Homestake consolidates Aussie holdings
Homestake Mining (HM-N) has signed a deal with Australian-listed Resolute and its joint-venture partners, Titan Resources and Marymia Exploration, to acquire the 250,900-acre Marymia property for US$8…
News
METAL PRICES (December 28, 1998)
BASE METALS (London Metal Exchange-Midday official cash/3-month prices, US$ per tonne)DateDec. 22Dec. 21Dec. 18Dec. 17…
Work program slated to begin at Brookbank — Corporate transactions end legal dispute that stalled project
Having obtained shareholder and regulatory approval, Ontex Resources (ONT-A) has completed its amalgamation with privately held Faymar Gold Mines and set the stage for ongoing exploration of the Brook…
GREATES VALUE TRADED, Dec. 16-21
ExchgVal($000s)HighLowCloseChangeNoranda Inc.T886…
EDITORIAL — Media ignore pros, exaggerate cons — Cyanide and mining
With its well-kept homes and carefully tended gardens, the little town of Waihi is as pretty as small towns come in New Zealand. It attracts tourists from all over the world, many of whom end up visit…
LETTER TO THE EDITOR — Kriging merely geostatistical ‘gibberish’
Several people have called my attention to articles and letters on geostatistics in recent issues of The Northern Miner and urged me to comment on them.None of the authors of these articles has graspe…
GOLD FUNDS (December 28, 1998)
Gold Funds as of December 17, 1998BGRCentralNet Value$13.766.00Price$9.25…
DIAMOND PAGE — Drills turn at White Silver Mountain
Partners Teck (TEK-T) and Minco Mining & Metals (MMM-T) report that underground drilling has started at the White Silver Mountain polymetallic project in China’s Gansu province.A 200-metre-long crossc…
TSE SHORT POSITIONS (December 28, 1998)
Short positions outstanding at December 15, 1998Larger individual positions include: Abitibi Consolidate 1,378,380, up 79,125; Alcan Aluminium 1,355,391, up 227,351; Asia Pacific Resources 140,600; Ba…
Romios plans drill program at Lundmark Akow Lake property
A 3,000-ft. drill program is scheduled to begin at the Lundmark-Akow Lake gold property in northwestern Ontario.Operator Romios Gold Resources (RGRI-C) reports that its main drill target is a coincide…
The Northern Miner — Small Producers Index (December 28, 1998)
83.88 (+0.37)(Sept. 30/98 = 100)…
Magnesium Alloy raises funds for Kouilou
Toronto-based Magnesium Alloy (MGAC.U-C) has closed a financing deal relating to its magnesium project near the coast of the Republic of Congo.The brokered private placement consisted of 1.7 million u…