Western Pacific seeks JV in PNG
Edmonton-based Western Pacific Gold (WPI-A) says it has entered negotiations with an undisclosed company to form a joint venture to explore in Papua New Guinea.Western Pacific is keeping the name of t…
News
PRODUCER & DEALER PRICES (July 20, 1998)
Aluminium: LME settlements US$1,289.50, alloy US$1,255 per tonne (July 13/98).Antimony: Representative mid-market US$1,375 per tonne (July 13/98).Bismuth: Representative mid-market US$3.60 per lb. (Ju…
Rio Tinto joins Pangea in Peru
A subsidiary of Pangea Goldfields (PGD-T) has optioned the Huancavelica gold property in central Peru to Rio Tinto (RTP-N).The major can earn a 55% interest in the property by making staged payments a…
Canyon suspends EIS at McDonald
Weak gold prices have forced Canyon Resources (CAU-X) to slow the permitting process at its McDonald gold project in Montana.The company was spending US$500,000 per month on the environmental impact s…
DIAMOND PAGE — Diagem tests property
Determined to find the kimberlite source of alluvial diamonds found on the Chapada property in Brazil’s Mato Grosso state, Diagem International Resource (DGM-V) has begun drilling selected targets.The…
Sirios active near James Bay
Montreal-based Sirios Resources (SOI-M) has kicked off several summer exploration programs in northwestern Quebec.At the Aquilon project, near James Bay in northwestern Quebec, the junior is endeavori…
DIAMOND PAGE — Winspear finances Snap Lake program
Of the $2.5 million budgeted for diamond exploration for the remainder of the year, Winspear Resources (WSP-V) intends to spend $1.5 million in the Snap Lake area of the Camsell Lake property in the N…
Grayd, Inmet Mining drill prospects at Glacier Creek
Diamond drilling is under way on the Glacier Creek polymetallic property, 100 km south of Fairbanks, Alaska.The property is one of six that make up the 100-sq.-km Bonnifield joint venture, in which In…
Lyon Lake aborts Beta Vargas mine
Citing the weak gold market, Lyon Lake Mines (LLL-M) has suspended mining at its Beta Vargas open pit in Costa Rica, though heap-leaching is continuing.Despite this setback, Lyon Lake says it plans to…
America Mineral Fields deals for Russian diamond properties
America Mineral Fields (AMZ-T) has picked up interests in two diamond licences in northern Russia.AMF can obtain, from a Russian-based company, a 40% interest in each of the licences, which are under …
Meridian gives green light to El Penon
On the heels of a new discovery at the El Penon project in northern Chile, Meridian Gold (MDG-N) has decided to proceed with development of a combined open-pit/underground mine.The Reno, Nev.-based co…
BHP, Orion advance Agua Rica to feasibility
Having kicked off a 1-year, US$8.4-million work program, BHP Copper and Northern Orion Explorations (NNO-T) are well on the way to completion of final feasibility work on the Agua Rica porphyry projec…