La Manchuria assays lower than anticipated
Assay results from the last five holes drilled on the Manchuria gold-silver property in Argentina did not match results from hole LM-2, Abacus Minerals (AMC-V) has reported.Hole LM-3 intersected 24.1 …
News
ODDS ‘N’ SODS — Remembering Harry Warren
As an ex-student of Dr. Harry Warren, I read his recent obituary in The Northern Miner with nostalgic memories of my old mineralogy professor and mentor. This man probably had more influence on the co…
Great Basin seeks funds for Nevada properties
Great Basin Gold (GBG-V) has arranged a $5-million financing with First Marathon Securities and Nesbitt Burns.The money will be raised through the sale of 2.5 million special warrants priced at $2 per…
METAL PRICES -Daily Metal Prices
BASE METALS (London Metal Exchange-Midday bid/ask prices in US$ per tonne)DateMay 12May 11May 8May 7May 6…
Madison raises $10 million for Papua New Guinea exploration
Madison Enterprises (MNP-V) has arranged a bought-deal private placement with Yorkton Securities to generate gross proceeds of $10 million.The investment dealer has agreed to purchase just under 5.3 m…
MINING MARKETS AND INVESTMENT NEWS — Treminco raises funds for Elkhorn
Among the juniors raising funds for work programs is Aur Resources (AUR-T), which has privately placed $250,000 with Patricia Mines (PAT-V).Patricia will use the money to explore its Island Gold proje…
QUERY — Scintilore toughs it out in court
I was wondering if you have any information on a company called Scintilore Explorations. I was wondering what kind of projects the company is involved with, and where it is currently exploring.Toronto…
New zone at Callinan mine spells good news for HBM&S
A new zone has boosted resources at the Callinan polymetallic mine of Hudson Bay Mining & Smelting (HBM&S), near Flin Flon, Man., the company has reported.Total resources at the new zone, dubbed the T…
Canada co-operates with Chile
Canada and Chile have agreed to work together on efforts aimed at the sustainable development of minerals and metals. A memorandum of understanding on the issue is expected to be signed by the two cou…
EDITORIAL — ME advocates “competent person” rule — Making the most of milestones
Several anniversaries relevant to the mining industry — some more pleasant than others — came and went during the first week of May.The first anniversary of the unmasking of Bre-X Minerals’ fool’s g…
MINING MARKETS AND INVESTMENT NEWS — INSIDER TRADING — Caisse sells large Sherritt holding
Recent insider trading reports released by the Ontario Securities Commission show that Quebec-based investment fund Caisse de Dpot et Placement du Qubec sold a significant block of shares in nickel …
GOLD FUNDS (May 18, 1998)
Gold Funds as of May 7, 1998BGRCentralNet Value$15.79$6.18Price$12.25$5.8…