Samax, Semafo team up in Ghana
London-based Samax Gold (SMX-T) will team up with Montreal-based Semafo (SMF-T) to develop the latter’s Ebi-Teleku Bokazo gold property in southwestern Ghana.An agreement-in-principal would see Samax …
1998
Quebec passes Law 182
Bringing to a close two years of review and consultation regarding the provincial mining act, the Quebec national assembly has passed legislation that simplifies the process of acquiring mining rights…
Kazakstan sending mixed signals to mining sector
The Kazakstani government has drafted a bill aimed at simplifying regulations for gold miners, but has scrapped value-added tax (VAT) exemptions for foreign companies operating there.The proposed legi…
NEW HORIZONS — Silver and DNA
Israeli physicists are developing a technique that allows DNA molecules to build electronic circuits, and are using extremely thin silver wires as bridges between the molecules.If the technique is per…
Western Copper advances projects
The latest results from a series of eight infill holes continue to confirm the continuity and grade of the San Nicolas polymetallic deposit in the central Mexican state of Zacatecas.The holes were com…
SPOT PRICES (July 06, 1998)
Tuesday June 30, 1998Price (US)Week’s ChangeGold*$295.75+ $1.85Silver*$ 5.36…
Intrepid and High River find silver at El Zapote
Partners Intrepid Minerals (IAU-A) and High River Gold Mines (HRG-T) have uncovered silver mineralization at their El Zapote property in western El Salvador.Six trenches dug in the Cerro Colorado III …
GOLD FUNDS (July 06, 1998)
Gold Funds as of June 25, 1998BGRCentralNet Value$13.65$5.93Price$10.05$5…
DIAMOND PAGE — Poplar, partner to develop past producer
Poplar Resources (PPX-V) and its partner have been granted a mining permit to begin operations at the Aardvark diamond projectin South Africa’s Orange Free State.The permit, which was granted to Popla…
Aur holds steady despite weak metals market
Earnings of Aur Resources (AUR-T) fell during the first quarter, but the company managed to post a profit despite slumping base metal prices.Aur earned $400,000 (or 1 cents per share) on revenue of $2…
DIAMOND PAGE — Argyle mine expansion under way
The huge Argyle diamond mine in Western Australia is getting bigger.Argyle joint-venture partners Rio Tinto (RTP-N), Ashton Mining and the Western Australia Diamond Trust, have approved the developmen…
Partners resume program
Partners Prospectors Alliance (PALL-C) (with privately held co-venturer Explorers Alliance), Falconbridge (F-T) and the exploration arm of Minorco (MNRC-Q) subsidiary Hudson Bay Mining and Smelting, h…