PEOPLE — ACE DEVELOPMENTS (February 09, 1998)
Norman Bracht appointed director. John Miller appointed senior advisor to the board.
1998
GOLD FUNDS (February 09, 1998)
Gold Funds as of January 29, 1998BGRCentralNet Value$15.36$6.50Price$12.00…
STOCK MARKETS — Silver rockets to US$7 as gold flounders — Base metal miners rally as nickel continues climb
The Toronto Stock Exchange 300 composite index ended the report period of Jan. 28 to Feb. 3 at 6,773.45, a gain of 51.73 points, or 0.8%, over the week.After dropping to an all-time low (versus the U….
Glimmer dispute remains unresolved
A court ruling has both sides of a mine ownership dispute claiming victory once again.The Glimmer gold mine in northeastern Ontario is held 65.35% by Exall Resources (EXL-T), with the remaining intere…
Asarco resolves issues with EPA
The U.S. Environmental Protection Agency has reached an agreement with Asarco (AR-N) concerning environmental issues at two of the company’s operations.The major has agreed to spend US$61.5 million on…
Mineral economics meeting set for Washington
The seventh annual meeting of the Mineral Economics and Management Society (MEMS) is scheduled for March 25-28 in Washington, D.C.The chairman of this year’s Professional Program and Meeting will be D…
Cameco refinery sets record
For the past eight years, Cameco has operated its uranium refinery in Blind River, Ont., without once experiencing a lost-time accident.In late January, company officials recognized the achievement at…
Murgor drills gold find
Montreal-based Murgor Resources (MUG-M) has entered the first phase of drilling at its Dorset gold property, near Mishubishu Lake in northwestern Ontario.The program is expected to total 1,500 metres,…
GEOLOGY 101 — Carlin-type gold deposits, Part 1
Sediment-hosted disseminated gold deposits consist of fine-grained gold in silty carbonaceous sedimentary rocks. These deposits occur in the Great Basin of the southwestern U.S.Regions in which this s…
Yakutia’s biggest gold company gets axe
The government of Yakutia is chopping up Sakhazoloto, the financial and industrial company that holds the licence to all gold fields in the Russian republic.Sakhazoloto is an amalgamation of Yakutia’s…
GREATEST VALUE TRADED, Jan, 28-Feb. 3
ExchgVol(000’s)HighLowCloseChangeBarrick GoldT417…
DIAMOND PAGE — Study gives Liqhobong project thumps-up
With a positive prefeasibility study in hand, Messina Diamond (MSC.U-T) plans to continue with sampling programs in order to complete a bankable feasibility study for its Liqhobong diamond project in …