GREATES VALUE TRADED, March 10-16
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Articles by Northern Miner Staff
Mountain Lake digs Klipgat gravels
Alluvial diamond mining has begun at the Klipgat 18 concession in South Africa.Mountain Lake Resources (MOA-V) reports that its privately owned partner recovered four stones in February from just over…
U.S. MARKETS — Dow soars as gold falls
The Dow Jones industrial average climbed 236.71 points, or 2.4%, during the report period ended March 16, briefly touching 10,000, before closing at 9930.47 points.However, it was bad news for miners …
Pangea, Rio Tinto hit values in Peru
Drilling by the exploration arm of Rio Tinto (RTP-N) has intersected copper-gold-silver mineralization at the Pukaqaqa property in Peru, a joint venture with Toronto-based Pangea Goldfields (PGD-T).Th…
Index (March 22, 1999)
CareersClassifiedCommentaryDiamond PageEditorialFacts’n’FiguresLetter to the EditorMetal PricesMining Markets & Investment NewsNews RoundupStock Market…
Redstar to gain Yukon ground
A preliminary option agreement sets the stage for Redstar Resources (RST-V) to acquire the Clear Creek property in the Yukon’s Dawson mining district.To exercise the option, Redstar must spend $1.25 m…
Claude sets production record — Earnings steady but writedowns hurt profit figures
A record year for production at the Seabee gold mine in northern Saskatchewan ensured an operating profit for Claude Resources (CRJ-T) in 1998, but writedowns taken on assets meant earnings were lower…
Winspear, Aber disagree at Camsell Lake
A dispute has arisen between Winspear Resources (WSP-V) and Aber Resources (ABZ-T), partners at the Camsell Lake diamond project in the Northwest Territories.The quarrel centres on Aber’s participatio…
Projects vie for attention at convention
More than 6,500 delegates from throughout the world descended on Toronto in mid-March for the 1999 Prospectors & Developers Association of Canada (PDAC) convention. While international projects clearl…
Seahawk finds emeralds at property in Brazil
Seahawk Minerals (SKM-V) reports that preliminary drilling at the Piteiras property in Brazil’s Minas Gerais state has encountered emeralds.Two of four holes drilled into high-grade metamorphic rocks …
Social problems in developing countries pose challenge — Canadian companies learning that it pays to be a friendly neighbour
Although Canadian mining companies have made considerable progress improving their environmental record, few of them paid much attention to their social record — particularly in developing nations –…
General Minerals cuts mineralization
General Minerals (GNM-T) has encountered significant mineralization while drilling at the Escalones copper-gold project, 100 km southeast of Santiago in central Chile.The company hit 125.9 metres grad…