1998


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…


Sorting facility planned for Yellowknife

Dia Met Minerals (DMM-T) and BHP Diamonds have announced plans to construct a diamond sorting and valuation facility at the Yellowknife airport in the Northwest Territories.The facility will be used f…


Southern Cross boosts U resource

Southern Cross Resources (SXR) has increased resources at its Goulds Dam-Billeroo uranium property in Australia.Based on 504 holes drilled between 1969 and 1980, not all of which had been used in prev…


Virginia drilling at LG-Sud

Quebec City-based Virginia Gold Mines (VIA-M) is set to begin a new drill program on the Grande Sud property in the James Bay region of Quebec.Attention is focused on two zones of mineralization, name…


Camnor acquires Alaskan properties

Vancouver-based Camnor Resources (CMB-V) has signed a letter of intent to acquire polymetallic mineral properties in Alaska’s Bonnifield district from Golden Phoenix Minerals (GPXM-Q).The deal commits…



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…



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…




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