Rapu Rapu advances to feasibility stage
Australian-based Lafayette Mining is proceeding with a preliminary feasibility study at the Rapu Rapu polymetallic project in the Philippines.The company heads up a group that can earn a 75% interest …
News
Abacus expands La Manchuria project
Abacus Minerals (AMC-V) has tabled encouraging reverse-circulation drill results from its La Manchuria gold-silver project in southern Argentina.Drilling has delineated a 450-metre-long system contain…
Thundermin, Queenston tackle Duck Pond
Juniors Thundermin Resources (THR-T) and Queenston Mining (QMI-T) are teaming up to explore the Duck Pond polymetallic property in west-central Newfoundland.Comprising 11,796 ha and situated 30 km sou…
Monopros finds kimberlite outside Kennady Lake
Monopros has discovered a new kimberlite body 12 km northeast of the Kennady Lake cluster of pipes on the AK property in the Northwest Territories.The exploration arm of De Beers Consolidated Mines (D…
Cameco enters deal with Cogema Resources
For $243 million and a pretax gain of about $63 million, Cameco (CCO-T) has sold interests in three uranium projects in northern Saskatchewan to French government-owned Cogema Resources.Cogema acquire…
Companies (May 17, 1999)
Abacus MineralsAber ResourcesAlberta EnergyAmerica Mineral FieldsAnatolia Minerals DevelopmentAnzex ResourcesArgosy MiningAshanti GoldfieldsAshton Mining of CanadaAsia MineralsAthlone Minera…
Minera Andes cuts high grade
Assay results from shallow drilling have confirmed high-grade gold-silver mineralization at the Huevos Verdes prospect in southern Argentina, reports Minera Andes (MAI-A).The first six angle holes enc…
Ashanti posts record quarter
West Africa’s largest gold miner, Ashanti Goldfields (ASL-T), achieved record production in the first quarter, while, at the same time, reducing cash costs to below what they were a year ago.The 402,1…
SUPPLIERS NEWS ROUNDUP — US coal miners reap benefits
Miners in North Dakota are the best-paid in the U.S. coal industry, according to a study by a Spokane, Wash.-based engineering firm.Western Mine Engineering found that miners at the state’s four large…
MINING MARKETS & INVESTMENT NEWS — U.S. MARKETS — Falling gold wipes out gains
The Dow Jones industrial average climbed 140.04 points, or 1.3%, to 11,026.15 during the report period ended May 11.Heavy trading marked the week as the bottom fell out of the gold price after the Bri…
Debt-free Aur persists with exploration — Production gains at Louvicourt, Andacollo
With $88 million in working capital and no debt, Aur Resources (AUR-T) is well-positioned to expand through mergers and property acquisitions, company president James Gill told shareholders at the com…
NAME CHANGE (May 17, 1999)
Athlone Resources (AT-V) has changed its name to Athlone Minerals (ATH-V) on a 1-new-for-1-old-share basis.