Juniors close deal
With both companies’ boards signing a final merger agreement, Queenstake Resources (QTR-T) and Santa Cruz Gold (SCG-T) are set to seek shareholder approval for the merger.Under the merger plan, both c…
News
QUERY — Aconic, Lomega both gone
Could you check to see whether the companies on the enclosed certificates, Aconic Mining Corporation and Lomega Explorations Limited, still exist, or whether they are under another company name? Anyth…
PRECIOUS METALS — Lac des les still battling for profits
By the end of June, North American Palladium (PDL-T) expects to complete a program of drilling and metallurgical testwork at Lac des les, Canada’s only primary platinum group metals mine.Once results…
PRECIOUS METALS — Aurizon finds more gold at Casa Berardi
The Casa Berardi property in northwestern Quebec has yielded more gold to owner Aurizon Mines (ARZ-T).Ongoing definition and stepout drilling hit several wide intervals in Zone 113 and west of the Low…
PRECIOUS METALS — Rubicon options property
Vancouver-based Rubicon Minerals (RMX-V) has optioned one of its properties in Ontario’s Red Lake mining district to Royal Roads (RRO-A).According to the deal, Royal Roads can earn a 51% interest in t…
METAL PRICES (May 31, 1999)
BASE METALS (London Metal Exchange-Midday official cash/3-month prices, US$ per tonne)DateMay 25May 24May 21May 20…
LME WHSE LEVELS (May 31, 1999)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at May 25/99 (change from May 18 in brackets):MetalStocks(tonnes)Change…
Engineering work begins at Samira Hill gold project
With a positive feasibility study in hand, Etruscan Resources (EET-T) has initiated site preparation and engineering work at the Samira Hill gold project in Niger, West Africa.A unit of Rand Merchant …
Band-Ore uncovers PGEs
Sampling by Band-Ore Resources (BAN-T) at its recently acquired Nym Lake property has returned respectable platinum and palladium values.Five of six grab samples collected along 200 metres of an intru…
US Congress goes to bat for Crown Jewel
A joint committee of the U.S. House of Representatives and the Senate has overturned a decision by the Departments of the Interior and Agriculture to deny a plan of operations and revoke a record of d…
PRECIOUS METALS — Starfield takes look at Ferguson Lake
Junior Starfield Resources (SRU-A) is preparing to explore its Ferguson Lake platinum-palladium property in the new Canadian territory of Nunavut.Situated 160 km south of Baker Lake, the 23,200-ha pro…
PRECIOUS METALS — Birim continues search for Ghanaian gold
Shallow drilling at the Akrokeri property in Ghana, West Africa, has intersected more near-surface gold mineralization for partners Birim Goldfields (BGI-T) and Australian-based Dominion Mining.The la…