Indo Pacific trenching exposes showing
The East Indies may no longer be a trendy destination for Canadian junior companies, but their mineral potential is good enough that some persistent explorers are still working quietly on solid projec…
News
MINING MARKETS AND INVESTMENT NEWS — Investment Commentary — First Marathon analyst gives nod to River Gold Mines
Kerry Smith, mining analyst for First Marathon Securities, has recommended River Gold Mines (RIV-T) as a “solid, long-term holding” for all small-cap and resource accounts.The junior has 30.8 million …
GOLD AND PRECIOUS METALS — Zen International perseveres in China — Junior acquires new gold projects in Guangdong and Henan provinces
Taking on mineral projects in China requires a degree of patience and tenacity few junior companies can muster. Zen International Resources (ZQP-V), which recently doubled the size of its portfolio of…
WESTERN MARKETS AND INVESTMENT NEWS – WESTERN MARKETS — South Voisey’s Bay juniors’ stocks hit hard
The Vancouver Stock Exchange composite index was off 1.5%, or 9.26 points, closing at 614.57 over the holiday-shortened report period ended May 19. The mining index slipped 10.07 points, or 2.1%, to f…
WESTERN MARKETS AND INVESTMENT NEWS – EASTERN MARKETS — Plunging nickel, copper prices drag down majors
With the price of nickel nosediving US25cents over the past two weeks to US$2.20 per lb., both of Canada’s big nickel producers took hits over the report period ended May 19: Inco dropped $1.95 to $21…
METAL PRICES – Daily Metal Prices (May 25, 1998)
BASE METALS (London Metal Exchange-Midday bid/ask prices in US$ per tonne)DateMay 19May 18May 15May 14May 13…
DIAMOND NEWS ROUNDUP — Trivalence boosts output
Junior diamond miner Trivalence Mining (tmi-v) of Vancouver, B.C., has reported new production figures from its 1,000-sq.-km Aredor concession in Guinea, West Africa.In April, Trivalence processed 31,…
NovaGold drills in northern Mexico
Nova Scotia-based NovaGold Resources (NRI-T) reports that diamond drilling has begun at the Koala project in central Chihuahua state, Mexico.In February, the company acquired a 20% interest in the 990…
Drills turning at South Voisey’s Bay
Donner Minerals (DML-V) and Teck (TEK-T) have commenced their long-anticipated drilling program at the South Voisey’s Bay project in Labrador.Three drill rigs are currently operating under the field s…
GOLD AND PRECIOUS METAlS — MSV finances program
Montreal-based MSV Resources (MSY-T) has raised $40 million to develop the Copper Rand 5000 project in the Chibougamau camp of northern Quebec.The financing consists of a $30-million loan from a major…
GOLD AND PRECIOUS METAlS — Mindoro to proceed to next phase at Agata
MRL Gold, the Philippine subsidiary of Mindoro Resources (MIO-A), has opted to continue exploring the Agata gold project after receiving encouraging results from preliminary work programs.Agata covers…
GOLD AND PRECIOUS METALS — Claude buys Tartan Lake mine in Manitoba
As a result of an aggressive acquisition spree, Saskatoon-based Claude Resources (CRJ-T) has moved several steps closer to its goal of producing 150,000 oz. gold per year by the turn of the century.Th…