GREATEST VALUE TRADED, May 22-28
Val($000s) High Low ChangeBRE-X Mnrls T295822$28.6522.3526.10 +2.70 .Arequipa Res T183539$34.7519.2032.65+12.50 .Diamond Flds T111220$40.0538.2539.95+0.25 .Cameco Corp T93879$6…
News
DIAMOND PAGE — Major General searches Greenland
Although its original target in Greenland was base metals, Major General Resources (MGJ-V) is turning up heavy minerals, which indicates potential for kimberlite discoveries.In the autumn of 1995, the…
BOOK REVIEW — Book focuses on mining royalties between private parties
The legal complexity of mining royalties is unraveled in a new book, Mining Royalties Between Private Parties, published by the Centre for Resource Studies at Queen’s University.Author Karl J.C. Harri…
SOUTHEAST ASIA SPECIAL — Quebec-based junior company targets Solomon Islands
The Solomon Islands are known more for their idyllic beaches and wartime history than for gold, more for copra than for copper.However, a small Quebec-based mining company expects to change that perce…
ANNUAL REPORT REVIEW — Ashton to bid for Crater of Diamonds
Ashton Mining of Canada (TSE) has entered into an agreement with Texas Star Resources (VSE) to bid for the development of the Crater of Diamonds lamproite in Arkansas.Ashton says the rock type that ho…
ANNUAL REPORT REVIEW — Prime earnings climb during quarter
High gold and silver prices, combined with an increase in precious metals production, coalesced into a healthy first quarter for Prime Resources Group (TSE).Earnings for the period totalled $13.2 mill…
SOUTHEAST ASIA SPECIAL — Altai adds to property portfolio
Toronto-based Altai Resources (TSE) has added another gold project to its Philippine portfolio.The junior acquired the Bulan project, comprising 3,285 hectares in the province of Sorsogon, southern Lu…
AfriOre takes reins in Botswana
Having renegotiated the terms of its joint-venture agreement with Gencor, Toronto-based AfriOre (VSE) will now manage six diamond projects in South Africa and Botswana.AfriOre will have the right to e…
Asarco sells its stake in MIM
In an attempt to reduce its debt, Asarco (NYSE) has sold its 15% stake in Australian-based MIM Holdings.The sale generated US$331.2 million, which will result in an after-tax gain of US$39 million (or…
EDITORIAL PAGE — WMI: A progress report
“A perfect agreement meant for a perfect world” is how one Canadian mining executive described the Whitehorse Mining Initiative (WMI) after it was signed in 1994.The agreement defined a vision of a so…
ODDS’N’SODS — Tipped off
George “Gus” McManus was responsible for staking many of the gold deposits in the Red Lake area of Ontario during the early years of mining development in that district.McManus was prospecting for sil…
Anglo, Pangea outline resource at Kahama
The Lake Victoria greenstone belts continue to reward exploration efforts, most recently at the Kahama property of Pangea Goldfields (TSE), under option to Anglo American.A reverse-circulation program…