Index (July 20, 1998)
Book ReviewCareersClassifiedDiamond PageDrillersEditorialFacts’n’FiguresInsider TradingListings & FinancingsMetal PricesMining Markets and Investment NewsObituaryOdds’n’SodsPeopleProfessional Director…
1998
Rio Tinto joins Pangea in Peru
A subsidiary of Pangea Goldfields (PGD-T) has optioned the Huancavelica gold property in central Peru to Rio Tinto (RTP-N).The major can earn a 55% interest in the property by making staged payments a…
Canyon suspends EIS at McDonald
Weak gold prices have forced Canyon Resources (CAU-X) to slow the permitting process at its McDonald gold project in Montana.The company was spending US$500,000 per month on the environmental impact s…
DIAMOND PAGE — Diagem tests property
Determined to find the kimberlite source of alluvial diamonds found on the Chapada property in Brazil’s Mato Grosso state, Diagem International Resource (DGM-V) has begun drilling selected targets.The…
Sirios active near James Bay
Montreal-based Sirios Resources (SOI-M) has kicked off several summer exploration programs in northwestern Quebec.At the Aquilon project, near James Bay in northwestern Quebec, the junior is endeavori…
DIAMOND PAGE — Winspear finances Snap Lake program
Of the $2.5 million budgeted for diamond exploration for the remainder of the year, Winspear Resources (WSP-V) intends to spend $1.5 million in the Snap Lake area of the Camsell Lake property in the N…
Pegasus aims to sell Mt. Todd
Financially troubled Pegasus Gold (PSGQF-O) plans to sell off the Mt. Todd gold mine and seek damages from the engineering contractors involved in the planning and design of the Australian project.The…
Lytton-New Indigo merger plan grinds to halt
The proposed merger of Lytton Minerals (LTL-T) and sister company New Indigo Resources (BDR-A) has been derailed following recent disclosures of the ownership of voting shares.The merger was to have b…
Prime committee retains advisor
The special committee of independent directors of Prime Resources Group (PUG-T), established to consider Homestake Mining’s (HM-N) bid for the 49.4% of Prime it doesn’t already own, has retained the s…
Meetings (July 13, 1998)
July 13, Gold-OreJuly 13, Interstar .July 13, NTI ResourcesJuly 13, StarrexJuly 14, Bralorne-PioneerJuly 14, DonnerJuly 14, FleckJuly 14, ForanJuly 15, NorthwayJuly 15, TapangoJuly 16, AthloneJuly 16,…
Zemex revises Inmet offer
Backed by an unnamed shareholder, Zemex (ZMX-N) has demanded a special meeting of shareholders to consider a revised bid for Inmet Mining (IMN-T).Zemex’s new proposal to Inmet’s shareholders includes …
Virginia begins active summer
As part of a $6-million 1998 exploration campaign, at Virginia Gold Mines (VIA-M) has initiated summer field work at myriad prospects throughout the province of Quebec.In the James Bay region, crews h…