Rio Narcea makes discovery
Rio Narcea Gold Mines (RNG-T) reports that ongoing exploration of its large land package in the Austurias region of northern Spain has unearthed gold mineralization believed to have similarities to th…
News
Dynatec to operate Keno Hill mine — Production of silver-lead-zinc to resume by year-end.
Following a successful stint as operator of the Shebandowan nickel mine, Dynatec (DY-T) is taking its talents to the Yukon.Under an agreement with United Keno Hill Mines (UKH-T), Dynatec will take ove…
MINING MARKETS & INVESTMENT NEWS – MERGERS & ACQUISITIONS — Rayrock Yellowknife draws finance arm and Minera into fold
Pursuant to its takeover of an affiliated company, Rayrock Yellowknife Resources (RAY-T) has amalgamated Irish-based subsidiary Rayrock International Finance.Both Rayrock International Finance and Min…
Corona, Teck plan work program
The receipt of necessary permits has enabled Corona Gold (CRG-T) to begin a $2.5-million underground work program at its Thunder Lake West gold deposit, near Dryden in northwestern Ontario.First on th…
CORRECTION (June 08, 1998)
In our June 1-7 issue, we stated that First Dynasty Mines (fdm-t) already owed US$5 million to Ivanhoe Capital Finance when it borrowed another US$4.5 million from that company. The previous loans act…
NEWS IN BRIEF (June 08, 1998)
George Resource (GGP-V) has changed its name to Rocca Resources (RRL-V) on a 1-new-for-10-old-share basis.
Index (June 08, 1998)
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Minorco, Triarx expand in PNG
Resource giant Minorco (MNRC-Q) and junior Triarx Gold (TXTX-C) have expanded their joint gold-copper exploration program in Papua New Guinea.The original joint-venture agreement, announced in July 19…
Greenstone moves into black in first quarter
Greenstone Resources (GRE-T) is continuing its drive towards opening four mines in Central America in just three years. And, having nearly doubled its mining revenues over the past year, the company m…
Ag Armeno takes up option on Batu Hijau
In an agreement with Indonesian industrialist Jusuf Merukh, Ag Armeno Mines & Minerals (AGM-V) has taken an option to buy an 18% interest in the Batu Hijau gold deposit on Sumbawa Island in Indonesia….
Borneo Gold begins drilling at Bunut
Toronto-based Borneo Gold (BNO-V) has begun an initial 5,500-metre diamond drilling program at its Bunut gold project in West Kalimantan, Indonesia.The company holds a 90% interest in a seventh genera…
Yamana expands Lejano discovery
Yamana Resources (YRI-T) reports that new assay results from drilling in Patagonia have extended the area of known mineralization at the Lejano silver-gold prospect, part of Yamana’s Santa Cruz projec…