Index (October 25, 1999)
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News
Twin Gold finds diamonds in Ungava
Toronto-based Twin Gold (TWG-T) has discovered diamonds in samples from a dyke in the Torngat Mountains, east of Ungava Bay in northwestern Quebec.Five samples, totalling 212.2 kg, contained 112 diamo…
Sable follows float train
Junior explorer Sable Resources (SAE-V) has identified a new gold-bearing vein on its Chappelle property in the Toodoggone area of north-central British Columbia.The Beck vein is 5 ft. wide and has be…
MINING MARKETS & INVESTMENT NEWS — EASTERN MARKETS — Gold drops, nickel leadsrally in base metals
The Oct. 13-19 report period saw a third week of declines in the gold price, with the yellow metal diving US$10.75 to US$309.75 per oz. on the London morning fix of Oct. 20.Though gold’s weakness took…
Wheaton River soars to new heights in latest quarter
Wheaton River Minerals (WRM-T) has returned to profitability following a sluggish start at the beginning of the year.For the nine months ended Sept. 30, the junior miner earned a record $8.4 million (…
Geomaque on track at Honduran mine
Junior Geomaque Exploration (GEO-T) has financed development of the Vueltas del Rio project in Honduras.The company recently raised $4.6 million in a rights offering consisting of 7.6 million units pr…
Greystar tallies resource
With another 44 holes sunk, Greystar Resources (GSL-T) is recalculating the resource figure for its Angostura gold-silver project in northeastern Colombia.The Vancouver-based junior has now drilled 18…
Bulyanhulu plan unveiled
Barrick Gold (ABX-T) has developed a new mine plan for its Bulyanhulu gold project in the Lake Victoria goldfields region of northwestern Tanzania.Over the first 15 years of operations, Bulyanhulu is …
Gold Reserve revises plan for Brisas mine
Drilling by Gold Reserve (GLDR-T) has increased proven and probable reserves at the Brisas gold-copper deposit in southeastern Venezuela.As a result of the 13-hole, 5,700-metre program, the reserve fi…
Viceroy ups mine stake
Under a deal with Echo Bay Mines (ECH-T), junior Viceroy Resource (VOY-T) has acquired the remaining 60% of the Paredones Amarillos gold project it did not already own. In return, the junior has relin…
Companies (October 25, 1999)
Aber ResourcesAnglo AmericanAnglogoldApex Silver MinesAsarcoAshanti GoldfieldsAyrex ResourcesBarrick GoldBlack Hawk MiningCaledonian Pacific MineralsCambiorCerro DoradoColumbia MetalsCyprus Amax Miner…
ODDS ‘N’ SODS: Mastering metallurgy
A great deal has been written about mining exploration and operations, but little about the metallurgy of deposits. The silent partner at mines is often the metallurgist, whose business has sometimes …