Platinova reports discovery
Toronto-based Platinova (PAS-T) has discovered what it calls an extensive zone of zinc-lead-silver mineralization on the Washington Land property in northwestern Greenland.Surface grab samples have re…
News
ODDS ‘N’ SODS — The magnificent Kootenays
The Kootenay district of south-central British Columbia is blessed with magnificent mountains, rivers, lakes and scenic valleys. At its centre is 407-sq.-km Kootenay Lake, into which the Kootenay Rive…
Grayd, Inmet Mining drill prospects at Glacier Creek
Diamond drilling is under way on the Glacier Creek polymetallic property, 100 km south of Fairbanks, Alaska.The property is one of six that make up the 100-sq.-km Bonnifield joint venture, in which In…
Lyon Lake aborts Beta Vargas mine
Citing the weak gold market, Lyon Lake Mines (LLL-M) has suspended mining at its Beta Vargas open pit in Costa Rica, though heap-leaching is continuing.Despite this setback, Lyon Lake says it plans to…
America Mineral Fields deals for Russian diamond properties
America Mineral Fields (AMZ-T) has picked up interests in two diamond licences in northern Russia.AMF can obtain, from a Russian-based company, a 40% interest in each of the licences, which are under …
OBITUARY — William George Wahl
William George “Gus” Wahl, a prominent member of Canada’s exploration industry and who discovered numerous mineral deposits throughout the world, has died. He was 80.Born on June 16, 1918, in Crosby, …
Meridian gives green light to El Penon
On the heels of a new discovery at the El Penon project in northern Chile, Meridian Gold (MDG-N) has decided to proceed with development of a combined open-pit/underground mine.The Reno, Nev.-based co…
DIAMOND PAGE — Archangel seeks to resolve dispute at Verkhotina project — Funding for Russian project suspended pending compliance of local joint-venture partner
Archangel Diamond (AAD-V) says it will take its dispute with its Russian partner to an international arbitrator if a resolution is not reached soon.The Vancouver-based company is seeking to have the e…
MINING MARKETS & INVESTMENT NEWS – INSIDER TRADING — Aur, Dia Met and Eldorado insiders sell shares
According to the Ontario Securities Commission Bulletin, the following insider trades occurred in May and June:* Aur Resources (AUR-T) — Leo Thibodeau, director, sold 19,000 shares at $3.50-3.55 to h…
MOST ACTIVE ISSUES, July 8-14
ExchgVol(000s)HighLowCloseChangeMeridian GoldT689…
METAL PRICES — Daily Metal Prices (July 20, 1998)
BASE METALS (London Metal Exchange-Midday official cash/3-month prices in US$ per tonne)DateJuly 14July 13July 10July…
MINING MARKETS & INVESTMENT NEWS – EASTERN MARKETS — Base metal majors’ shares slump as Antamina deal closes
The Toronto Stock Exchange experienced a broad trading range during the July 8-14 report period, with the TSE 300 composite index easing off 1% to 7,387.06 points. The metals-and-minerals sub-index su…