St Andrew starts program in Timmins camp
A $5-million exploration program by St Andrew Goldfields (SAS-T) is under way at the Taylor property in the Timmins gold camp of northern Ontario.The company says 60% of the funds allocated for the 19…
News
Kinross sees cost reductions ahead
With gold prices still mired around US$300 per oz., speculation is growing that some companies will not be able to survive a prolonged period of depressed prices. Kinross Gold (K-T), fully aware that …
IG shelves Bakyrchik project
Continued weakness in gold prices has forced Indochina Goldfields (ING-T) to cancel development plans for its Bakyrchik gold project in Kazakstan.The company will nonetheless proceed with operating pl…
Kennecott joins JNR Resources in Saskatchewan
Kennecott will earn a 65% interest in up to eight uranium concessions held by JNR Resources (JNN-V) in the Athabasca Basin of northern Saskatchewan.To do so, Kennecott must spend $1.5 million on explo…
Holloway below expectations
The current slump in gold prices is taking its toll on Teddy Bear Valley Mines (TBY-T), the 15.35% owner of the Holloway gold mine in northeastern Ontario.Operated by Battle Mountain Canada (BMC-T), w…
LME WAREHOUSE LEVELS (February 02, 1998)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at Jan.27/98 (change from Jan. 20 in brackets):MetalStock(tonnes)Change…
Quest Int’l to explore Djibouti
Quest International Resources (QIX-T) and its private partner, Seven Stars Minerals, have signed an agreement with Djibouti for the exploration of mineral resources in this small East African nation.S…
Drilling continues at Vueltas del Rio
Infill drilling at one of the two main zones of the Vueltas del Rio gold project in northwestern Honduras continues to intersect impressive mineralization for property owner Geomaque Explorations (GEO…
Eskay Creek replaces reserves — More ounces than at mine’s 1995 startup
An aggressive surface and in-mine exploration program at Prime Resources Group’s (PRU-T) Eskay Creek gold-silver mine in northern British Columbia has surpassed its objective of replacing all the rese…
Two miners die in rockfall
Two miners died in a recent rockfall at the Quinsam coal mine, 22 km north of Campbell River, B.C.Hillsborough Resources (HLB-T) reports that three miners were trapped when the tunnel in which they we…
Mispec outlines resource at Jampang
Operator Mispec Resources (MPE-M) has calculated a resource for three closely spaced zones on its Jampang gold property in West Java, Indonesia.The combined resource for the Lipi, Pasir Keusik and Put…
Noranda deal
ignites takeover talkNoranda (NOR-T) has agreed to sell its interest in Norcen Energy Resources Group to U.S.-based Union Pacific Resources Group for $1.8 billion in cash.Noranda owns 92.6 million sha…