Birim reports hot hole
Junior Birim Goldfields (BGI-T) is encouraged by the results of the first of eight holes being drilled on the Mampon gold prospect, situated on the Dunkwa property in Ghana.Hole BMD-15 intersected 16….
News
Coeur lands permit for Kensington mine
Coeur d’Alene Mines (CDE-N) has cleared another hurdle in the development of the Kensington gold project with the receipt of an important discharge permit from the U.S. Environmental Protection Agency…
CORRECTION —
In our April 13-19 issue, we reported that Rayrock Yellowknife Resources (RAY-T) had bid to acquire the remaining shares of Minera Rayrock (MRN-T) for US30cents per share, and that Rayrock had sold it…
MINING IN CANADA — Richmont ready for new ventures
With three small but profitable gold mines in operation in Canada, Rouyn-Noranda, Que.-based Richmont Mines (RIC-T) is looking to take on a larger project.”We would like to get our hands on something …
MINING IN CANADA — Rhonda set to drill Esker lead-zinc-silver deposit
Rhonda Mining (RDM-A) will carry out drilling and mapping on the Epworth lead-zinc-silver property, 450 km north of Yellowknife, N.W.T.The program, which is expected to start in June, will consist of …
Moneta to seek new partner for Michaud
A subsidiary of Barrick Gold (ABX-T) has dropped its option to earn a 60% interest in 52 of the 138 claims that comprise the Michaud property, near Timmins, Ont.Lac Exploration has opted to forgo furt…
NEW MINES ROUNDUP — Raglan nickel mine up and running
Falconbridge (FL-T) reports that its Raglan nickel mine on northern Quebec’s Ungava Peninsula is expected to reach its rated capacity of 21,000 tonnes of contained nickel by mid-1998.The $570-million …
NEW MINES ROUNDUP — Plans for Voisey’s Bay slow to a crawl
The government of Newfoundland and management of Inco (N-T) are back at the bargaining table trying to hammer out a deal that would allow development of the company’s Voisey’s Bay nickel-copper-cobalt…
Greenland zinc lures Platinova
Toronto-based Platinova (PAS-T) has been granted the exploration rights to a parcel of land in northwestern Greenland.The property hosts a zinc showing that was outlined by Greenland government geolog…
Insular busy in Mexico
Insular Explorations (ISX-V) has signed a deal with Blackstone Resources (BZZ-A) to earn a 70% interest in that company’s El Diamante gold project in Chihuahua state, Mexico.In order to earn an initia…
Gold price erodes Inter-Rock profits
For Inter-Rock Gold (IRO-T), low gold prices translated into a loss of $1.8 million (or 11cents per share) for 1997.Revenue for the year amounted to $6.3 million, which was entirely derived from the s…
Eskay gold-silver grades keep Prime in the money
British Columbia gold producer Prime Resources Group (PRU-T) has bucked the industry trend and posted a profit for the first quarter.With record production of 164,860 oz. gold-equivalent, Prime earned…