, Getchell Gold (GGO-T) has ceased processing of low-grade ore from stockpiles and issued pink slips to 100 workers at its namesake gold mine in northern Nevada.Meanwhile…
Bleak outlook for nickel market
The outlook for nickel over the next few quarters and beyond is not great.In today’s terms, you could even say it’s as good as gold.Credit Lyonnaise, a major metal trader, has forecast a 10,000-tonne …
FACTS ‘N’ FIGURES — Gold struggles in SE Asia
The recent currency and economic crisis in Asia has had a significant impact on gold demand there.Demand for the yellow metal in the third quarter of 1997 barely reached 50 tonnes, less than half its …
Teck and Sumitomo size up Pogo deposit
Teck (TEK-T) and its partner, Sumitomo Metal Mining, have estimated that their Pogo project in east-central Alaska contains just under 4.5 million oz. gold.The deposit is believed to contain 10.9 mill…
DIAMOND PAGE — Nora ups production in Namibia
Nora Exploration (NXI-M) has increased production at its diamond concession in Namibia.Production in November topped 32 tons per hour, representing a fourfold increase over previous rates. Grade and c…