HBM&S to close Flin Flon mine
Hudson Bay Mining & Smelting, a subsidiary of Minorco (MNRCY-Q), intends to close down its polymetallic opeations in Flin Flon, Man., by 2004.Suspension of the copper-zinc-silver-gold complex will res…
1998
EXPLORATION 1998 — Greenland aims to attract companies
Eager to attract mining companies to Greenland, the Geological Survey of Denmark and Greenland (GEUS) is using a series of airborne geophysical surveys to promote the island’s mineral potential.The ag…
EXPLORATION 1998 — Reserve boost at Skorpion deposit
London-listed Reunion Mining has reported a 50% increase in tonnage and a 10% increase in the average grade of the Skorpion zinc oxide deposit near Oranjemund, in southwestern Namibia.The company is e…
EXPLORATION 1998 — Sikaman refocuses on Quebec
In keeping with its plan to become a producer, Sikaman Gold Resources (SKG-T) has acquired a 50% interest in two base metal properties near Rouyn-Noranda, Que.The Hebecourt property, which hosts a pro…
EXPLORATION 1998 — Noranda continues drilling in northeastern Ontario
The exploration arm of Noranda (NOR-T) has resumed drilling at the Canagau project in northeastern Ontario to follow-up a hole that hit low-grade zinc-copper-silver mineralization.A minimum of 2,000 m…
EXPLORATION 1998 — Juniors gain CoWs in Indonesia — Government screening process weeds outs potential Bre-X copycats
The CoWs are coming home for junior companies exploring for minerals in Indonesia.After a period of scrutiny meant to weed out potential rogue operators, the Indonesian Ministry of Mines has ratified …
EXPLORATION 1998 — Auspex Minerals sizing up Aljustrel project in Portugal
An on-site mill, related infrastructure and four polymetallic deposits in close proximity, make the Aljustrel project an attractive asset.Vancouver-based junior Auspex Minerals (APJ-V) and its joint-v…
STOCK MARKETS — Metal stocks lift TSE past the 7,000 level — Higher nickel price boosts Inco shares
Fueled by strong performances in the gold and base metal sectors, the Toronto Stock Exchange 300 composite index rose 189.68 points, or 2.7%, to end the report period of Feb. 25 to Mar. 3 at 7,137.93….
EXPLORATION 1998 — Procoloro suspends work in Panama
Weak financial markets and gold prices have prompted Procoloro Resources (PCH-M) to suspend exploration at its properties in Panama. The junior, which is based in Val d’Or, Que., has other projects in…
Nfld. pushes nickel smelter
The Newfoundland government is pressuring Inco (N-T) to build a smelter and refinery to process nickel concentrates from its Voisey’s Bay project in Labrador, now in the permitting phase.”No smelter, …
EXPLORATION 1998 — Maude Lake to acquire stake in Comtois
A signed agreement with Cameco (CCO-T) allows Maude Lake Exploration (Mau-M) to acquire a 50% interest in the 4,222-ha Comtois property, 20 km from Lebel-sur-Quvillon, Que.The Val d’Or-based junior ca…
PEOPLE — DESTONE
Harry Reck and Ronald Paton elected directors.