Bolivar doubles mill capacity
Bolivar Goldfields (BVG-T) will double, to 1,400 tonnes, the daily capacity of the mill it bought in Venezuela last June.The refurbished Revemin mill will continue to process gold ore. Bolivar says th…
News
NEWS ROUNDUP — Eurasia finances Kazakstani work
Calgary-based Eurasia Gold (EGX-A) expects to raise $6 million for further work on its gold projects in Kazakstan through a private placement with Ourominas Minerals (OMI-T).Ourominas will purchase 60…
MINING MARKETS & INVESTMENT NEWS – EASTERN MARKETS — Pessimisim haunts producers, spooks market
The Toronto Stock Exchange 300 index lost a modest 57.37 points in the report period ended Dec. 7, to end the week at 6,399.77.The precious metals and minerals sub-group suffered another dismal period…
LME WHSE LEVELS (December 14, 1998)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at Dec. 7/98 (change from Dec. 1 in brackets):MetalStocks (tonnes)Change…
Orezone hits high-grade gold
Trenching by Orezone Resources (ORZ-M) has revealed a high-grade gold zone at the Intidougou property in Burkina Faso.Eight channel samples from a continuous zone of highly silicified, brecciated bed…
DIAMOND PAGE — Lytton, New Indigo consider merger
Lytton Minerals (LTL-T) and New Indigo Resources (NDR-A) have resumed discussions regarding a possible amalgamation.The companies are 50-50 partners in the 684,000-acre Jericho project in the Northwes…
More mineralization for Cross Lake at Sheraton
Drilling by Cross Lake Minerals (CRN-V) at the Sheraton Twp. property, 40 km east of Timmins, Ont., has intersected more base metal mineralization along an exhalative horizon south of the Destor-Porcu…
Careers (December 07, 1998)
Kahama Mining Corporation Limited…
PEOPLE – Winspear
Hugh Morris appointed director.
PEOPLE – Viceroy
Eric Edwards appointed chief financial officer.
PEOPLE – Seahawk
J.S. Drever appointed director.
Mining shucksters swamp shellfish soiree
An estimated 350 people from Toronto’s mining, exploration and financial community turned up at the oyster party held annually by explosives company Orica Canada and the Toronto branch of the Canadian…