News


Tex-Sol hits gold in Timmins camp

Drilling by United Tex-Sol Mines (UTX.A-A) has identified additional mineralization at the Clavos property near Timmins, Ont.Drilling in hole 99, 30 metres north of the D horizon, intersected a quartz…



Mineral Resources revs up Cassiar asbestos plant

After a 6-year production hiatus, the Cassiar asbestos project in British Columbia is ready to begin producing chrysotile fibres once again.Operator Mineral Resources (MIC-T), which holds a 100% inter…


Lew drill holes return mixed results

Two follow-up drill holes by Thunderwood Resources (THS-T) and Consolidated Abitibi Resources (CAQ-M) at their Lew polymetallic property in the Flin Flon-Snow Lake volcanic belt in Manitoba have retur…


Companies (June 01, 1998)

Akrokeri-Ashanti Gold MinesAmerica Mineral FieldsAnatolia Minerals DevelopmentAsarcoAtna ResourcesAustralian Kimberley DiamondsBarrick GoldBig I DevelopmentsBolidenBrimstone GoldCaledonia MiningCameco…


Dakota’s Alaskan unit seeks creditor protection

Crumbling under a large debt load, Dakota Mining (DKT-T) operating subsidiary USMX of Alaska has filed for bankruptcy protection.After a 90-day interim financing facility provided by NM Rothschild & S…



Orezone expands Intiedougou

In hopes of replicating the success of its exploration of the Intiedougou gold property in Burkina Faso, Orezone Resources (ORZ-M) has optioned a 500-sq.-km parcel of land immediately to the south.Ore…


Grayd ready to drill in Alaska

Grayd Resource (GYD-V) has arranged a non-brokered private placement of 1.03 million units at $1.50 each, for proceeds of $1.5 million.Each unit will consist of one common share and one-half of a non-…


GEOLOGY 101 — Diamond deposits, Pt. 1

.BDerek WiltonDiamond, which is pure carbon, is the hardest substance known, yet diamonds can be broken relatively easily. Paradoxically, graphite, one of the softest minerals, is a polymorph of diamo…


Akrokeri-Ashanti pulls ore from Esaase mine

By strategically shifting its 1997 production to the Jeni property in Ghana from the adjoining Esaase property, Akrokeri-Ashanti Gold Mines (AAGM-C) has managed to alleviate the effects of low gold pr…


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