Anomaly found near Kipushi
Zamgold, a wholly owned subsidiary of America Mineral Fields (AMZ-T), has discovered a significant copper anomaly in southern Zambia.The discovery is generating interest because it is only 2 km from t…
News
DIAMOND PAGE — Lexam seeks kimberlites in Greenland
Junior Lexam Explorations (LEX-M) has begun drilling 10 targets to test for kimberlite pipes on the western coast of Greenland.Half of the targets are on Lexam’s own property; the other half are on gr…
LME WAREHOUSE LEVELS (February 16, 1998)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at Feb.10/98 (change from Feb. 3 in brackets):MetalStock(tonnes)Change…
Radisson launches program at Lac Gignac property
Eager to uncover deposits of both gold and base metals, junior Radisson Mining Resources (RDS-M) has launched a drill campaign on its Lac Gignac property in northern Quebec’s Massicotte Twp.The 4,672-…
Minera Andes begins drilling at El Pluma-Cerro Saavedra
The first phase of drilling at the El Pluma-Cerro Saavedra gold-silver property in Argentina is underway for Minera Andes (MAI-A).The company plans to complete up to 20 holes, totalling2,000 metres, f…
DIAMOND PAGE — Ashton begins $10-million field program at Buffalo Hills
A winter exploration program is now underway on the Buffalo Hills diamond project in north-central Alberta.Operator Ashton Mining of Canada (ACA-T) and joint-venture partners Alberta Energy (AEC-T) an…
Western Copper forms alliance with Kennecott
Fresh from its success at the El Salvador massive sulphide project in central Mexico, Western Copper Holdings (WTC-T) is forming a strategic alliance with Kennecott to explore and develop mineral prop…
GMD, LMX trading halted pending VSE investigation
GMD Resources (GMD-V) is under investigation for having made $3 million worth of unsecured, non-arm’s-length loans to two companies without the approval of the Vancouver Stock Exchange.The first loan …
Newmont sails into black following profitable quarter — Sets record for highest gold output in U.S.
Despite a significant drop in the price of gold, Newmont Mining (NEM-N) and Newmont Gold (NGC-N) made money in the fourth quarter, and for 1997 as a whole.Newmont Mining earned US$38.6 million (or 25c…
Freeport reports strong quarter
Freeport McMoRan Copper & Gold (FCX-N) reported stronger fourth quarter and year-end results on the strength of higher throughput at the Grasberg copper-gold mine in Irian Jaya, Indonesia.Through its …
Inco retrenches after fourth-quarter setback — Cost-cutting leads to closures in Sudbury
A fourth-quarter loss and greatly reduced profits have caused Inco (N-T) to step up the pace of its restructuring program.The giant nickel miner reported a loss of US$4 million for the last three mont…
Refinancing for Eden Roc
Rothschild Australia has agreed to let a subsidiary of Toronto-based Eden Roc Mineral (EDN-T) refinance an existing US$5-million revolving project loan.Eden Roc was forced to seek the refinancing as a…