NEWS ROUNDUP — Eurasia finances Kazakstani work
Calgary-based Eurasia Gold (EGX-A) expects to raise $6 million for further work on its gold projects in Kazakstan through a private placement with Ourominas Minerals (OMI-T).Ourominas will purchase 60…
Articles by Northern Miner Staff
MINING MARKETS & INVESTMENT NEWS – EASTERN MARKETS — Pessimisim haunts producers, spooks market
The Toronto Stock Exchange 300 index lost a modest 57.37 points in the report period ended Dec. 7, to end the week at 6,399.77.The precious metals and minerals sub-group suffered another dismal period…
LME WHSE LEVELS (December 14, 1998)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at Dec. 7/98 (change from Dec. 1 in brackets):MetalStocks (tonnes)Change…
Orezone hits high-grade gold
Trenching by Orezone Resources (ORZ-M) has revealed a high-grade gold zone at the Intidougou property in Burkina Faso.Eight channel samples from a continuous zone of highly silicified, brecciated bed…
DIAMOND PAGE — Lytton, New Indigo consider merger
Lytton Minerals (LTL-T) and New Indigo Resources (NDR-A) have resumed discussions regarding a possible amalgamation.The companies are 50-50 partners in the 684,000-acre Jericho project in the Northwes…
More mineralization for Cross Lake at Sheraton
Drilling by Cross Lake Minerals (CRN-V) at the Sheraton Twp. property, 40 km east of Timmins, Ont., has intersected more base metal mineralization along an exhalative horizon south of the Destor-Porcu…
Inmet suspends mining at Winston Lake — Reserves to be recalculated during 3-month review period
With zinc prices remaining low and a newly developed ore zone failing to live up to expectations, Inmet Mining (IMN-T) is suspending operations at its troubled Winston Lake zinc-copper mine on the nor…
Portuguese zinc-copper project viable
A prefeasibility study indicates that the Aljustrel mining complex in southern Portugal can be brought into production swiftly and economically.Rescan Engineering performed the prefeasibility study wh…
El Callao boosts resource
El Callao Mining (ECM-V) has increased by half a million ounces the overall resource estimate at its Lo Increible gold property in Venezuela.Indicated and inferred resources from six deposits now tota…
EDITORIAL & OPINION — Has gold lost its lustre? — Canada selling again
Gold bugs are nothing if not faithful to their precious metal of choice. Any day now, they say, gold will break out of its below-US$300-per-oz. trading trough and head straight for the stars. Unfortun…
PEOPLE — American Gem (December 14, 1998)
Wayne Beach and Ian Bradley appointed directors; Vic Alboini appointed president.
LETTER TO THE EDITOR — Experience key to reliable geostat data
In response to your editorial “Challenging geostatistics” (T.N.M., Sept. 28-Oct. 4/98), I agree with Jan Merks that the method of ore reserve estimation by kriging within geological limits is incorrec…