Armada gets backing for Baley gold project
Russia’s Vneshtorg Bank will provide backing to Armada Gold (AAU-T) in the form of a gold sales commission agreement, paving the way for development of the Baley gold project in southeastern Siberia.T…
News
Companies (May 04, 1998)
Abacus MineralsAber ResourcesAbitibi MiningAfrican Selection MiningAGC Americas GoldAlhambra ResourcesAlpha GoldAmax GoldAmerican Bullion MineralsAnglo AmericanAntares MiningAnzex ResourcesArizona Sta…
MINING MARKETS AND INVESTMENT NEWS — GMD, La Teko among juniors engaged in financings
The following Vancouver-based juniors recently reported financings for their work programs.* GMD Resources (GMD-V) has reached an agreement with several subscribers for a private placement of 1.7 mill…
FINANCING (May 04, 1998)
McBroom Resources — Offering Price & Description: $* — 1,000,000 Common Shs (Upon the Exercise of 1,000,000 previously issued Special Wts).Vengold — Offering Price & Description: $41,175,000 – 22,5…
Juniors plan drilling on nickel prospect in Yukon
Glenhaven Resources (GNN-A) and Blackstone Resources (BZZ-V) are firming up plans to drill at the Taiga nickel-zinc property, situated 120 km northeast of Dawson City, Y.T.The companies expect to mobi…
MINING MARKETS AND INVESTMENT NEWS – WESTERN MARKETS — ASE outshines Vancouver as golds make modest gains
The Vancouver Stock Exchange composite index dropped 12.98 points to close at 619.53, whereas the mining index fell below the 500 mark, to 490.01, for the report period ended April 28. However, the co…
MINING MARKETS AND INVESTMENT NEWS – EASTERN MARKETS — TSE falls on possible rate increases south of border
Speculation that the U.S. Federal Reserve Board may soon increase interest rates sapped some life out of the Toronto Stock Exchange 300 index, which lost 197.85 points during the report period ended A…
Partners hit gold at Despinassy
Drilling at the Despinassy gold property, 70 km north of Val d’Or, Que., has returned encouraging results for partners Major General Resources (MGJ-V) and Cameco Gold, a wholly-owned unit of Cameco (C…
Orvana makes progress at Don Mario
Vancouver-based Orvana Minerals (ORV-T) reports that progress is being made at its drill program on the Don Mario copper-gold deposit in eastern Bolivia.Assay results from 11 holes are “better than pr…
Plata tests zone in Peru
Preliminary exploration by Plata-Peru Resources (PPU-A) has confirmed the presence of base metal mineralization near its Pachapaqui mine in Peru.Work included ground geological mapping and sampling of…
Production on rise for Greenstone
Production at the Central American gold mines of Greenstone Resources (GRE-T) is on track to reach 233,000 oz. gold in 1998, a substantial increase from the 63,563 oz. produced in 1997.For the first q…
geology 101
Banded iron formation-hosted gold deposits, Part 2Banded iron formation-hosted gold deposits are important in terms of Canadian and U.S. gold production, as illustrated by mines such as the Lupin and …