Pegasus crash-lands under debt load
Pegasus Gold (PGU-X) has lost its fight against the dwindling gold price and filed for bankruptcy protection after unsuccessful appeals for clemency to its major creditors.The company had been in nego…
News
Anvil Range shuts Faro again — Company granted protection from creditors
Financially troubled Anvil Range Mining (ARO-T) has been granted court protection from its creditors by the Ontario Court (General Division).The company will be protected, until Feb. 16, under the Com…
AFRICA — Rex Diamond explores in Mauritania
Rex Diamond (RXD-T) has launched an exploration program aimed at finding diamond-bearing kimberlites in the desert of northern Mauritania.The diamond-producing company recently announced the discovery…
Rio options Green Bay
Rio Algom (ROM-T) can earn a 60% interest in the Green Bay base metal poperty, held by Major General Resources (MGJ-V) in northwestern Newfoundland.To do so, Rio must spend $3 million on exploration a…
Mar-West, Curion place gold project on fast track
Mar-West Resources (MSR-V) and partner Curion Ventures (CUV-V) are proceeding with a $2-million work program aimed at advancing the Sinter Dome hot springs gold deposit in central Honduras to the feas…
Partners persevere at Lew
Thunderwood Resources (THS-T) and partner Consolidated Abitibi Resources (CAQ-M) have begun a new program of drilling at the Lew volcanogenic massive sulphide property, 20 km east of Flin Flon, Man.Tw…
AFRICA — Raymor Resources tests gold projects in Mali
The success of the Sadiola Hill gold mine in Mali has prompted other Canadian juniors to take a serious look at the gold potential of the West African nation.Among those companies is Raymor Resources …
GREATEST VALUE TRADED, Jan. 14-20
ExchgVal($000s)HighLowCloseChangeBarrick GoldT264…
Caption ‘inaccurate’
The caption accompanying the front-page photograph on your Jan. 12-18 issue is inaccurate at best, and downright vindictive at worst.If John Felderhof was unaware of the salting scam at Busang, the wo…
EDITORIAL — Pathways ’98 celebrates Klondike gold rush — Vancouver goes global
The gold rush to the Yukon, the famous “Trail of ’98,” was instrumental in opening up the North to modern development. One hundred years later, the British Columbia and Yukon Chamber of Mines and the …
DIAMOND PAGE — Ashton sizes up K14 Alberta kimberlites
Ashton Mining of Canada (ACA-T) is encouraged by further results from bulk sampling on the K14 kimberlite complex and preliminary results from the K6 kimberlite at the Buffalo Hills project in north-c…
Commission urges probe of Noril’sk sale
A government commission in Russia has called for a halt to the privatization the Noril’sk Mining and Metallurgical Kombinat.The commission has recommended that the recent sale of the government’s rema…