Lyon Lake completes merger
Lyon Lake Mines (LLL-V) has won final approval for a business combination with Palmer Resources.The consolidated shares of Lyon Lake began trading on the Montreal and Vancouver stock exchanges Feb. 19…
1999
MINING MARKETS & INVESTMENT NEWS – WESTERN MARKETS — VSE breaks through 300 level; AG zooms on bid
Buoyed by a rise in gold and Homestake Mining’s takeover bid for Argentina Gold, the Vancouver Stock Exchange mining index broke through the 300-level over the report period March 3-9, to close at 311…
EXPLORATION 1999 – MEXICAN ROUNDUP — Cominco, Aurada drill Amapola
Partners Cominco (CLT-T) and Aurado Exploration (AEO-T) have renewed drilling at their Amapola polymetallic project in Zacatecas and San Luis Potosi states.Nine reverse-circulation holes will test thr…
Meetings (March 15, 1999)
March 15, Aldridge March 15, Basm March 15, Black Pearl March 15, Cabo March 15, Jopec March 15, Scandia March 16, Citadel March 16, Kermode March 14-17 Prospectors & Developers Association of Canada …
Producer and Dealer Prices (March 15, 1999)
Antimony: Representative mid-market US$1,390 per tonne (Mar. 9/99).Bismuth: Representative mid-market US$3.25 per lb. (Mar. 9/99).Cadmium: Representative mid-market US$0.28 per lb. (Mar. 9/99).Chromiu…
METAL PRICES (March 15, 1999)
BASE METALS (London Metal Exchange-Midday official cash/3-month prices, US$ per tonne)DateMar. 9Mar. 8Mar. 5Mar. 4…
EXPLORATION 1999 – Chesbar keeps on trucking in Venezuela gold camp
Undaunted by the withdrawal of a potential senior partner and armed with almost $1 million from a recent financing, Chesbar Resources (IND-V) continues to explore its 95-sq.-km property holdings in Ve…
MINING MARKETS & INVESTMENT NEWS – U.S. MARKETS — Dow hits all-time high
The Dow Jones industrial average shot to an all-time high of 9,736.08 points in the middle of the report period ended March 9, only to fall off to finish the week at 9,693.76, up 396.15 points, or 4.3…
Nuinsco resumes drilling — Noranda, Falco pick up ground
The eyes of the junior market are back on Nuinsco Resources (NWI-T) as the company resumes drilling at its Lac Rocher nickel prospect, 100 km northeast of Matagami, Que.Nuinsco has established its cam…
EXPLORATION 1999 — General Minerals drills iron project in Chile
At the Imam iron prospect in central Chile, General Minerals (GNM-T) has begun drilling the first of five holes designed to test a new geological interpretation.The Iman anomaly was first discovered b…
EXPLORATION 1999 — Celtic stakes more Newfoundland ground
Convinced of central Newfoundland’s mineral potential, Celtic Minerals (CME-A) has staked 111 more claims.The Alberta-based junior already owns varying interests in 10 properties in the region. Six of…
EXPLORATION 1999 — Senior producers bulk up with mega-projects — Antamina, Pascua among properties with large-scale promise
The pressure to expand is prompting senior mining companies to seek out huge, low-cost orebodies that will give them a leg up on their competitors.Around the world, Canadian miners are pumping hundred…