Ontex and Metalore settle legal dispute
One of the longest running legal disputes in recent mining history has come to an end.Ontex Resources (ONT-T) and Metalore Resources (met-t) began their legal battle over the Brookbank property in 198…
News
Ventures seeks opportunity in southwestern Alaska
Having terminated its exploration project in Eritrea, East Africa, Ventures Resources (VRS-V) is focusing all of its efforts on Alaska.The company recently released the first batch of drill results fr…
PEOPLE — VALERIE GOLD (August 25, 1997)
Sean Tetzlaff appointed chief financial officer.
Echo Bay defers mine construction plans
Low gold prices have derailed plans by Echo Bay Mines (ECO-T) to construct two new gold mines — Paredones Amarillos in Mexico and Aquarius in Canada — and develop the Ulu gold project in Canada’s No…
Cominco ponders restarting mine
A buoyant zinc market has induced Cominco (CLT-T) to consider reopening the Sa Dena Hes zinc-lead mine, 45 km north of Watson Lake in southeastern Yukon.The mine was closed in December 1992 as a resul…
Kazakstan kills Gold Pool contract
Things are getting ugly in Kazakstan: Just weeks after cancelling World Wide Minerals’ (WWS-T) contract to manage uranium operations in Stepnogorsk, the Kazakstani government’s State Property Departme…
PEOPLE — PLACER DOME (August 25, 1997)
Dee Parkinson-Marcoux appointed director.
Exploration continues at Stenpad
The exploration program at the Stenpad concession in Ghana is continuing following a technical audit that concluded earlier trench sample assays were “unreliable.”Golden Rule Resources (gnu-t) and Hix…
Inmet posts profit in second quarter
Thanks to higher copper and zinc prices, as well as drops in both cash costs and exploration expenditures, Inmet Mining (IMN-T) was able to post a profit for the second quarter.For the three months en…
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LITERATURE REVIEW — Yuma completes feasibility study — Delays caused by efforts to gain approvals for process water
A bankable feasibility study is in hand for Yuma Copper’s (YUM-V) Tuina copper project, 60 km southeast of Chuquicamata, in northern Chile.Prepared by Bateman Engineering in association with New Baron…
Mispec to launch resource calculation
Drilling by Mispec Resources (MPE-M) at its Jampang gold project in West Java, Indonesia, continues to return impressive results.In the latest program, the company completed 4,000 metres in 28 reverse…