Holmer, CanAlaska pool resources
Vancouver-based juniors Holmer Gold Mines (HGM-T) and International CanAlaska Resources (ICA-V) are joining forces.Under the proposed merger, the assets of both companies — including exploration prop…
News
FACTS ‘N’ FIGURES — Miners rethink future gold output
World gold production is expected to increase by an average of 1% per year over the next four years, reaching 83.5 million oz. in 2001.This modest projected growth rate is in sharp contrast to that of…
Alberta kimberlites elude Lucero, New Claymore
Lucero Resource (LCR-V) has suspended drilling on the ITS property in north-central Alberta after failing to encounter kimberlite in the first six holes drilled to test five geophysical targets.All th…
OBITUARY — Elaine McCombe
Elaine McCombe, wife of mining engineer Robert McCombe, has died.She is survived by children Ann, Linda, Heather and Roberta, as well as eight grandchildren.
Toronto CIM to set sail
The Toronto branch of the Canadian Institute of Mining, Metallurgy and Petroleum will host its annual boat cruise and Monte Carlo night on August 19.Boarding of The Northern Spirit at the docks at the…
Plata inks joint-venture deal at Hualilan
Buenos Aires-based junior Plata Mining (PMT-A) has signed an agreement with Chilean firm Exploracion y Desarrollo Minero (Explodesa) to form a joint venture for the exploration and development of Plat…
Production of most Canadian metals down
Canadian production of copper, primary nickel and refined zinc rose between March 1997 and March 1998. However, output of commodities such as gold, silver, refined nickel, lead and primary zinc declin…
MINING MARKETS & INVESTMENT NEWS — Promotion called “mini Bre-X”
Former executives of Redell Mining (REDC-V) are in a British Columbia courtroom facing one count of fraud and 19 counts of misrepresentation under the province’s Securities Act relating to the company…
Russian public bitten by the gold bug
For Russians, whose government is desperately propping up the ruble, gold may soon have the same meaning as hard currency.Russian banks plan to boost sales of the yellow metal to members of the public…
SPOT PRICES (July 06, 1998)
Tuesday June 30, 1998Price (US)Week’s ChangeGold*$295.75+ $1.85Silver*$ 5.36…
Minera Andes set to drill Arroyo Verde property
Spokane, Wash.-based Minera Andes (MAI-A) has announced plans to drill the Arroyo Verde gold-silver prospect in eastern Chubut province, Argentina, in late July.Arroyo Verde is a joint venture with Pe…
Intrepid and High River find silver at El Zapote
Partners Intrepid Minerals (IAU-A) and High River Gold Mines (HRG-T) have uncovered silver mineralization at their El Zapote property in western El Salvador.Six trenches dug in the Cerro Colorado III …