Champion arranges financing
Champion Resources (CHL-V) will finance a due diligence program on its wholly owned Farim phosphate project in Guinea-Bissau, West Africa, by selling a 3-million-unit, non-brokered private placement t…
News
LATIN AMERICA — Merger proposed for Alamos, Big Sky Res.
The management of Alamos Minerals (AAS-V) and Big Sky Resources (BKY-V) have proposed a merger.The plan of arrangement calls for Alamos to acquire all the outstanding shares of Big Sky, with the latte…
LATIN AMERICA — Drilling disappoints for Metallica
Follow-up drilling by Metallica Resources (MR-T) at its El Morro and La Fortuna projects in central Chile has yielded disappointing results. Thirteen reverse-circulation holes failed to return copper …
LATIN AMERICA — Opawica finds gold anomalies at Cura Este
Toronto-based Opawica Explorations (OPW-T) has discovered a new area of anomalous gold mineralization on its 16,000-ha Cura Este property in Argentina’s Valle del Cura district.The discovery, made dur…
GOLD FUNDS (April 26, 1999)
Gold Funds as of April 15, 1999BGRCentralNet Value$13.595.62Price$9.30$5.
NEWS ROUNDUP — NAR options titanium project
Junior NAR Resources (NRL-M) can acquire a one-third interest in a titanium deposit discovered by privately held Titanium Corp. of Canada in the Shubenacadie River near Truro, N.S.To earn its interest…
MINING MARKETS & INVESTMENT NEWS — U.S. MARKETS — Metal prices send miners soaring
The Dow Jones industrial average edged up 53.54 points, or 0.5%, during the report period ended April 20 to close at 10,448.55, as strong commodity prices lit a fire under resource companies. Miners r…
LATIN AMERICA — CaribGold aims to upgrade resource at Jacinto
Another round of drilling is under way at the Jacinto gold property near Camaguey, Cuba, a joint venture between CaribGold Resources (CG-T) and a state-owned mining company.The work is aimed at expand…
Fertilizer king PCS keeps turning a profit
While not quite matching the previous year’s stellar performance, Potash Corp. of Saskatchewan (pcs-t) still managed to turn a considerable profit in 1998.PCS earned US$261 million (or US$4.82 per sha…
QUERY — Records show Peterson Red Lake remains dormant
My late father was involved in mining most of his life, and after going through some papers I have come across three different mining stocks which I think are now defunct — but before I destroy the c…
Diavik explores Pure Gold North
A ground geophysical survey program is testing up to three high-priority airborne anomalies on the Pure Gold North claims, 55 km east of the Ekati diamond mine in the Northwest Territories.Diavik Diam…
Royal arranges royalty conversion
Royal Gold (RGLD-Q) has converted its 20% net profits interest in Nevada’s South Pipeline deposit into a gross smelter royalty on both that and the main Pipeline deposits.Situated in the state’s centr…