Viceroy drills Argentine target
Viceroy Resource (VOY-T) has begun drilling at the Gualcamayo project in the western Argentine province of San Juan.The Vancouver-based producer has three drill rigs on the Quebrada del Diablo prospec…
News
Goldcorp feasibility shows drop in costs — Mine could produce from new zones at US$88 per oz.
Results of a feasibility study commissioned by Goldcorp (G-T) show that the new high-grade zones at the Red Lake mine in Balmertown, Ont., could be mined at cash costs of below US$100 per oz.The high-…
MINING MARKETS & INVESTMENT NEWS — EASTERN MARKETS — Gold remains a haven amid global uncertainty — Nickel dives to 11-year low as base metal majors slump
Market anxiety continued to reign during the Sept. 30-Oct. 6 report period as the economic crisis gripping Asia and Russia threatened to take hold in Latin America. The Group of Seven most-industriali…
Royalty twins pick up Romarco’s Midas play
Franco-Nevada Mining (FN-T) and Euro-Nevada Mining (EN-T) have tightened their grip on the Midas district in northern Nevada by acquiring the properties of Romarco Minerals (R-T) in a stock deal value…
Magadan, firms set exploration budgets
The regional government of Magadan in northeastern Russia has budgeted $14 million for the exploration of new gold deposits in 1999.The government intends to spend $11.4 million in the search for hard…
LETTER TO THE EDITOR — The evolution of geostatistics
Jim Whyte’s recent article (“Recent history reveals trends in mine failures”, T.N.M., Sept. 28-Oct. 4/98) was an interesting read, even more so when I came across my name and quotes from a 1991 articl…
MINING MARKETS & INVESTMENT NEWS — WESTERN MARKETS — Vancouver records gains, Alberta dips slightly — Deals, good results buoy Canadian, foreign juniors
The Vancouver Stock Exchange composite index lost 7.38 points, or 1.85%, over the week ended Oct. 6 to close at 392.61. The mining index managed to tack on 3.36 points, or 1.2%, to round out our tradi…
Golden Regent, LBN cut gold in Slovakia
Drilling at the past-producing Lom gold-antimony project in Slovakia has confirmed mineralization for Golden Regent Resources (GRR-A) and its partner, LBN Syndicate of Australia.The first two core hol…
Atna’s court date with Boliden delayed
Atna Resources’ (ATN-T) court date with Boliden (BOL-T), originally scheduled for Sept. 24 and 25, has been postponed to Nov. 25 and 26.Earlier this summer, the British Columbia Supreme Court granted …
Drilling continues at Jericho project
The discovery hole into the recent kimberlite find at the Jericho project in the Northwest Territories pulled 92.5 metres of kimberlite from the land-based Contwoyto-1 target between a downhole depth …
Summo to develop Lisbon Valley copper
Denver-based Summo Minerals (SMA-T) has received approval to construct and develop the Lisbon Valley copper project in southeastern Utah.The go-ahead stems from a decision, by Deputy Chief Administrat…
METAL PRICES (October 12, 1998)
BASE METALS (London Metal Exchange-Midday official cash/3-month prices, US$ per tonne)DateOct. 6Oct. 5Oct. 2Oct. 1…