Barrick options more Queenstake ground
Building on its relationship with Queenstake Resources (QTR-T), Barrick Gold (ABX-T) has acquired options for majority interests inthe junior’s Uchcumachay and South Ancash gold properties in west-cen…
1998
Meetings (June 22, 1998)
June 22, Alaska ApolloJune 22, AlhambraJune 22, AlmadenJune 22, AltavistaJune 22, BisonJune 22, Canadian ArrowJune 22, Christina GoldJune 22, Cons. Gold HawkJune 22, Cons. NevadaJune 22, Currie RoseJu…
Tiomin plans feasibility study
As soon as sufficient financing is in hand, Tiomin Resources (TIO-T) is prepared to launch a full feasibility study at its Kwale titanium mineral sands project on the coast of Kenya.The deposit, situa…
BHP seeks partner for Hope Bay gold project
BHP Minerals Canada, a subsidiary of Australian-based Broken Hill Proprietary (BHP-N), reports it is accepting joint-venture offers to develop the Hope Bay gold property, south of Victoria Island in t…
MINING MARKETS & INVESTMENT NEWS – INVESTMENT COMMENTARY — Gold-weary analysts focus on Platexco
It used to be that only the powerful South African majors had any hope of holding ground in the Bushveld igneous complex of South Africa, the world’s largest repository of platinum group metals (PGMs)…
Dayton chairman responds to shareholder revolt
In a letter to shareholders, Chairman Roland Horst described Dayton Mining (DAY-T) as being “on the right course,” and asked for support against a challenge posed by minority shareholder Manchester Se…
METAL PRICES — Daily Metal Prices (June 15, 1998)
BASE METALS (London Metal Exchange-Midday bid/ask prices in US$ per tonne)DateJune 9June 8June 5June 4June 3…
MINING MARKETS & INVESTMENT NEWS — TSE drops Dakota Mining, welcomes Platexco
Trading in Dakota Mining has been halted on the Toronto Stock Exchange (TSE) as a result of the company’s failure to file its annual financial statements.The Denver-based company has been battling ins…
NEVADA AND THE WESTERN STATES — Diehard Abitibi explorer gets its feet wet in Nevada — Boreal picks up option on property north of Round Mountain
Leaving the swamps and black flies of the Canadian Shield behind, Boreal Exploration (BOR-M) has inked a deal with a private company to take over an advanced gold exploration property in west-central …
FACTS ‘N’ FIGURES — Platinum’s wild ride not over
The erratic pattern of Russian platinum sales is likely to be the chief factor affecting the metal’s price in 1998, according to a report published by London-based metals trader Johnson Matthey.Accord…
Orvana Minerals hits more good grades in Bolivia
Eight holes sunk by Orvana Minerals (ORV-T) as part of its ongoing feasibility study at the Don Mario deposit in Bolivia have turned up strong gold-copper mineralization.Six holes were drilled in the …
Crown Butte shareholders approve New World sale
Already old news, the once-promising New World gold project has taken another step on the road to oblivion.New World owner Crown Butte Resources (CBL-T) reports that its shareholders have approved the…