NEWS IN BRIEF (April 27, 1998)
Blue Ribbon Resources (BLO-V) has changed its name to New Blue Ribbon Resources (NBL-V) on a 1-new-for-5-old-share basis.
News
Index (April 27, 1998)
CareersClassifiedDiamond PageDividendsDrillersEditorialGeologyInsider TradingInvestment CommentaryLetter to the EditorMetal PricesMining Markets andInvestment NewsNew ListingsOdds’n’SodsProfessional D…
MINING MARKETS AND INVESTMENT NEWS — EASTERN MARKETS — Rise in precious metals fails to boost TSE
The Toronto Stock Exchange 300 index lost 15.01 points, or 0.19%, during the report period ended April 21, to finish at 7765.52.With the exception of platinum, which fell US$11 to US$417 per oz., all …
Willow partners assess sampling data
Partners CaribGold Resources (CG-T) and Pure Gold Minerals (PUG-T) have cause for optimism at their jointly held Willow diamond property in southern Saskatchewan.Data, only recently discovered, from a…
World Wide, Kazakstan start talks over cancelled deals
World Wide Minerals (WWS-T) and the government of Kazakstan are in negotiations to settle a dispute surrounding the government’s cancellation of a management contract for the Stepnogorsk uranium mine….
DIAMOND PAGE — Monopros recovers samples from pipes
Monopros, a wholly owned Canadian subsidiary of De Beers Consolidated Mines (DBRS-Q), has collected 50-tonne drill samples from each of the Hearne, Tesla, Tuzo and 5034 pipes in the Northwest Territor…
Results enhance Tshane project
Exploration by Menora Resources (MEN-M) continues to add potential to the Tshane diamond project in southwestern Botswana.A soil sampling program over a 1-km grid identified six anomalous areas of kim…
Inco unveils development program for Creighton mine
Management of Inco (N-T) faced harsh criticism from union leaders representing its Canadian workers at the company’s first annual general meeting since the unveiling of restructuring plans that involv…
Gold Hawk eyes Peruvian silver-gold project
Montreal-based Gold Hawk Resources (CGK-A) is eyeing the open-pit potential of a past-producing, underground silver-gold mine 40 km east of the coastal city of Trujillo, in northern Peru.President Jea…
Costs cut at Nanisivik
Breakwater Resources (BWR-T) reports that milling improvements at its Nanisivik zinc mine on Baffin Island are partly responsible for a boost in earnings last year.The remote operation turned a profit…
Placer Dome buys stake in Vengold
Placer Dome (PDG-T) has acquired a 16.8% interest in Vengold (VEN-T) by subscribing to 23.6 million of the company’s shares at $1.75 each, for gross proceeds of $41.3 million.Vengold’s primary asset i…
1998 Mining for Miracles campaign launched
The 11th annual Mining for Miracles campaign is under way in British Columbia.Over the past 10 years, the campaign has raised and contributed almost $3.5 million to B. C.’s Children’s Hospital Foundat…