CORRECTION (March 30, 1998)
In the March 16-22 issue of The Northern Miner, the reserve estimate for the El Sauzal gold project of Francisco Gold (FGX-V) should have read 47 million tonnes averaging 3.22 grams gold per tonne.
1998
International Curator closes financing
International Curator Resources (IC-T) has closed a private placement of 3 million shares at 84 per share, for gross proceeds of $2.5 million.The net proceeds will be used to fund the ongoing feasibi…
Boreal explores Nevada gold property
Quebec-based Boreal Exploration (BOR-M) has signed an agreement with a private company to acquire the Gold Hill gold property in northern Nye Cty., Nev.The 1,200-ha property was the site of small-scal…
SUPPLIERS NEWS ROUNDUP — Scintrex buys Auslog
Geophysical instrument firm Scintrex has entered into a definitive agreement to acquire Australian-based Auslog, a leading manufacturer of borehole geophysical instruments.The transaction is expected …
Tulsequah Chief gets green light
Redfern Resources (RFR-T) has been given the go-ahead to reopen the Tulsequah Chief mine in northwestern B.C.The government of British Columbia officially approved the mine proposal on March 20 in Vic…
FACTS ‘N’ FIGURES — Use of photographic silver rises
The use of silver by the photographic industry increased nearly 3% to 232.7 million oz. worldwide in 1997.The increased use of silver by the industry in 1997 evolved primarily from increased demand fo…
Geophysics adds potential to Potter project
An ongoing geophysical program at the Potter base metal property in Munro Twp., 80 km east of Timmins, Ont., has provided numerous drill targets for owner Millstream Mines (MLSM-C).Induced polarizatio…
DIAMOND PAGE — Messina boosts grade of Star mine — New fissure found at Messina mine project
Messina Diamond (MSC.U-T) has found an extension to a high-grade portion of its Star mine, situated 50 km south of Welkom, South Africa.Sampling of 674 tonnes of material taken from the vicinity of th…
New dating technique may revise geologic scale — Age test developed by U of T researchers expected to have practical applications
A new technique used to determine the age of sedimentary rocks could refine the geological time scale and provide new insight into global sea-level variations, according to a recent study.A team of re…
NEW HORIZONS — America’s ex-smokers
Deep in the dark privacy of the ocean floor, a group of smokers puff away proudly; what they exhale is a far cry from second-hand smoke.”Black smokers,” or massive chimney-like structures that vent ho…
PRODUCER AND DEALER PRICES (March 30, 1998)
Aluminium: LME settlements US$1,432, alloy US$1,275 per tonne (Mar. 24/98).Antimony: Representative mid-market US$1,600 per tonne (Mar. 24/98).Bismuth: Representative mid-market US$4.05 per lb. (Mar. …
Noble Peak set to search for South African gems
Junior Noble Peak Resources (NPK-A) is preparing to start a program of infill drilling and bulk sampling in early April on a set of South African properties optioned from Mountain Lake Resources (MOA-…