DIAMONDS — Newcomer picks up Kelsey Lake
London-based Redaurum (rrk-t) has signed an agreement to sell North America’s first diamond mine to McKenzie Bay International (MKBY-O).The company will transfer all the shares of its subsidiary, Diam…
News
No buyouts at Giant, Pamour
The union locals at the Giant and Pamour gold mines have decided not to pursue employee buyouts of the operations, part of the holdings of failed gold producer Royal Oak Mines.Local 4440 of the United…
DIAMONDS — Buffalo finds calling card
A recent sampling program by Buffalo Diamonds (BUFD-C) has unearthed more diamond indicator minerals at the Calling Lake and Vaarlaam properties, 50 km north of Athabasca, Alta.To date, the junior has…
DIAMOND PAGE — Ashton bullish on Star, Roundrock
Armed with encouraging results from summer sampling, Ashton Mining of Canada (ACA-T) says further work is warranted on its Star and Roundrock properties in the Northwest Territories.The 7,200-ha Star …
DIAMONDS — Partners release results
Partners Major General Resources (MGJ-V) and Ascot Resources (AOT-V) have released diamond recovery results from four holes at the Snowy Owl kimberlite pipe on Victoria Island in British Columbia.Acid…
El Callao starts feasibility
El Callao Mining (ECM-V) is one step closer to developing the Lo Increible gold property in southeastern Venezuela, following completion of geostatistical drilling of open-pit reserves.The 19-hole pro…
Goldcorp gives Red Lake mine a facelift
The Red Lake mine, one of Canada’s longest-running gold mines before labour troubles laid it to rest in 1996, is fast approaching its rebirth.Since May, Goldcorp (G-T) has spent $11.6 million rebuildi…
DIAMONDS — Guyanor and Rio Tinto explore Dachine property
Having signed a joint-venture agreement, Guyanor Ressources (GRL.NB-T) and Rio Tinto (RTP-N) are mobilizing equipment to begin exploration of the Dachine diamond property in French Guiana.The program …
EDITORIAL & OPINION — ODDS ‘N’ SODS — Sandy gold
Shortly after the First World War, a mining engineering student was taken to a copper showing at Indian Reserve 70, south of Lake Abitibi in Quebec, by an Indian guide who had discovered it.”Not too m…
DIAMONDS — Black Swan drops Tejucana option
After completing due diligence, Black Swan Gold Mines (BSW-T) has dropped an option to buy the Tejucana operations of a Brazilian company with diamond mining interests along the Jequitinhonha River in…
MINING MARKETS & INVESTMENT NEWS — INVESTMENT COMMENTARY — Yorkton analysts see turnaround at Eldorado Gold
Junior mining companies may be turning into dot.coms by the droves, but those still in the mineral exploration game are being closely watched by Yorkton Securities’ high-profile mining duo of Doug Lei…
Juniors invited to Minnesota
Minnesota is inviting exploration companies to take another look at the state’s mineral potential.The 1999 Minnesota Exploration Conference will be held Oct. 7 and 8 in Tower. It will focus on prospec…