Canyon suspends EIS at McDonald
Weak gold prices have forced Canyon Resources (CAU-X) to slow the permitting process at its McDonald gold project in Montana.The company was spending US$500,000 per month on the environmental impact s…
News
DIAMOND PAGE — Diagem tests property
Determined to find the kimberlite source of alluvial diamonds found on the Chapada property in Brazil’s Mato Grosso state, Diagem International Resource (DGM-V) has begun drilling selected targets.The…
Sirios active near James Bay
Montreal-based Sirios Resources (SOI-M) has kicked off several summer exploration programs in northwestern Quebec.At the Aquilon project, near James Bay in northwestern Quebec, the junior is endeavori…
DIAMOND PAGE — Winspear finances Snap Lake program
Of the $2.5 million budgeted for diamond exploration for the remainder of the year, Winspear Resources (WSP-V) intends to spend $1.5 million in the Snap Lake area of the Camsell Lake property in the N…
Pegasus aims to sell Mt. Todd
Financially troubled Pegasus Gold (PSGQF-O) plans to sell off the Mt. Todd gold mine and seek damages from the engineering contractors involved in the planning and design of the Australian project.The…
MINING MARKETS & INVESTMENT NEWS – EASTERN MARKETS — Golds gain ground in quiet market
The Toronto Stock Exchange 300 index gained 45.21 points during the July 2-7 report period to finish at 7,454.60. While the metals and minerals sub-index fell 1.2% to 3,534.02, the gold and precious m…
SPOT PRICES (July 13, 1998)
Wednesday July 8, 1998Price (US)Week’s ChangeGold*$294.35- $1.40Silver*$ 5.33…
Trillion restructures debt on Ndarama
Kanata, Ont.-based Trillion Resources (TLG-T) has restructured its debt load regarding the purchase of the Ndarama gold mine in Zimbabwe.Trillion has entered into an agreement-in-principle for a US$6….
Amblin intersects deep zone
Drilling by Amblin Resources (AX-A) at the Lyndhurst property, 25 km north of Rouyn-Noranda, Que., has intersected massive sulphide mineralization at a vertical depth of 970 metres.The mineralized zon…
Three killed in copter crash
Three people, including High River Gold Mines director Colin Chapman, were killed July 1 when a helicopter caught fire and crashed in southern Siberia.The other 13 passengers were injured, including H…
OBITUARY — Colin Chapman
High River Gold Mines director Colin Chapman has died. He was 55.Chapman was born in Birmingham, England. He earned a B.Sc. in mineral processing from the Royal School of Mines in London in 1965, havi…
GREATEST VALUE TRADED (July 13, 1998)
ExchgVal($000s)HighLowCloseChangeInco LtdT60192…