NEWS ROUNDUP — Rift begins African drilling
A 2,000-metre drill program is under way at the Adi Nefas and Doop properties owned by Rift Resources (rif-v) in Eritrea.At Adi Nefas, a volcanogenic massive sulphide deposit, the company is attemptin…
News
NEWS ROUNDUP — South Malartic acquires past producer
South Malartic Exploration (MSU-M) has picked up a gold silver property 50 km northeast of Trois-Rivires, Que.Past exploration on the 765-ha property uncovered an indicated resource of 400,000 tonnes…
Committee to devise exploration guidelines
The Toronto Stock Exchange (TSE) and three national mining groups will forge guidelines related to exploration reporting and best practices, as recommended in a report released earlier this year by th…
NEW HORIZONS — Goldeneye
It seems more like an episode of The Six Million Dollar Man than real life, but doctors have been working on artificial eyes that could one day restore sight to people with certain types of blindness….
Partners revise plans for Gross Rosebel
Sustained low gold prices have forced Golden Star Resources (GSC-T) and Cambior (CBJ-T) to revise development plans for their Gross Rosebel project in Suriname.A scoping study suggests that the open-p…
Rubicon hits sulphides
Rubicon Minerals (RMX-V) has intersected sulphide mineralization at its Palmer base metal project near Haines, Alaska.The discovery was made in a previously unexplored region, about 600 ft.from the Li…
Eldorado buoyed by Kisladag
A porphyry gold deposit in western Turkey’s Usak province is providing Eldorado Gold (ELD-T) with encouraging drill results, including a 247-metre intersection grading 3.23 grams gold per tonne.Drilli…
Toronto Stock Exchange Indices (August 30, 1999)
Date-1999Aug. 24Aug. 23Aug. 20Aug. 19Aug. 18HighLow…
PolyMet chooses process
PolyMet Mining (POM-V) will use pressure oxidation to process ore from the NorthMet polymetallic deposit in northeastern Minnesota.Pressure oxidation was selected over a hybrid process that combines b…
Producer and Dealer Prices (August 30, 1999)
Antimony: Mid-mkt US$1,215/t.Bismuth: Mid-mkt US$3.85/lb.Cadmium: Mid-mkt US$0.20/lb.Chromium: Mid-mkt ores US$65/t.Cobalt: Recent trades US$18.60-20.00/lb.Copper: Comex Sept. US$0.7555/lb.Indium: Ind…
Correction (August 30, 1999)
In our Aug. 16 issue, we incorrectly stated that the Tulawaka property in Tanzania belongs to Tan Range Exploration (TNX-A). In fact, it is a 70-30 joint venture between Pangea Goldfields (PGD-T) and …
Alta shuts down Olinghouse
Pending resolution of bankruptcy proceedings, Alta Gold (ALTAQ-O) has suspended mining at the Olinghouse gold mine, 30 miles east of Reno, Nev.The company hopes to avoid bankruptcy by selling a 40% in…