Anzex hits zones of platinum, palladium
Results from the first three holes of a 12-hole drill program operated by Anzex Resources (AZX-V) confirm that the Longwoods complex in New Zealand is a platinum-palladium-bearing layered mafic intrus…
News
Companies (November 09, 1998)
American CopperAnglogoldAntares Mining & ExplorationAnzex ResourcesAranlee ResourcesArgentina GoldArizona Star ResourceAscot ResourcesBalaclava MinesBarrick GoldBattle Mountain GoldBema GoldBlack Hawk…
High-grade resources at Mose
A resource estimate on the Mose copper-gold porphyry, part of the Shotgun property of NovaGold Resources (NRI-T) and Cominco (CLT-T), shows an inferred resource of 32.8 million tonnes grading 0.9 gram…
Placer Dome bucks trend by posting strong earnings — Cortez, Granny Smith mines among most impressive performers
Sustained cost reduction, higher gold production and strong hedging revenues resulted in a strong third quarter for Placer Dome (PDG-T).Net earnings for the three months ended Sept. 30 were US$33 mill…
MINING MARKETS & INVESTMENT NEWS — NEWS ROUNDUP — MSV sells royalty for $30 million
Montreal-based MSV Resources (MSV-T) has closed the sale of a royalty interest on future production at its Copper Rand 5000 and Corner Bay copper-gold projects in Quebec’s Chibougamau camp.A private i…
THE NORTHERN MINER — SMALL PRODUCERS INDEX (November 09, 1998)
91.23 (-7.41)(Sept 30/98 = 100)…
EDITORIAL & OPINION — GEOLOGY 101 — MVT lead-zinc deposits, Part 2
Mississippi Valley-type (MVT) deposits are important producers of zinc and lead, with zinc production being dominant. Some deposits, such as that of Newfoundland Zinc Mines, have contained negligible …
Noranda maintains strong balance sheet — Major’s restructuring program to focus on mining, metals
Like its competitors, Noranda (NOR-T) experienced drops in third-quarter earnings and revenue as a result of low metal prices.In the three months ended Sept. 30, the company earned $22 million (or 7 c…
Summo confirms grades at Johnson
Junior Summo Minerals (SMA-T) reports that exploration drilling at the dormant Johnson Camp mine in Arizona has confirmed the thickness and grade of the Copper Chief deposit.Results from eight infill …
Elkhorn gets boost
Treminco Resources (TMO-T) has received an updated resource estimate for the Elkhorn gold project in Montana.The Canadian subsidiary of Mineral Resource Development Inc. (MRDI), a division of H.A. Sim…
MINING MARKETS & INVESTMENT NEWS — NEWS ROUNDUP — BHP, Golden Star exces come and go
After a global search, Broken Hill Proprietary has appointed Paul Anderson managing director and chief executive officer. A management shakeup at the Australian-based resource conglomereate had been e…
Monopros pulls diamonds from Victoria Island
The Snowy Owl kimberlite at the Victoria Island project in the Northwest Territories has yielded 75 diamonds from an 80-kg sample.The preliminary diamond count was reported verbally to partners Major …