Foran funds drilling in Saskatchewan
To fund further drilling of its McIlvenna Bay polymetallic property in Saskatchewan, Foran Mining (FOM-V) intends to raise $1.7 million through a private placement.The junior will issue 2.8 million un…
News
Cross Lake options zinc-silver property
Vancouver-based Cross Lake Minerals (CRN-V) has acquired an option on a zinc-silver property, 50 km northeast of Chase, B.C.Cross Lake can earn a 100% interest in the Ladybug property by paying $90,00…
Companies (December 21, 1998)
Aber ResourcesAlberta EnergyArgentina GoldAshton Mining of CanadaBarrick GoldBattle Mountain GoldBeaufield Consolidated ResourcesBreakwater ResourcesBroken Hill ProprietaryCanaco ResourcesCanadian Gol…
Chesbar resumes drilling at La Salle concession
Junior Chesbar Resources (CBI-M) has resumed diamond drilling at its gold property in southeastern Venezuela.The effort is designed to test a faulted extension of the Main zone gold mineralization, wh…
Canaco confirms Colchester mineralization
Junior Canaco Resources (CSE-M) has wrapped up a successful exploration program at the wholly owned Colchester property near Springdale, Nfld.The Colchester property contains several known copper-gold…
Russia struggles with mine funding proposals
Proposals to restructure government financing deals for Russian gold producers in 1999 are meeting with resistance from other state agencies and miners themselves.Gokhran, a branch of the ministry of …
Freeport cuts costs to pay down year-end debt
Freeport-McMoRan Copper & Gold (FCX-N) is tightening its belt to weather low copper and gold prices.The New Orleans-based major says it will lower operating costs, and capital and exploration expendit…
Skyline to extend Snip on to Bronson Slope
Junior International Skyline Gold (SK-V) and Homestake Canada, a wholly owned subsidiary of San Francisco-based Homestake Mining (HM-N), have inked a deal on the exploration and possible mining of a p…
Nico deposit focus of preliminary exam
An independent scoping study on the Nico polymetallic deposit in the Northwest Territories is offering some holiday cheer to majority owner Fortune Minerals (FT-T).Situated in the Mazenod Lake distric…
CORRECTION (December 21, 1998)
In our Nov. 30 issue, we incorrectly stated that startup of the Diavik diamond project in the Northwest Territories was set for the second quarter of 2001. Startup is scheduled for the second quarter …
EDITORIAL & OPINION — GEOLOGY 101 — Zinc-copper VMS deposits, Part 1
There are two main sub-types of copper-zinc volcanogenic massive sulphide (VMS) deposits: those that occur in Archean-Proterozoic greenstone belts (the Noranda-type) and those that formed in ocean env…
EDITORIAL & OPINION — Tailings management critical for miners — Being prepared
Each time a mainstream journalist rounds up the usual suspects and prepares a report on mining practices worldwide, tailings dam failures are invariably stressed. Even though the articles generally sh…