Kinbauri ups damage claim to $10 million
Ottawa-based junior Kinbauri Gold has increased to $10 million its damage claim against International African Mining Gold (IAMGOLD). Kinbauri launched the lawsuit in August, 1991, after IAMGOLD, a pri…
News
Black Pine drilling
A second phase of drilling at the Black Pine property of Formation Capital (VSE) has extended the known strike length of possibly connected mineralized zones to more than 4,000 ft., compared with the …
New zone found at Meliadine
Drilling on the Meliadine project, 10 miles north of Rankin Inlet in the Northwest Territories, has turned up a new gold zone. The project is a joint venture between Cumberland Resources (VSE) and Com…
LAST BUT NOT LEAST — Marshall completes private placement
An institutional investor has bought two million shares of Marshall Minerals (ASE) for $3 million. The holder of Marshall’s $3-million convertible debentures will, at the appropriate time, convert the…
LETTERS TO THE EDITOR — Diamonds shouldn’t be the only
Your past few issues had a number of letters regarding information problems and risk assumed by investors in mining companies involved with diamond exploration, especially in Canada. There is no doubt…
Sarnoff KOed in Las Vegas diamond debate
It was supposed to have been The Great Diamond Debate. But Paul Sarnoff, editor of Gold Stocks Advisory and noted diamond play skeptic, was thrown onto the ropes during a panel discussion sponsored by…
Libby project drilling planned
Drilling is expected to begin in early October on the Libby property to test zinc-lead targets. The project straddles the border near Trail, B.C., and includes the nearby Lead Hill mine property as we…
Fipke `really happy’ with diamonds’ quality — Economic pipes
Partners Dia Met Minerals (TSE) and BHP Minerals Canada appear to have three economic diamondiferous kimberlite pipes on their land package in the Lac de Gras region of the Northwest Territories, plus…
Antares lists on TSE
Shares of Antares Mining and Exploration, which recently merged with Goldpost Resources, have begun trading on the Toronto Stock Exchange. The debt-free company has $5.5 million in cash and 14.6 milli…
Coming to a mine near you: ISO9000
What do Iron Ore Co. of Canada, Quebec Cassiar Mining, Bell Northern Research, Bombardier and Dupont Canada all have in common? They are all registered with ISO9000, a system of quality standards whic…
Bitech to sell Nugget Pond gold property
According to a signed letter of intent, privately owned Noveder can acquire the Nugget Pond gold property from Bitech (ASE). Situated on Newfoundland’s Baie Verte Peninsula, the property has estimated…
BHP Minerals considering additional work on X-Cal’s claims in
Drilling has been carried out by BHP Minerals on three properties held by X-Cal Resources (TSE) along Nevada’s Battle Mountain trend. The 20-hole program provided an initial test of some targets and w…