Meridian expands discovery
Stepout drilling at the El Penon gold-silver project in northern Chile has more than doubled the strike length of the Quebrada Colorado gold-silver zone.Owner Meridian Gold (MNG-T) recently received r…
News
Cumberland proves up Nunavut projects
While many of its peers are chasing mineral deposits in Africa, Latin America and Southeast Asia, Cumberland Resources (CBD-T) has chosen to concentrate its exploration efforts in Canada’s Far North. …
EDITORIAL & OPINION — ODDS ‘N’ SODS — Win some, lose some
In 1919, I left my job as an Ontario mines inspector to work for the Longyear Company in Minneapolis, Minn., on its shaft contracts.My family came from Ontario with me, but, because I was often on the…
Rio clarifies deal with Anatolia
I wish to clarify your description of the terms of our agreement with Anatolia Minerals Development, as described in a recent issue (“Rio Algom teams with Anatolia in Turkey,” T.N.M., Sept. 7-13/98).I…
EDITORIAL & OPINION — FACTS ‘N’ FIGURES — Gold gains some lustre in Asia
The Asian economic crisis has continued to have an adverse effect on gold demand in those markets, with the exception of Vietnam. However, gold consumption turned positive in the second quarter as dem…
MINING MARKETS & INVESTMENT NEWS — Correction
Sulliden Exploration (SUE-M) manages its own exploration programs at its Las Huaquillas polymetallic property and no longer employs independent firm Kilborn Engineering Pacific. As well, hole 97-4 ret…
MINING MARKETS & INVESTMENT NEWS — Porcher Island seeks consolidation
At the annual meeting of Porcher Island Gold (PIG-V), shareholders approved a change in the name of the company to Tetra Metals.The meeting was adjourned for one month until Sept. 30 to allow register…
DIAMOND PAGE — Kimberlite from WO yields diamonds
An 82-metre-thick interval of volcaniclastic, mud-rich, indicator-bearing kimberlite, encountered near the previously tested DO-29 body on the WO claim block near Lac de Gras in the Northwest Territor…
LETTERS TO THE EDITOR — National QP standards a must
I couldn’t agree more with Ben Ainsworth’s letter (T.N.M., Aug. 31-Sept. 6/98) advocating a national standard for those of us who might be classified as “Qualified Persons.” The current state of affai…
Banro seeks $1 billion for seized land — Suit aims to protect shareholders’ interests
In the midst of an insurgency aimed at ousting President Laurent Kabila of the Democratic Republic of Congo, Banro Resources (BNRS-C) has launched a $1-billion lawsuit against the government following…
SOPT PRICES
Wednesday September 9, 1998Price (US)Week’S ChangeGold*$284.15+$4.15Silver*$ 4.85…
Alaska, Echo Bay drum up aid for Russian flood victims
Echo Bay Mines has joined the people of Alaska in donating relief supplies to help flood victims in eastern Russia.The Denver-based company, which has worked in Alaska for more than a decade and has i…