ODDS ‘N’ SODS — Return of the ’60 Pontiac
In 1958, my dad was working at the Quirke uranium mine of Rio Algom in Elliot Lake, Ont., as a raise miner and, later, a shift boss.For a number of years, he made the journey every second week from Ki…
News
NEVADA — Barrick explores Bullfrog gold mine
A $600,000 exploration program by Barrick Gold (ABX-T) will focus on discovering and developing gold deposits near the company’s Bullfrog gold mine, 3 miles southwest of Beatty and 125 miles northwest…
NEVADA — Nu-Apex set to begin exploration program
Vancouver-based Nu-Apex Energy (NPX-V) will soon begin an exploration program on three properties it holds in south-Central and northeastern Nevada.The program, which is expected to start within six w…
STOCK MARKETS — Golds and base metals help boost TSE above 6,400 — Base metal producers rise despite nickel’s fall
A single day of heavy trading, combined with solid performances by the base metal, gold and precious metal sub-indices, was sufficient to push the Toronto Stock Exchange index to 6,442.54 on May 27 –…
THE DIAMOND PAGE — SouthernEra ties up agreement
Large-diameter drilling is planned by SouthernEra Resources (SUF-T) for the Camafuca-Camazambo pipe, near Calonda, in the Lunda Norte province of Angola.The company recently issued 500,000 of its shar…
Sadiola Hill mine makes golden progress — Iamgold sets stage for foreign juniors in West Africa
Any time you dig a big hole in the ground, you get a surprise or two. All any operator can do is try to be ready for them.Fortunately for the partners in the Sadiola Hill project in western Mali, the …
KWG, Falco outline anomaly in DR
Early exploration efforts by partners KWG Resources (KWG-T) and Falconbridge (FL-T) on the Managua prospect in the Dominican Republic have proved fruitful.Managua, a 1.6-by-0.6-km induced-polarization…
NEVADA — Pallaum’s growth strategy hinges on Nevada projects — Bullion Mountain the most promising
As gold deposits in northern Nevada become increasingly difficult and expensive to find, major companies are leaving it to the juniors to locate potential mines.One such company is Vancouver-based Pal…
Treminco gains stake in Bruceside
Treminco Resources (TMO-T) will pay $4 million to Newhawk Gold Mines (NHG-T) for its 60% interest in the Bruceside-Sulphurets gold-silver project in northwestern British Columbia.A $2-Million payment …
Tenke raises funds for Fungurume
Junior Tenke Mining (TNK-T) will borrow US$127 million from Investec Bank of South Africa for the first phase of development work at the Tenke Fungurume copper-Cobalt project in the Democratic Republi…
NEVADA — Cortez joint venture reaches commercial production levels
Partners Placer Dome (PDG-N) and Kennecott are producing commercial quantities of gold at the Pipeline deposit in central Nevada.The project is part of the Cortez joint-Venture, which includes three d…
NEVADA — South Pipeline interest adds to Royal revenue
Net income of US$1.1 million (or 7 cents per share) was reported by Royal Gold (RGLD-Q) for the second quarter of its 1997 fiscal year, compared with a loss of US$268,647 in the same period last year….