Diagem funds Brazil work
To finance ongoing exploration in southwestern Brazil, Diagem International Resource (DGM-V) has raised $200,000 in a private placement.The company sold 1.1 million units at 18 cents each. A unit cons…
News
Atapa options Doherty ground
Atapa Minerals (AML-M) has signed a deal with privately held DCM Gold to acquire the Doherty Cooper gold property near Kirkland Lake, Ont.Atapa can acquire a full interest in the eight claims that mak…
Newmont, SW Gold ink Peruvian deal
Newmont Gold (NGC-N) will join Southwestern Gold (SWG-T) in the search for gold deposits in southern Peru.Newmont can earn a half-interest in Southwestern’s Puno project by spending US$1.5 million ove…
Orvana aims to double Pederson resource — Potentially large target attracts attention of BHP
After a hiatus of more than a year, Orvana Minerals (ORV-T) is preparing to resume drilling at the Pederson project in the central Altiplano region of western Bolivia.Reflecting a renewed interest in …
Magadan, firms set exploration budgets
The regional government of Magadan in northeastern Russia has budgeted $14 million for the exploration of new gold deposits in 1999.The government intends to spend $11.4 million in the search for hard…
METAL PRICES (October 12, 1998)
BASE METALS (London Metal Exchange-Midday official cash/3-month prices, US$ per tonne)DateOct. 6Oct. 5Oct. 2Oct. 1…
Companies (October 12, 1998)
Aber ResourcesAdmiral Bay ResourcesAlberta EnergyAnglo AmericanAscot ResourcesAshton Mining of CanadaAtapa MineralsAtna ResourcesBattle Mountain GoldBlack Hawk MiningBolidenBolivar GoldfieldsBreak…
Platexco revises terms of Winnaarshoek deal
With the South African Reserve Bank blocking the proposed acquisition by Platexco (PTX-T) of the Winnaarshoek and Buffelshoek platinum properties, the company is reverting to a modified version of an …
LETTER TO THE EDITOR — The evolution of geostatistics
Jim Whyte’s recent article (“Recent history reveals trends in mine failures”, T.N.M., Sept. 28-Oct. 4/98) was an interesting read, even more so when I came across my name and quotes from a 1991 articl…
De Beers pulls diamonds from Victoria Island
Microdiamond analysis performed on four of the five kimberlites discovered earlier this summer at the Victoria Island project in the Far North has determined that three of bodies are diamondiferous.Mo…
MINING MARKETS & INVESTMENT NEWS — WESTERN MARKETS — Vancouver records gains, Alberta dips slightly — Deals, good results buoy Canadian, foreign juniors
The Vancouver Stock Exchange composite index lost 7.38 points, or 1.85%, over the week ended Oct. 6 to close at 392.61. The mining index managed to tack on 3.36 points, or 1.2%, to round out our tradi…
Meetings (October 12, 1998)
Oct. 13, Icelandic Gold Oct. 13, Tullaree Oct. 14, Loubel Oct. 14, Mar-West Oct. 14, United Gunn Oct. 15, Brimstone Oct. 15, Chalice Oct. 15, Kelnick Oct. 15, Pacific Rim Oct. 15, Telford Oct. 15, Wes…