Beaufield drills near Ottawa
On the belief that the past-producing Calumet mine near Ottawa has undiscovered extensions, Beaufield Consolidated Resources (BFD-V) has agreed to acquire an interest in two adjoining properties.Immed…
News
MINING MARKETS & INVESTMENT NEWS – EASTERN MARKETS — TSE suffers mild setback, gold producers gain
The Toronto Stock Exchange 300 index fell 163.1 points during the report period Dec. 9-15, ending the week at 6,236.67.Gold producers regained some investor confidence, as the gold and precious metals…
Radisson aims to buy gold deposits in Quebec
Under a letter-of-understanding with partner Breakwater Resources (BWR-T), Radisson Mining Resources (RDS-M) plans to purchase sole ownership of the O’Brien gold property and the adjacent Kewagama cla…
Mid-North, Formation start drilling
Partners Mid-North Resources (MNU-A) and Formation Capital (FCO-T) report that diamond drilling is under way at the Central Manitoba gold property in the province’s southeastern region.The program wil…
Placer makes bid for Getchell
Placer Dome (PDG-N) is poised to acquire all the outstanding shares of Getchell Gold (GGO-X) in a US$1.08-billion manoeuvre aimed at taking over the company’s underground operations in northern Nevada…
Golden Knight sells stake in African JV
Golden Knight Resources (GKR-T) is selling its half-interest in the Manso Nkwanta joint venture in Ghana. The deal will see Australian-based Leo Shield Explorations assume total ownership in return fo…
Cross Lake options zinc-silver property
Vancouver-based Cross Lake Minerals (CRN-V) has acquired an option on a zinc-silver property, 50 km northeast of Chase, B.C.Cross Lake can earn a 100% interest in the Ladybug property by paying $90,00…
Companies (December 21, 1998)
Aber ResourcesAlberta EnergyArgentina GoldAshton Mining of CanadaBarrick GoldBattle Mountain GoldBeaufield Consolidated ResourcesBreakwater ResourcesBroken Hill ProprietaryCanaco ResourcesCanadian Gol…
Chesbar resumes drilling at La Salle concession
Junior Chesbar Resources (CBI-M) has resumed diamond drilling at its gold property in southeastern Venezuela.The effort is designed to test a faulted extension of the Main zone gold mineralization, wh…
Canaco confirms Colchester mineralization
Junior Canaco Resources (CSE-M) has wrapped up a successful exploration program at the wholly owned Colchester property near Springdale, Nfld.The Colchester property contains several known copper-gold…
Freeport cuts costs to pay down year-end debt
Freeport-McMoRan Copper & Gold (FCX-N) is tightening its belt to weather low copper and gold prices.The New Orleans-based major says it will lower operating costs, and capital and exploration expendit…
EDITORIAL & OPINION — GEOLOGY 101 — Zinc-copper VMS deposits, Part 1
There are two main sub-types of copper-zinc volcanogenic massive sulphide (VMS) deposits: those that occur in Archean-Proterozoic greenstone belts (the Noranda-type) and those that formed in ocean env…