Noranda takes over Refimet
Toronto-based major Noranda (NOR-T) has acquired all the shares of Fundicion Refimet that it did not already hold. The shares were acquired from Inversiones Mineras del Pacifico and Barrick Gold (ABX-…
News
Confirmation drilling under way at Kabolela copper project
Melkior Resources (MKR-M), has begun a confirmation drilling program on the Kabolela copper-cobalt deposit in the Democratic Republic of Congo.The Kabolela deposit is situated on the Likasi property, …
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…
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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…
FINANCINGS — New Claymore funds Buffalo Hills exploration
New Claymore Resources (NCS-V) has agreed to a brokered private placement of up to 1 million units at $1.60 each, for gross proceeds of up to $1.6 million.Each unit will consist of one common share an…
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…