Black Hawk keeps head above water
Although Black Hawk Mining (BHK-T) reported a loss of US$300,000 on sales of US$8.7 million for the third quarter, the company posted a profit of US$700,000 for the nine months ended Sept. 30.The quar…
1998
William Resources posts quarterly loss
Lower production translated into a third-quarter loss for William Resources (WIM-T).For the three months ended Sept. 30, the company lost $4.2 million (or 7 cents per share) on revenue of $17.9 millio…
SETTING NEW STANDARDS — Twenty (plus) questions for the TSE/OSC Task Force
Interim report deemed on right track, despite some confusion about role of QP Early next year, the Mining Standards Task Force, established by the Toronto Stock Exchange (TSE) and the Ontario Securiti…
Asia expands Copperstone
Drilling on the Copperstone property in Arizona has extended the high-grade Northwest zone, reports Asia Minerals (AMP-A).The Vancouver-based junior, which has a 25% interest in the project and the op…
DIAMOND PAGE — Kennecott finds more kimberlite in Alberta
The final two targets of this year’s drilling program on the Legend property in northeastern Alberta have proved to be kimberlites, raising to seven the number of bodies found there.Kennecott Canada E…
Atna loses court challenge
The Supreme Court of British Columbia has dismissed a legal challenge by Atna Resources (ATN-T) against the proposed sale of Boliden’s (BOL-T) 60% interest in the Wolverine project to Expatriate Resou…
Minroc aims to revive Cassiar project
With the results of an independent engineering study in hand, Minroc Mines (MN-T) is arranging financing to bring its chrysotile asbestos fibre project into commercial production by the second quarter…
NAME CHANGE (December 07, 1998)
Dobrana Resources (DBR-V) has changed its name to Big Star Energy(BBA-V) on a 1-new-for-5-old-share basis.
Noveder grabs Micmac gold property
A letter-of-intent agreement paves the way for Noveder (NED-M) to earn a full interest in the Micmac gold property in northern Newfoundland.The Quebec-based junior will pay private vendors $25,000 in …
Geomaque gets green light for mine
An independent study on the Vueltas del Rio gold deposit in northwestern Honduras has determined the project’s feasibility at a gold price of US$300 per oz.Reno, Nev.-based Kappes Cassiday & Associate…
MINING MARKETS & INVESTMENT NEWS — Ashanti snaps up Samax, Geita
The Canadian subsidiary of Ashanti Goldfields (AHD-T) has purchased most of the shares of Samax Gold in order to acquire that company’s Geita property in Tanzania.Ashanti nabbed 26.4 million Samax sha…
LETTERS TO THE EDITOR — Miner miffed by Clinton administration
Regarding your editorials “NWMA vs. Babbit” (T.N.M., Sept. 21-27/98) and “Tuning out” (Nov. 2-8/98), I would like to point out the serious and perilous position in which we in the mining industry find…