SPOT PRICES (July 06, 1998)
Tuesday June 30, 1998Price (US)Week’s ChangeGold*$295.75+ $1.85Silver*$ 5.36…
News
Intrepid and High River find silver at El Zapote
Partners Intrepid Minerals (IAU-A) and High River Gold Mines (HRG-T) have uncovered silver mineralization at their El Zapote property in western El Salvador.Six trenches dug in the Cerro Colorado III …
DIAMOND PAGE — Poplar, partner to develop past producer
Poplar Resources (PPX-V) and its partner have been granted a mining permit to begin operations at the Aardvark diamond projectin South Africa’s Orange Free State.The permit, which was granted to Popla…
Aur holds steady despite weak metals market
Earnings of Aur Resources (AUR-T) fell during the first quarter, but the company managed to post a profit despite slumping base metal prices.Aur earned $400,000 (or 1 cents per share) on revenue of $2…
MINING MARKETS & INVESTMENT NEWS — Bema Gold and Arian Res. close merger agreement
The recent takeover of Arian Resources by Bema Gold (BGO-T) has given the latter firm a majority interest in Omsukchansk Mining and Geological, which owns the Julietta gold-silver deposit in Russia’s …
MINING MARKETS & INVESTMENT NEWS — New Altius properties get boost from financing
Proceeds from a private placement by Altius Minerals (ALS-A) will enable the company to fund work programs at several gold properties in Newfoundland.The St. John’s, Nfld.-based company raised $210,00…
Scoping study completed at Twin Gold’s Atlanta
A feasibility study is under way at the Atlanta gold project near Boise, Idaho, and operator Twin Gold (TWG-T) says it is in discussions with several sources regarding financing.A recently completed s…
DIAMOND PAGE — Another kimberlite found at Victoria Island
Monopros has intersected a fifth kimberlite at the Victoria Island diamond project in the Northwest Territories.The De Beers Consolidated Mines (DBRS-Q) subsidiary can earn a 51% interest in the 809,3…
DIAMOND PAGE — Seahawk nabs Brazilian emerald play
In a departure from its focus on gold exploration, Seahawk Minerals (SKM-V) has acquired an emerald property in Brazil.The company is putting together a land package south of Belo Horizonte in Minas G…
Radisson uncovers gold-bearing veins
Drill results from the O’Brien gold property in Quebec’s Cadillac Twp. are stimulating the exploration efforts of Radisson Mining Resources (RDS-M).The junior is earning a half-interest in the past pr…
Ateba enters environmental business
Though still committed to diamond exploration in California, Ateba Mines (ABM-A) has entered the environmental cleanup business through a newly acquired subsidiary, Claytech Environmental Services.Ate…
Meetings (July 06, 1998)
July 6, Bravo GoldJuly 6, Petra extraordinaryJuly 6, Roxwell GoldJuly 7, First Canadian GoldJuly 7, DumontJuly 7, HucampJuly 7, MidasJuly 7, TrincanaJuly 7, OlympicJuly 8, BonaventureJuly 8, CansparJu…