Argentina Gold follows up on Filo Federico
Argentina Gold (ARP-V) has posted impressive drill results from the Veladero project, situated in the northwestern portion of the country from which the company draws its name.The junior recently coll…
News
ODDS ‘N’ SODS — Alaskan town a boost to Canadian mines
The story of Hyder, Alaska, has no doubt been told many times, but for such a small, isolated village, it is a wonder that tales could be told of it at all.Hyder is at the head of the Portland Canal, …
Meetings (February 02, 1998)
Feb. 2, ProbeFeb. 3, Int’l TikaFeb. 3, Vencan GoldFeb. 5, Yukon SpiritFeb. 9, Canadian OverseasFeb. 9, WilanourFeb. 10, Cotton ValleyFeb. 11, AndersonFeb. 11, Blackwater GoldFeb. 11, East IndiesFeb. 1…
DIAMOND PAGE — TNK prospect catches eye of De Beers
Management of TNK Resources (TNKR-C) is heartened that its exploration projects in Botswana have come to the attention of the world’s largest diamond producer.The company has signed three joint-ventur…
DIAMOND PAGE — Mineral rights snag plagues SouthernEra
A group of heirs of the original owners of the minerals rights for part of the Klipspringer diamond project in South Africa has begun a legal battle with SouthernEra Resources (SUF-T) and Randgold ove…
MOST ACTIVE ISSUES, Jan. 21-27
ExchgVolume(000’s)CloseBarrick GoldT1103329.10Placer DomeT…
SPOT PRICES (February 02, 1998)
Wednesday, January 28, 1998Price (US)Week’s ChangeGold*$298.25+ $6.35Silver*$ 6.02…
Chesbar buys into Intrepid’s projects
Chesbar Resources (CBI-M) is joining forces with Intrepid Minerals (IAU-A) to explore and develop silver and gold properties in Guatemala.Chesbar has paid US$200,000 for a 25% interest in Intrepid’s G…
Breakwater nixes Bolivian zinc deal
Breakwater Resources (BWR-TWR-T) is scrapping its plans to buy a controlling interest in Bolivian zinc producer Minera.The company attributes the decision to delays caused by Minera’s failure to restr…
Homestake ceases underground mining — ‘Substantial loss’ at mine prompts company to get house in order
For only the second time in its 122-year history, the Homestake gold mine near Lead, S.D., has ceased production from underground.Homestake Mining (HM-N) stated, however, that after a dramatic restruc…
STOCK MARKETS — Gold majors post gains as bullion rises — Base metal producers also enjoy a better week
Led by the surprising performance of the golds, the Toronto Stock Exchange 300 composite index ended the report period of Jan. 14-20 at 6509.45, a recovery of 179.86, or 2.8%, over its level of Jan. 1…
AFRICA — East Africa Gold expands Tanzanian holdings
Perth, Australia-based East Africa Gold (EAG-V) has increased its holdings in the Lake Victoria Goldfields region of northwestern Tanzania.EAG has acquired a 23-sq.-km prospecting licence at South Mwa…