Medinah buys properties
California-based Medinah Energy (MDIN-O) has acquired the Alto de Lipangue and Las Dos Marias gold properties, which comprise 5,000 ha in central Chile.The company paid US$10 million to the vendor, wh…
News
Strike ends at Con
Unionized mine workers at the Con gold mine in Yellowknife, N.W.T., have voted to accept a new collective agreement with owner Miramar Mining (MAE-T), ending a strike that started almost a year ago.De…
LATIN AMERICA — Greystar, Conquistador explore in Colombia
Drilling at the Angostura gold-silver project in northeastern Colombia has returned impressive results for Greystar Resources (GSL-T).The Vancouver-based company drilled three infill holes from the sa…
LATIN AMERICA — NEWS ROUNDUP — Golden Peaks reports encouraging results
Golden Peaks Resources (GL-V) has received encouraging drill results from its Sierra de Las Minas project in northwestern Argentina.Results for hole 8, drilled to test a mineralized zone on the Vallec…
LATIN AMERICA — Ecuador commissions airborne survey
The government of Ecuador and the World Bank are collaborating on an airborne magnetic survey over the portion of the Cordillera Occidental that occupies the country.Watts Griffis & McOuat and SIAL Ge…
EDITORIAL & OPINION — NEW HORIZONS — Silver solder improved
Silver-tin alloys have established a superior record of performance for strong, ductile bonds that stand up to unlimited thermal and physical shocks, as well as for prohibiting the build-up of bacteri…
LATIN AMERICA — Yanacocha number-one gold producer in Latin America
The Yanacocha operation in northern Peru’s Andes Mountains held its status as the top gold producer in Latin America in 1998, turning out 1.34 million oz. with full production from a fourth mine and s…
LATIN AMERICA — Gammon secures Brenda
Dartmouth-based junior Gammon Lake Resources (GAML-C) has reached an agreement to earn the remaining interest in the Brenda gold project near the city of Ocampo, in Chihuahua state, Mexico.Gammon, whi…
LATIN AMERICA — Low copper prices stall Petaquilla
With total minable reserves of 1.1 billion tonnes averaging 0.5% copper, 0.09 gram gold per tonne and minor molybdenum, the Petaquilla property in eastern Panama is one of the largest undeveloped copp…
LATIN AMERICA — Drilling disappoints for Metallica
Follow-up drilling by Metallica Resources (MR-T) at its El Morro and La Fortuna projects in central Chile has yielded disappointing results. Thirteen reverse-circulation holes failed to return copper …
NEWS ROUNDUP — NAR options titanium project
Junior NAR Resources (NRL-M) can acquire a one-third interest in a titanium deposit discovered by privately held Titanium Corp. of Canada in the Shubenacadie River near Truro, N.S.To earn its interest…
MINING MARKETS & INVESTMENT NEWS — U.S. MARKETS — Metal prices send miners soaring
The Dow Jones industrial average edged up 53.54 points, or 0.5%, during the report period ended April 20 to close at 10,448.55, as strong commodity prices lit a fire under resource companies. Miners r…