Royal Oak secures financing for Kemess
A group of institutions have committed to purchase US$45 million of secured notes from Royal Oak Mines (RYO-T), conditional to satisfactory documentation and completion of due diligence.The funds are …
News
Banro cuts more gold
Banro Resource (BNRS-C) has hit another long gold intersection at its Twangiza gold project in the Democratic Republic of Congo.Hole 3 hit 328 metres (from 126 to 454 metres) grading 1.64 grams gold p…
Minco adds to Chinese projects
Minco Mining & Metals (MMM-V) has signed two co-operation agreements with a large Chinese base-metal producer, Baiyin Non-Ferrous Metals (BNMC), covering a pair of base metal projects in China’s north…
Cominco cans Sa Dena Hes
Plans by Cominco (CLT-T) to reopen the Sa Dena Hes zinc-lead mine in southeastern Yukon have been cancelled following the deterioration of market conditions.Cominco, the operator, has a 25% interest i…
TVI forms Aussie partnership
Australian-listed Spinifex Philippines intends to earn a majority interest in the Rapu Rapu polymetallic property on the Philippine island of Luzon.To earn a 65% stake in the project, Spinifex must sp…
Sutton boosts Bulyanhulu
Estimates for the Bulyanhulu gold deposit in northwestern Tanzania now exceed 6 million oz., representing an increase of more than 500,000 oz. from previous calculations.As part of an ongoing feasibil…
Drill results keep hope alive at South Voisey’s Bay
It isn’t the glittering confirmation of mineral riches that investors has been hoping for — but it isn’t bad.Nickel grades found in the season’s last drill hole at the South Voisey’s Bay project in L…
Old, new mining districts subjects of tour
Historic and current mining operations in Europe and Mexico will be the focus of several tours offered by a British company throughout 1998.Regions scheduled to be visited include:* the Iberian pyrite…
Meetings (December 22, 1997)
Dec. 22, ArkonaDec. 22, AuroginDec. 22, Caesars GoldDec. 22, Canadian SpoonerDec. 22, ClayoquotDec. 22, Goldrush Casino & MiningDec. 22, MarksmenDec. 22, NanecoDec. 22, RewardDec. 22, Royal BayDec. 23…
Auspex, partners to buy into Portuguese play
Auspex Minerals (APJ-V) and partners Redfern Resources (RFR-T), Cumberland Resources (CBD-T) and International Vestor Resources (IVS-V) will acquire up to a 75% interest in the Aljustrel property in P…
Atna sets sites on Temagami
Atna Resources (ATN-T) has signed a joint-venture agreement with Falconbridge (FL-T) to explore claims in the Temagami region of northern Ontario.Atna can earn a 60% interest in Falco’s Temagami prope…
Getchell lays off 100 at namesake mine in Nevada — Low gold prices take toll on mine plan
Dismayed by the low gold price, Getchell Gold (GGO-T) has ceased processing of low-grade ore from stockpiles and issued pink slips to 100 workers at its namesake gold mine in northern Nevada.Meanwhile…