Xemac extends zone at Lac Barry gold project
A drill program by Xemac Resources (XEM-M) has extended the No. 2 gold zone at the junior’s Lac Barry project near Lebel-sur-Quevillon, Que.One of the holes testing the No. 2 zone returned 89.7 grams …
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PEOPLE — Greenstone Res.
Allen Gordon appointed president, CEO and director. Rudi Fronk appointed chairman.
Meetings (February 22, 1999)
Feb. 22, AmeridexFeb. 22, ChapleauFeb. 22, RankinFeb. 22, SearchgoldFeb. 22, SharpeFeb. 23, BlackrockFeb. 23, Golden GramFeb. 23, RayrockFeb. 24, CimarronFeb. 24, InterprovincialFeb. 24, Rio AmarilloF…
Grayd tallies resource
Junior Grayd Resource (GYD-V) is encouraged by results of a resource calculation for its wholly owned Dry Creek polymetallic property in the Bonnifield mining district of Alaska.The estimate is based …
Refugio shows improvements
The Refugio mine in northern Chile is showing signs of improvement for equal owners Bema Gold (BGO-T) and Kinross Gold (K-T).The open-pit operation, which employs 3-stage crushing combined with heap l…
Pioneer drills at Riou Lake
Drilling is under way at Pioneer Metals’ (PSM-T) Riou Lake uranium project in Saskatchewan’s Athabasca Basin.Six holes totalling 4,000 metres are planned, three of which will test an electromagnetic c…
McWatters cuts production costs
Delayed development at one of its two mines near Val d’Or, Que., translated into lower production for McWatters Mining (MCW-T).Combined, the Kienna and Sigma mines cranked out 169,255 oz. in 1998, com…
NAME CHANGE (February 15, 1999)
General Allied Oil & Gas (ALO-V) has changed its name to Allied Resources (ALO-V) on a 1-new-for-5-old-share basis.
Manhattan passes hurdle at Tambo Grande
Manhattan Minerals (MAN-T) is one step closer to owning the Tambo Grande massive sulphide project in northern Peru.The Vancouver-based gold producer spent the past two years negotiating with the Peruv…
Careers (February 15, 1999)
Exploration ManagerJunior Explorer seeking an Exploration Manager for Central and South American activities. Fluency in Spanish and applicable experience a necessity. Must be prepared to relocate. We …
Crown Res. gains option on Mexican property
Crown Resources (CRRS-Q) has agreed to buy the Magistral del Oro property in Durango state, Mexico, from Real del Monte Mining (RMM-T).Crown can purchase the property by spending US$2.45 million on ex…
Price woes hit nickel industry — Inco, Falconbridge both lose money in ’98
Canada’s two big nickel-copper producers were hit for losses in 1998, as markets for both metals went into tailspins. But Inco (N-T) is sticking to its carrying value for the stalled Voisey’s Bay proj…