DIAMOND NEWS — Mountain Lake advances Klipgat
Mountain Lake Resources (MOA-V) has approved plans for alluvial mining at its Klipgat 18 concession in South Africa.Exploration at the property, situated on the Mooi River in Transvaal province, outli…
News
SouthernEra resumes search for Yuryi source
Toronto-based SouthernEra Resources (SUF-T) is continuing its search for the source of diamond-bearing boulders found near the shore of Munn Lake at the Back Lake project in the Northwest Territories….
DIAMOND NEWS — Namibian first lady honoured
Namibia’s first family was on hand at the christening of the MV Kovambo, a mining ship owned by Namibian Minerals (NMR-T) and named after the country’s first lady.More than 200 people attended the cer…
De Beers options AfriOre ground
AfriOre (AFO-V) has farmed out two of its projects in Botswana to a division of De Beers Consolidated Mines (DBRS-Q).In the Kokong project, where AfriOre holds a 58% interest and Billiton the balance,…
Meetings (March 01, 1999)
March 1, Curran BayMarch 2, Int’l DatashareMarch 3, WindarraMarch 9, Cons. AbitibiMarch 9, IntertechMarch 9, LakewoodMarch 9, MustangMarch 9, RamarroMarch 10, Harvey CreekMarch 10, MacMillanMarch 10, …
Nevsun to sell Kubi to Ashanti Goldfields
African producer Ashanti Goldfields (AHD-T) will pay Nevsun Resources (NSU-T) US$1.8 million, in addition to a production royalty, for surface rights to the Kubi gold project in Ghana.Nevsun owns 100%…
Battle Mountain writes off stake in Lihir — More gold produced at Golden Giant, Kori Kollo
To fund development projects in the U.S., Battle Mountain Gold (BMG-N) will dispose of its interest in the Lihir gold mine in Papua New Guinea.The company holds an 8.65% interest in the mine’s owner, …
Drill results keep AG in spotlight
While drilling continues, along with discussions with major mining companies, Argentina Gold (ARP-V) has released an updated resource estimate for two targets at its 60%-owned Veladero gold-silver pro…
TSE INDICES (March 01, 1999)
1999 — DateFeb. 23Feb. 22Feb. 19Feb. 18Feb. 17HighLow…
LME WAREHOUSE LEVELS (March 01, 1999)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at Feb.23/99 (change from Feb. 16 in brackets):MetalStocks(tonne)Change…
Electra finds rocky road at Rambler
The unfavourable results of a due diligence review by a potential partner have prompted Electra Gold (ELT-V) not to proceed with the Rambler tailings project in the Baie Verte region of Newfoundland.T…
NEWS ROUNDUP — BYG suspends mining Mt. Nansen
Milling and mining operations have ceased at the Mt. Nansen gold-silver mine, 120 miles north of Whitehorse, Y.T.Operator B.Y.G. Natural Resources (BYG-T) was told to close the mine by the water resou…