NEWS ROUNDUP — Gold zone grows at Kavola East
Soil sampling by Indo Pacific Resources (IPF-A) at its Kavola East gold zone in Papua New Guinea has extended the area of mineralization.Situated on the New Britain licence, the Kavola East zone was e…
News
Int’l Taurus begins work in Casa Berardi
Field work has begun on several of the 20 properties being managed by International Taurus Resources (ITS-V) in the Casa Berardi area of northwestern Quebec.Until recently, the properties were, for th…
Kori Kollo looks to expand — Battle Mountain sees mine as a model for Bolivian exploration
The prospect of diminishing reserves at the Kori Kollo mine, Bolivia’s largest gold producer, has spurred Battle Mountain Gold (BMG-N) to continue exploring the area for additional deposits.The compan…
MOST ACTIVE ISSUES (October 05, 1998)
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MINING MARKETS & INVESTMENT NEWS — Producers up on gold’s strength
Early in the report period Sept. 23-29, the Dow Jones industrial average jumped over 200 points. Holding more-or-less steady for the rest of the week, the average closed at 8,080.52, up 183.32 points …
TSE SHORTS (October 05, 1998)
Short positions outstanding at September 18, 1998Larger individual positions include:Abitibi Consolidated2,079,307, up 94,475; Alcan Aluminium 1,045,099, down 73,536; Asia Pacific Resources 255,400; B…
PRODUCER & DEALER PRICES (October 05, 1998)
Aluminium: LME settlements US$1,312.50, alloy US$1,128 per tonne (Sept. 29/98).Antimony: Representative mid-market US$1,320 per tonne (Sept. 29/98).Bismuth: Representative mid-market US$3.25 per lb. (…
Rubicon eyes Point Leamington deposit
Two letters-of-intent pave the way for Rubicon Minerals (RMX-V) to acquire the Point Leamington massive sulphide deposit near Grand Falls, Nfld.The deposit hosts an estimated resource of 13.2 million …
NEWS ROUNDUP — Electra finances tailings project
Electra Gold (ELT-V) has raised sufficient funds to begin processing tailings at a Newfoundland mill owned by Ming Minerals.The project hinges on a rental agreement with Eastern Meridian Mining (EME-A…
Princess picks up three licences in central China
China’s Ministry of Land and Mineral Resources has granted four gold exploration licences to the Chinese affiliate of Princess Resources (PRL-V).The affiliate, Princess Xinxiang Geological Mining, is …
DIAMOND PAGE — Buffalo Hills JV puts dense media plant on hold
Ashton Mining of Canada (ACA-T) and its partners in the Buffalo Hills joint venture have deferred construction of an on-site dense media separation (DMS) plant at their diamond project in north-centra…
WBH nets Inmet $50m
At a recent auction, Inmet Mining (IMN-T) sold its wholly owned Austrian tungsten producer Wolfram Bergbau-und Hutten (WBH) to a private European holding company. In return, the Toronto-based company …