Expert inspects Seahawk find
Seahawk Minerals (SKM-V) has commissioned an expert to examine two walnut-size stones recovered from drill core at the Piteiras project in eastern Brazil. Each weighs about 75 carats.The 3,900-metre d…
News
Drilling adds sparkle to Magistral
Drilling by Queenstake Resources (QRL-T) has intersected high-grade gold values below the projected open pit at the Magistral property in Sinaloa state, Mexico, exceeding the company’s expectations.Th…
INDEX (January 10, 2000)
Aber Res.14Alberta Engergy2Archon Min.10Ashton Min.2, 3, 6, 20Atlas17Barrick Gold1Berland Res.6Black Range6Botswana Dia.2…
Atlas emerges from bankruptcy
Creditors and the U.S. Bankruptcy Court have approved a plan of reorganization submitted by Atlas (ATSP-OTC).Under the plan, the company will no longer be liable for reclamation of the Moab uranium mi…
North opts out of Antone Canyon
Widely spaced drilling at the Antone Canyon gold property in central Nevada has returned disappointing values for Royal Standard Minerals (RSM-M) and Australia’s North.The latter spent almost three mo…
Metallica issues shares to Franco
Denver — In return for a loan used to purchase the Mara Rosa gold property in Brazil, Metallica Resources (MR-T) has issued 2.2 million shares to Franco-Nevada Mining (FN-T).In 1997, Franco guarantee…
EVENTS (January 10, 2000)
Jan. 25-28 B.C. & Yukon Chamber of Mines — “Cordilleran Geology and Exploration Roundup.” Hotel Vancouver, Vancouver, B.C. Tel: (604) 681-5328.Jan. 30-Feb 2 American Zinc Association — “Int’l Zinc C…
SUPPLIERS’ NEWS ROUNDUP
Drilling suppliers Boart Longyear and Layne Christensen say a recent deal between the two firms, in which each will supply the other with drilling equipment it does not manufacture, is a sign of the t…
Spot Prices Wed. January 5, 2000
Precious MetalsPrice (US$/oz.)ChangeGold$282.10-$8.55Silver$ 5.29+$0.09…
Russians blindside Pan American Silver
A month-old Russian company that describes itself as a machinery and aircraft builder has succeeded in its US$12-million bid for surface assets at the huge Dukat silver mine in Eastern Russia.The succ…
Inca Pacific hits hot hole at Magistral
Vancouver — The last five holes of an 8-hole drill program on the Magistral copper skarn property in north-central Peru have intersected significant copper mineralization for partners Inca Pacific Re…
Cambior inks restructuring agreement with lenders
Beleaguered Cambior (CBJ-T) has finally signed a definitive restructuring agreement with its lenders and hedge providers.The deal brings to a close a 3-month standstill period initiated after the gold…