NEW MINES ROUNDUP — Green light for uranium mines
The Cigar Lake uranium project in northern Saskatchewan’s Athabasca Basin — a joint-venture held 48.7% by Cameco (CCO-T) and 36.4% by French-owned Cogema Resources — has received conditional approva…
News
PEOPLE — Diamond Fields Int’l (May 04, 1998)
Trevor Schultz and Kevin Dardis appointed directors.
OBITUARY — Murray Pezim
Murray Pezim, a Vancouver-based stock promoter best known for his role in the discovery of the Hemlo gold camp in Ontario and the Eskay Creek gold mine in British Columbia, has died. He was 77.Born in…
Falco, Inco rivals in New Caledonia — Metallurgical technologies key to unlocking nickel potential
Not to be outdone by rival nickel producer Inco (N-T), which is advancing an enormous nickel-cobalt resource at the Goro property in New Caledonia, Falconbridge (FL-T) has agreed to participate in the…
Orleans ships first wollastonite
Montreal-based Orleans Resources (OLS-T) has made its first commercial shipment of wollastonite concentrate from its new processing plant in Quebec’s St. Onge Twp., near Lac St.-Jean.The Montreal-base…
MINING IN CANADA — Kennecott cuts kimberlite at WO claim block in NWT
Kennecott is benefitting from its drilling efforts in the Lac de Gras region of the Northwest Territories.A program focused on the WO block has intersected an 82-metre-thick interval of volcaniclastic…
MINING IN CANADA — Cream exploring near Kaslo
A work program by Cream Minerals (CMA-V) is testing the Kaslo silver project in the Slocan mining district of southeastern British Columbia.The $660,000 program is aimed at testing the Cork South silv…
MINING IN CANADA — Development work places New Britannia back on track
First-quarter gold production at the New Britannia mine, situated 128 km east of Flin Flon, Man., has surpassed expectations by 7%. Moreover, cash costs continued to decline and underground drilling i…
MINING IN CANADA — Foran forges ahead in Flin Flon belt
With a land package worthy of a major, Vancouver-based Foran Mining (FOM-V) is scouring the Flin Flon, Man., area in search of volcanogenic massive sulphides.The company has amassed what could be the …
MINING MARKETS AND INVESTMENT NEWS — GMD, La Teko among juniors engaged in financings
The following Vancouver-based juniors recently reported financings for their work programs.* GMD Resources (GMD-V) has reached an agreement with several subscribers for a private placement of 1.7 mill…
FINANCING (May 04, 1998)
McBroom Resources — Offering Price & Description: $* — 1,000,000 Common Shs (Upon the Exercise of 1,000,000 previously issued Special Wts).Vengold — Offering Price & Description: $41,175,000 – 22,5…
Juniors plan drilling on nickel prospect in Yukon
Glenhaven Resources (GNN-A) and Blackstone Resources (BZZ-V) are firming up plans to drill at the Taiga nickel-zinc property, situated 120 km northeast of Dawson City, Y.T.The companies expect to mobi…