News

Sulliden resumes work at Betts

Montreal-based Sulliden Exploration (SUE-M) has begun a second drill program at the Betts Cove gold project on Newfoundland’s Baie Verte Peninsula.The 6-hole, 1,600-metre effort, which is designed to …


Princeton plans merger with Imperial

L.Faced with a $2.7-million debt repayment and an empty till, Princeton Mining (PMC-T) has agreed to merge with Imperial Metals (IPM-T) by way of a plan of arrangement.Princeton’s main asset is a 60% …


COMMENTARY — Holding gold

Although the European Central Bank (ECB) will not come into formal existence until Jan. 1, 1999, its governing council will need to make a large number of decisions prior to this time, and one of thes…


Metal prices force Teck to take writedowns

Given the substantial decline in metal prices of late, Teck (TEK-T) has decided to take fourth-quarter, year-end writedowns totalling $175 million.The largest single component of the writedown is $52 …


Aurado picks up Mexican ground

Aurado Exploration (AEO-T) has signed a deal with a subsidiary of Cominco (CLT-T) to acquire interests in two properties near the San Nicolas massive sulphide discovery in Zacatecas state, Mexico.In o…



Boliden doubles profits in eventful year

While creating a stir in North America with a corporate move to Toronto from Sweden, a public flotation and a successful takeover of Westmin Resources (WMI-T), new-kid-on-the-block Boliden (BOL-T) als…


DIAMOND PAGE — Rupert sizes up South African pipe

The third hole of a delineation drilling program on the past-producing Crown kimberlite pipe in South Africa has intersected more than 467 metres of potentially higher-grade, hypabyssal-phase kimberli…


Greystar cuts more gold at Angostura

Greystar Resources (GSL-V) is continuing an aggressive in-fill drilling program at its wholly owned Angostura Gold Project in northeastern Colombia.The Vancouver-based junior released the first drill …


Dia Met forms Finnish partnership with Ashton Mining

Dia Met Minerals (DMM-T) is expanding its search for kimberlite pipes in Finland by entering into a joint venture with Australia-based Ashton Mining.The two companies feel that the integration of thei…


Claude scoops up Madsen

Saskatchewan’s largest gold producer, Claude Resources (CRJ-T), is acquiring fellow narrow-vein miner Madsen Gold (MGF-T), owner of the reopened Madsen gold mine in Ontario’s Red Lake camp.Claude is a…


Nevsun drilling still outlining reserves

Nevsun Resources (NSU-T) has released the final assay results from 42 holes drilled on its 90%-owned Tabakoto gold project in Mali.The holes are part of the company’s 1997 in-fill drilling program, de…


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