Discovery at Bathurst
Junior Mountain Lake Resources (MOA-V) has discovered lead-zinc mineralization on its Maliseet Mountain property in the Bathurst base metal camp of New Brunswick.Hole 2 intersected 15.9 metres averagi…
News
FACTS ‘N’ FIGURES — Gold output from East to rise in ’98
In 1998, net gold exports from the Commonwealth of Independent States (CIS), China, Vietnam and North Korea could increase by 8.3% to 13 million oz., according to a report by CPM Group of New York, N….
PEOPLE — ELECTRA ENERGY (December 08, 1997)
Paul Watson appointed president and director.
PEOPLE — AMBREX MINING
Patrick Burns appointed president and CEO.
STOCK MARKETS — Takeover talk kick-starts base metals on TSE
Golds still spiralling down in dull market; base metals hit also The Toronto Stock Exchange was a little higher over the trading period Nov.26-Dec. 2, largely on the strength of hefty gains in the pip…
Barrick to vie for massive Russian deposit?
Russia plans to sell its massive Sukhoi Log gold deposit, described as the largest in the world, early in 1998 in a bid to privatize the project.The tendering process is said to be dominated by two co…
Canabrava enlists partner for Ontario diamond hunt
Vancouver-based Paramount Ventures & Finance (PVF-V) and Canabrava Diamond (CNB-V) have formed the KAP joint venture, which has gathered up four northern Ontario properties that are believed to be pro…
Producer and Dealer Prices (December 08, 1997)
Aluminium: LME settlements US$1,564.50, alloy US$1,442 per tonne (Dec.2/97).Antimony: Representative mid-market US$1,625 per tonne (Dec. 2/97).Bismuth: Representative mid-market US$3.35 per lb. (Nov. …
Funds diverted from St. Gen-managed accounts – St. Genevieve, KWG file for protection from creditors
Reykjavik-based junior Icelandic Gold (ICEG-C) has revealed that at least $400,000 has been diverted without authorization from bank accounts administered on its behalf by Montreal-based St. Genevieve…
Essex cuts VMS at Bolivian project
Essex Resource (ESX-T) continues to intersect volcanogenic massive sulphide mineralization at its Miguela project in Bolivia.The company has completed 34 drill holes in a program spanning 6,899 metres…
Dachine yields industrial diamonds
Sampling of alluvial material at the Dachine property in French Guiana by Guyanor Ressources (GRL.B-T) and Golden Star Resources (GSC-T) has yielded more than 5,000 diamonds.From three creeks, the par…
Golden Goose sees mine potential
A prefeasibility study by BLM Bharti Engineering concludes that the Magino gold project, in north-central Ontario, has the potential to be developed into a large-tonnage, open-pit mine.The project, wh…