GOLD FUNDS (March 22, 1999)
Gold Funds as of March 11, 1999BGRCentralNet Value$14.306.07Price$9.90$5.
News
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…
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…
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 …
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…
Royalty sister buys stake in Cripple Creek
Euro-Nevada Mining (EN-T) has offered to buy a majority interest in Golden Cycle Gold (GCC-P), minority owner of the Cripple Creek-Victor joint venture, west of Colorado Springs, Colo.Euro intends to …
EDITORIAL — Climate change beyond human control — Exercise in folly
If geological time were divided into a 12-hour clock, humans would show up at midnight. Yet these two-legged creatures are so puffed up with self-importance that groups of them are plotting ways to cu…
BHP drills Bolivian gold target
Partners Orvana Minerals (ORV-T) and Broken Hill Proprietary (BHP-N) have announced a 3,000-metre drill program to expand known mineralization at the Pederson gold project in the Altiplano region of w…