Placer settles with Kazakstan
Placer Dome (PDG-T) has settled its dispute with the Kazakstani government regarding the US$35-million refundable deposit the company made in April 1995.The government paid the company US$25 million i…
1997
Amblin drills Wood gold target in Quebec
A drilling program at the Wood gold mine property in Quebec’s Cadillac Twp.is returning gold-bearing intersections for Amblin Resources (AX-A).Amblin can earn a 100% interest in the property from Glob…
South Atlantic drills Nautanen target
Through a 38%-owned subsidiary, South Atlantic Resources (SCQ-V) has begun drill-testing the Nautanen target on the Solberget project in Sweden.The project is 70 km north of the Arctic Circle and 15 k…
Ventures hits high grade — Trenching program returns base metals on Eva property
At its Chicken Mountain prospect in west-central Alaska, Ventures Resource (vrs-v) has intercepted high-grade gold values.Diamond drilling at the project, which forms a portion of the so-called Flat p…
Arian raises funds for Julietta
A recently announced financing of 6.5 million units at 90cents each will provide Arian Resources (ARA.U-T) with funds with which to continue development of its Julietta gold-silver deposit in the Maga…
COMMENTARY — Our day on the Hill
The author is chairman of the Mining Association of Canada. He has written the following at the request of Keep Mining in Canada, an organization formed to increase awareness of the importance of mini…
High River Gold moves to feasibility stage in southern Siberia
Siberia is not the easiest place to build and operate a mine, but Toronto-based High River Gold (HRG-T) is seeking to become a major player in that region’s gold industry.A partner in the Russian comp…
Queenston hits gold
More holes in the Kirkland Lake, Ont., project of Queenston Mining (QMI-T) and Franco-Nevada Mining (FN-T) have intersected gold mineralization along structural extensions of known gold deposits at th…
EDITORIAL — Breaking in a new mines minister — Back to square one
Countless mines ministers, both federal and provincial, have come and gone during the 82-year history of this paper. We’ve had some good ones, some that did a passable job, and others who were plain a…
Teck deals half of Tsacha to Corona
Teck (TEK-T) has signed a deal with Corona Gold (CRG-T) whereby the latter can earn a 50% interest in the 2,100-ha Tsacha gold property in British Columbia.To earn its interest, Corona must spend $500…
Miners abroad advised to expect higher costs
Escalating costs pose a greater threat to the mining industry than do falling metal prices, according to the head of the mining group for Price Waterhouse.In a speech delivered at the accounting firm’…
DIAMOND NEWS ROUNDUP — Messina evaluates Liqhobong
Toronto-based Messina Diamond (msc.u-t) has completed the evaluation of 1,303 carats recovered from its initial bulk sampling of the Satellite pipe at the Liqhobong project in Lesotho, South Africa.Th…