EXPLORATION 1998 — MacDonald wraps up takeover
MacDonald Mines Exploration (MMP.A-A) is set to close a deal whereby it will acquire 96% of the outstanding and issued shares of Golden Hill Mining (GHMC-C), its partner in the Golden Hill gold projec…
News
SPOT PRICES (March 09, 1998)
Wednesday, March 4, 1998Price (US)Week’s ChangeGold*$296.00+ $3.70Silver*$ 6.39…
EXPLORATION 1998 — Exploration boosts Aurizon’s gold reserves
Thanks to last year’s exploration efforts at the Beaufor and Sleeping Giant gold mines in northwestern Quebec, junior producer Aurizon Mines (ARZ-T) has been able to raise its share of total gold reso…
EXPLORATION 1998 – NEWS ROUNDUP — Pacific Amber gets Putussibau CoW
Among the Canadian juniors fortunate enough to have had contract-of-work (CoW) applications ratified by the Indonesian government last month was Pacific Amber Resources (PCR-V).The Vancouver-based jun…
EXPLORATION 1998 — Thunderwood, Cons. Abitibi drill for copper-gold in Manitoba
Partners Thunderwood Resources (THS-T) and Consolidated Abitibi Resources (CAQ-M) have intersected high-grade copper and gold mineralization in two separate zones while drilling at the Lew volcanogeni…
Homestake shuts mill stream at Pinson
Homestake Mining (HM-N) and its partner, Barrick Gold (ABX-T), have decided to shut down the mill at the Pinson gold mine in Nevada in favor of processing the remainder of the oxide reserves by heap l…
Prospects improve for W. African titanium
Now that the worst seems to be over in war-torn Sierra Leone, the owners of the Sierra Rutile titanium mine are working on a rebuilding plan.Sierra Rutile (SRL), an equal partnership between Nord Reso…
PRODUCER AND DEALER PRICES (March 09, 1998)
Aluminium: LME settlements US$1,459.5, alloy US$1,281 per tonne (Mar.3/98).Antimony: Representative mid-market US$1,550 per tonne (Mar. 3/98).Bismuth: Representative mid-market US$3.65 per lb. (Mar. 3…
EXPLORATION 1998 — Ecstall exploring Mexican properties
The property hosting the dormant Amaltea silver-lead-zinc mine is one of a dozen Mexican properties currently being evaluated by Ecstall Mining (EAM-V).The junior optioned the land package from a subs…
LME WAREHOUSE LEVELS (March 09, 1998)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at Mar.3/98 (change from Feb. 23 in brackets):MetalStock(tonnes)Change…
EXPLORATION 1998 — Sierra Nevada tests Mexican property
Sierra Nevada Gold (SDD-V) plans to begin drilling on the Republica high-grade silver property in Mexico’s Chihuahua state.The company will target a block of vein material in the Main zone that is tho…
Test results bode well for GeoNova
Metallurgical tests of a 60-kg sample taken from the Discovery deposit of GeoNova Explorations (GNE-M) indicate that potential gold recovery there could reach 97%.The best method of gold extraction, a…