PRECIOUS METALS — Moss Lake consolidates ground
A deal with Landis Mining (LIS-A) will allow Moss Lake Gold Mines (MOK-T) to resume exploration at its Moss Lake gold deposit, 115 km west of Thunder Bay, Ont.Previous work by Moss Lake, a 60% subsidi…
News
PRECIOUS METALS — High River moving into black
Record production of gold from the New Britannia mine in Snow Lake, Man., has ensured a third profitable quarter for 50%-owner High River Gold (HRG-T).The mine, operated by High River’s joint-venture …
PEOPLE — Sand River
George Cavey appointed president and CEO.
Meetings (May 31, 1999)
May 31, FoundationMay 31, GeomaqueMay 31, Golden TrumpMay 31, Holmer GoldMay 31, NanecoMay 31, Prospector Int’lMay 31, SerenaMay 31, US DiamondJune 1, Ascot EnergyJune 2, DoublestarJune 2, Elk PointJu…
Maracote focuses on Halley property
Junior Maracote International Resources (MCE-V) will begin a second phase of drilling on its Halley gold-silver property in south-central Peru.The 3,000-metre diamond drill program will test for gold …
Rio Tinto to explore gold property
The Bonfim property in the northeastern Brazilian state of Rio Grande do Norte will be explored, following a deal between Rio Tinto (RTP-N) and CDN-listed junior Verena Minerals (VMCO-C).Rio Tinto can…
NAME CHANGE (May 31, 1999)
Columbia Gold Mines (COB-V) has changed its name to Pacific Ridge Exploration (PEX-V) on a 1-new-for-3-old-share basis.
Obuasi strike could dent Ashanti
With annual production capacity of 850,000 oz., Obuasi is Ashanti Goldfields’ (AHD-T) largest gold mine, yet an extended strike at the Ghanaian operation could squeeze second-quarter earnings.”Obuasi …
PRECIOUS METALS — Don Mario gets thumbs-up
The Don Mario gold project in eastern Bolivia will be one of the lowest-cost producers in South America, according to the final feasibility study.Orvana Minerals (ORV-T) reports that the study, conduc…
EDITORIAL & OPINION — GEOLOGY 101 — Porphyry deposits, Pt. 1
Porphyry deposits are the quintessential low-grade, large-tonnage mineral deposit. These formations are called porphyries because they are commonly, but not solely, associated with intrusive igneous r…
China accelerates reforms
Within three years, China intends to dismantle or greatly downsize state-owned mining agencies that are not capable of making the transition to a market economy, government officials told a Canadian m…
NEWS ROUNDUP — Barrick backs Keltic’s efforts in Alaska
Gold giant Barrick Gold (ABX-T) has set its sights on the Goodpaster mining district in Alaska, an exploration hotspot that hosts the Pogo gold deposit, which is being advanced by Teck (TEK-T) and its…