Behre Dolbear strikes deal in Saudi Arabia
In a departure from its usual practice of supplying geological consulting services to North America’s mining industry, Behre Dolbear has entered into a multi-million-dollar contract to provide financi…
1998
LATIN AMERICA — Ourominas adds McLucas to board
Scottish mining financier William (“Willie”) McLucas has been appointed chairman of Toronto-based Ourominas Minerals (OMI0-T), in an attempt to raise exploration financing.McLucas is currently chairma…
STOCK MARKETS – Western markets post gains — Northern Abitibi, Donner trading heats up as drilling nears
The Vancouver Stock Exchange composite index gained 14.83 points, or 2.4%, to close at 626.95 over the report period ended March 31. The mining index also closed on a positive note, adding 5.98 points…
Minera Andes hits high grade in Patagonia
The latest round of drilling has returned high-grade gold and silver values at the El Pluma-Cerro Saavedra project in southern Argentina for Minera Andes (MAI-A).Four of 17 widely scattered holes show…
LATIN AMERICA — Solitario trades Argentine portfolio for stake in TNR
Solitario Resources (SLR-T) has signed a letter of intent with TNR Resources (TNR-V) to transfer ownership of mineral properties in Argentina in return for shares.Having made a non-refundable binding …
LATIN AMERICA — Ulysses hunts for gold at Halley
Improving political circumstances have a way of turning interesting showings into promising exploration projects. As tensions in Peru relax, good geology can once again get itself noticed.Ulysses Inte…
FACTS ‘N’ FIGURES — China rethinks gold stance
The People’s Bank of China (PBC), which has full control over China’s gold policy and regulations, recently announced that the official purchasing price paid by the PBC to mine producers would be redu…
Pioneer Metals pins hopes on Riou Lake
Vancouver-based junior Pioneer Metals (PSM-T) is using results from a recently completed electromagnetic survey on its Riou Lake property in the Athabasca Basin of northern Saskatchewan to pinpoint ar…
LATIN AMERICA — MacMillan outlines gold targets in Peru
A program of geological mapping and geochemical sampling has yielded encouraging results for MacMillan Gold (MMG-T) at the Armonia epithermal gold project near Lima, Peru.The property hosts extensive …
Ursa Major buys stake in Patricia
Best known for its copper and gold projects in Kazakstan, Ursa Major International (URS-T) has come home to acquire a 12.6% stake in Patricia Mines (PAT-V), owner of the Island Gold project situated 5…
Noront, Ateba deal option
An option deal with a private company will facilitate $1 million of exploration on the Fletcher Lake property, in the Lac de Gras area of the Northwest Territories.Joint venture partners Noront Resour…
Nuinsco drills at Lac Rocher (April 06, 1998)
However obsolete prospectors may seem to bureaucrats in several provincial mines departments, those in northwestern Quebec persist in turning up new mineralization to drill.Nuinsco Resources (NWI-T) h…