Meetings (January 12, 1998)
Jan. 12, El-BonanzaJan. 12, Int’l StarJan. 12, Rembrandt GoldJan. 13, Latitude MineralsJan. 13, Oro BlancoJan. 13, ParkcrestJan. 13, PinewoodJan. 14, ArmisticeJan. 15, Bravo GoldJan. 15, Fort Knox Gol…
News
CORRECTION (January 12, 1998)
CanAlaska Resources (ICA-V) will purchase 10 claims (125 units) in Michie Twp., near Timmins, Ont. from Royal Oak Mines (RYO-T) in return for $125,000 by Jan. 15, 1998. Royal Oak will retain a 2% net …
KWG and St. Gen resume trading
The shares of disgraced companies St. Genevive Resources (SGY-T) and affiliate KWG Resources (KWG-T) are now trading as penny stocks after their move onto the Canadian Dealing Network, using the symbo…
Echo Bay mothballs Lupin gold mine — McCoy/Cove operations scaled back
The pressure to lower operating costs to keep pace with the falling price of gold has become too much for Echo Bay Mines (ECO-T), which has announced the closing of one mine and the scaling back of op…
LME WAREHOUSE LEVELS (January 12, 1998)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at Jan.6/98 (change from Dec. 24/97 in brackets):MetalStock(tonnes)Change…
Scoping study says Golden Star needs more ounces
Through a scoping study prepared by independent consultants, Golden Star Resources (GSC-T) has determined that the Andorinhas gold project in Brazil could not support a 1,000 tonne-per-day underground…
GEOLOGY 101 — Paleoplacer gold deposits, Pt. 1
Paleoplacer deposits consist of placer concentrations of minerals in which the host material is a consolidated rock (sediment comprising weathered detritus that was subsequently cemented together). Th…
Cordilleran Roundup set for B.C.
A conference focusing on all aspects of Canadian and international exploration will be held from Jan. 27-30 at various sites throughout Vancouver, B.C.Entitled “Pathways’98: Cordilleran Roundup and Ex…
LETTER TO THE EDITOR — Resource reporting should be clarified from the top
This is the time of year when executives and boards present their annual reports to shareholders. This year’s reports will be the first drafted since the Bre-X Minerals bubble burst.How will companies…
Greenstone launches second program at Hemco
Impressed by results from a first phase of exploration on its Hemco gold concession in northeast Nicaragua, Greenstone Resources (GRE-t) plans to begin second phase shortly.The exploration program, wh…
GREATEST VALUE TRADED, Dec. 31-Jan. 6
ExchgVal($000s)HighLowCloseChangeInco LtdT98218…
Cobre advised to reject Phelps Dodge
Financial advisors to Cobre Mining have recommended that the takeover bid by Phelps Dodge (PD-N) be rejected.A special committee of Cobre board members has rejected the bid on the financial advice of …