Drilling activity paying off in Timmins
The opening weeks of 1999 have seen a series of discoveries in the Timmins and Matheson areas of northeastern Ontario.Drilling by Pentland Firth Ventures (PFO-T) at the Ludgate property in Michaud Twp…
News
Lac Rocher intersection excites market — Nuinsco cuts 10.8% nickel in drill hole
A 3.2-metre drill intersection grading 10.8% nickel has sparked a lively land play in the Lac Evans area, about 120 km northeast of Matagami, Que. Nuinsco Resources (NWI-T) reported on Jan. 20 that a …
MOST ACTIVE ISSUES (February 01, 1999)
ExchgVol(000s)HighLowCloseChangeNuinsco ResT15953…
Franco-Nevada buys VBN shares, grabs 9.6% of Aber
Having gained a seat at the table with an earlier purchase, Franco-Nevada Mining (FN-T) has cleared more elbow room for itself by buying additional Inco (n-t) Voisey’s Bay Nickel shares.With the purch…
AFRICA — De Beers ensures Botswana’s place atop rough diamond sector
The Orapa mine in Botswana is in the midst of a US$400-million expansion project aimed at boosting annual production to 12 million carats. Consequently, the mine life will be halved to 30 from 60 year…
Searchgold finds it in Gabon
Drilling by Searchgold Resources (RSG-M) has increased the resource at its Bakoudou gold deposit in southeastern Gabon.Prior to Searchgold’s program, which ended in October 1998, the deposit was drill…
Canadian Mining Hall of Fame celebrates eclectic roster
Nine members were recently inducted into the Canadian Mining Hall of Fame — including, for the first time, first nation members — at a gala dinner and awards ceremony at Toronto’s Royal York Hotel.M…
AFRICA — Nora explores for Namibian diamonds
Among the ranks of Canada’s diamond producers, one company often overlooked is Montreal-based Nora Exploration (NXI-M), which is mining the rich beach deposits found along the coast of Namibia in sout…
NAME CHANGE (February 01, 1999)
Consolidated Trilogy Ventures (CTJ-V) has changed its name to Thyssen Mining Exploration (TME-V).
GOLD FUNDS (February 01, 1999)
Gold Funds as of January 21, 1999BGRCentralNet Value$14.015.90Price$9.25$…
PRODUCER & DEALER PRIVCES
Aluminium: LME settlements US$1,225.50, alloy US$1,021 per tonne (Jan. 26/99).Antimony: Representative mid-market US$1,260 per tonne (Jan. 26/99).Bismuth: Representative mid-market US$3.05 per lb. (Ja…
EDITORIAL & OPINION – COMMENTARY — Zinc price tied to Asian recovery
The West has yet to feel the impact of the Asian economic crisis upon zinc demand. However, falls in capacity utilization rates and increasing stock levels (normal signals of a contraction in industry…