Drills turn at Hackett River
Drilling is under way at the Hackett River base metal project near Bathurst Inlet, N.W.T., reports Etruscan Resources (EET-T).The 7,500-metre program, scheduled for completion by the end of August, wi…
1998
COMMENTARY — Medicinal silver
One dose of silver oxide may prolong the life of terminally ill patients stricken with acquired immune deficiency syndrome (AIDS), according to a study conducted at a clinic in Central America. The tr…
Meetings (May 18, 1998)
May 19, Caesars GoldMay 19, CampbellMay 19, DenburyMay 19, GoldbeltMay 19, Silver StandardMay 19, SummitMay 20, Athabaska GoldMay 20, Black MountainMay 20, Blue BirdMay 20, Canadian ShieldMay 20, Cork…
World Wide launches Kazakstan lawsuit
As threatened last fall, Toronto-based World Wide Minerals (WWS-T) and Denver-based uranium trader Nuclear Fuel Resources have initiated legal action against the Republic of Kazakstan in the United St…
Despite year-end loss, Cambiex remains active
Cambiex Exploration (CBX-T) incurred a loss in 1997 as a result of the devaluation of one project and the abandonment of several others.On its home turf of Quebec, Cambiex and its affiliate, Cambior (…
NEWS IN BRIEF (May 18, 1998)
Penn-Gold Resources (PNB-V) has changed its name to Moreno Ventures (MRV-V) on a 1-new-for-13-old-share basis.May 18-20 Geological Association of Canada, Mineralogical Association of Canada & Associat…
Oil woes cut into Denison profit — Construction decision imminent for McClean Lake plant
Denison Mines (DEN-T) attributes a drop in first-quarter revenue to a 33% reduction in the price of crude oil produced at the company’s Prinos offshore oil fields in Greece.Compounding the price drop …
Boliden denies wrongdoing however, as owner of the mine, Boliden will honor its responsibilities.” Two independent firms are currently attempting to determine the cause of the dyke’s failure, while environmental studies continue. Crews are transporting the solid wastes to the nearby mined-out Aznalcollar open pit. If this task is completed on schedule, mining activities may be able to resume in six months.
Management of Boliden (BOL-T) told shareholders at the company’s first annual meeting as a Canadian-based miner that the tailings spill at its Los Frailes mine in Spain was not the result of negligenc…
Sahelian Goldfields pours first gold — Rehabilitation of Poura mine well under way
The 160-oz. gold bar poured May 7 at the Poura mine, in west-central Burkina Faso, won’t rock the gold market, but it represents an appropriate milestone on a long road back.For Sahelian Goldfields (S…
Placer drops Cerro Crucitas
Placer Dome (PDG-T) has decided to sell its interest in the Cerro Crucitas gold property in northern Costa Rica, stating that the property does not fit its strategic objectives.Since discovering the C…
SUPPLIERS NEWS ROUNDUP — Scintrex wins Chinese contract
The nucleonics division of Concord, Ont.-based Scintrex has been awarded a contract valued at $3.1 million from Atomic Energy Canada to supply the fail fuel location systems for the Qinshan 1 and 2 po…
SUPPLIERS NEWS ROUNDUP — Dynatec awarded shaft contract
Richmond Hill, Ont.-based Dynatec has been awarded a US$9.5-million contract from North American Salt.The contract covers the sinking of a 1,600-ft., concrete-lined production shaft at Cote Blanche Is…