Atapa options Doherty ground
Atapa Minerals (AML-M) has signed a deal with privately held DCM Gold to acquire the Doherty Cooper gold property near Kirkland Lake, Ont.Atapa can acquire a full interest in the eight claims that mak…
News
Newmont, SW Gold ink Peruvian deal
Newmont Gold (NGC-N) will join Southwestern Gold (SWG-T) in the search for gold deposits in southern Peru.Newmont can earn a half-interest in Southwestern’s Puno project by spending US$1.5 million ove…
Orvana aims to double Pederson resource — Potentially large target attracts attention of BHP
After a hiatus of more than a year, Orvana Minerals (ORV-T) is preparing to resume drilling at the Pederson project in the central Altiplano region of western Bolivia.Reflecting a renewed interest in …
Partners expand Chocolate Reef
An independent resource calculation has increased by 31% the size of the Chocolate Reef gold deposit in Tanzania’s Lake Victoria Gold district.Chocolate Reef is situated on the Kahama property, which …
Scoping study points to Camsell Lake’s potential
Preliminary results of a scoping study of the NW Snap Lake kimberlite dyke at the Camsell Lake property in the Northwest Territories suggest that the potential economics of the project are strong.Wins…
EDITORIAL & OPINION — ODDS ‘N’ SODS — Getting the house in order
In 1925, I was finishing a job for Longyear in West Virginia and, at the same time, looking for work in Canada.A.D. Wentworth, a Boston mining engineer, offered me a job at what was known as the W.A.D…
SPOT PRICES (October 12, 1998)
Wednesday October 7, 1998Price (US)Week’s ChangeGold*$298.85+$4.75Silver*$ 5.13…
MINING MARKETS & INVESTMENT NEWS — INSIDER TRADING — Vengold adorns execs with options
Vancouver-based Vengold (VEN-T) granted three officers and five directors a total of 2.95 million options in July. The sweetener came just weeks before the company nabbed a further 6.5% interest in th…
Cumberland drilling expands Third Portage
Interim drill results from the Meadowbank gold project in Canada’s Far North has expanded the eastern, near-surface portion of the Third Portage deposit, a potential open-pit mine.The Meadowbank proje…
Meetings (October 12, 1998)
Oct. 13, Icelandic Gold Oct. 13, Tullaree Oct. 14, Loubel Oct. 14, Mar-West Oct. 14, United Gunn Oct. 15, Brimstone Oct. 15, Chalice Oct. 15, Kelnick Oct. 15, Pacific Rim Oct. 15, Telford Oct. 15, Wes…
Royal Oak plans $81-m writedown
Royal Oak Mines (RYO-T) plans to take a pretax, US$81-million writedown as a result of lacklustre gold prices and restrictions on its ability to hedge gold production.Using a gold price of US$300 per …
EDITORIAL & OPINION — FACTS ‘N’ FIGURES — Alaskan mining sector strengthens
Exploration, development and production spending in Alaska topped $1.2 billion in 1997, up from $1 billion in 1996, according to figures released by the Department of Natural Resources.The report, ent…