Sahelian picks up Larafella-Balago
A letter-of-intent agreement is paving the way for Sahelian Goldfields (SHGI-C) to acquire the Larafella-Balago gold property in Burkina Faso from Gold Fields of South Africa.The agreement, which is e…
News
TSE INDICES (September 21, 1998)
1998Sept. 15Sept. 14Sept. 11Sept. 10Sept. 9HighLow…
St Andrew finds more gold at Taylor — Stepout drill results confirm project’s potential
Junior St Andrew Goldfields (SAS-T) continues to intersect mineralization at its Taylor gold property near Matheson, Ont.Six holes drilled in the Upper West Porphyry zone returned at least one gold-be…
Meetings (September 21, 1998)
Sept. 21, Bargold Sept. 21, Black Swan Sept. 21, El Bonanza Sept. 21, New Sage Sept. 21, Savannah Sept. 21, True Expl. Sept. 21, War Eagle Sept. 21, Western Amer. Sept. 22, Amarc Sept. 22, American Se…
MOST ACTIVE ISSUES (September 21, 1998)
ExchgVolume(000s)HighLowCloseChangePlacer DomeT14…
WMC advances Meliadine West gold target — Pending drill results, project could go underground
WMC International, a division of Australian-based major Western Mining Corp. (WMC-N), is nearing completion of a drilling program aimed at expanding the Meliadine West gold project in the Northwest Te…
TSE SHORTS (September 21, 1998)
Short positions outstanding at Aug. 31, 1998Larger individual positions include:Abacan Resource 46,500, down 252,800; Abitibi-Consolidated 1,984,832, up 1,140,064; Alcan Aluminium 1,118,635, up 377,84…
Afema pours last gold
With production ceased at its Afema gold mine in Ivory Coast, troubled Eden Roc Mineral (EDN-T) has racked up more losses.For the second quarter ended June 30, the junior posted a loss of $1.7 million…
Geomaque drills in Honduras
Geomaque Explorations (GEO-T) has completed its second phase of drilling at the Vueltas del Rio gold deposit in northwestern Honduras.Consisting of 72 diamond drill holes totalling 5,500 metres, the d…
Troymin options prospect
Subject to regulatory approval, Troymin Resources (TYR-A) has optioned its St. Maurice nickel-cobalt prospect to Ormico Exploration (OMX-M).Situated in the La Tuque area of central Quebec, the 16-clai…
NovaGold buys Shotgun stake
At a cost of US$900,000, NovaGold Resources (NRI-T) has completed the acquisition of a 49% interest in the Shotgun and Sleitat claim groups in southwestern Alaska.The company now expects to complete i…
MINING MARKET & INVESTMENT NEWS — Life after near-death for Bro-X Minerals
Moribund Bro-X Minerals has agreed to merge with MacDonald Oil Exploration (MACO-C), subject to necessary approvals.The merger proposal calls for MacDonald Oil shareholders to receive one share and on…