Western Copper forms alliance with Kennecott
Fresh from its success at the El Salvador massive sulphide project in central Mexico, Western Copper Holdings (WTC-T) is forming a strategic alliance with Kennecott to explore and develop mineral prop…
1998
GMD, LMX trading halted pending VSE investigation
GMD Resources (GMD-V) is under investigation for having made $3 million worth of unsecured, non-arm’s-length loans to two companies without the approval of the Vancouver Stock Exchange.The first loan …
Freeport reports strong quarter
Freeport McMoRan Copper & Gold (FCX-N) reported stronger fourth quarter and year-end results on the strength of higher throughput at the Grasberg copper-gold mine in Irian Jaya, Indonesia.Through its …
Refinancing for Eden Roc
Rothschild Australia has agreed to let a subsidiary of Toronto-based Eden Roc Mineral (EDN-T) refinance an existing US$5-million revolving project loan.Eden Roc was forced to seek the refinancing as a…
EDITORIAL — Uncertainty a quagmire for investors — Reality cheque
The North American mining industry has a longstanding tradition of doing deals on a handshake. This, no doubt, was born of necessity, as lawyers were few and far between in the days of the early gold …
Ndassima program yields gold showing
Toronto-based Asquith Resources (ASGH-C) has unearthed the first primary gold occurrence on the Ndassima property in the Central African Republic (CAR).The showing, referred to as Bacanga-1, is 6 km w…
METAL PRICES — Daily Metal Prices (February 09, 1998)
BASE METALS (London Metal Exchange-Midday bid/ask prices in US$ per tonne)DateFeb. 3Feb. 2Jan. 30Jan. 29Jan.
NFX drills at Cheminis
A hole drilled by NFX Gold (NFXG-C) has returned 0.16 oz. gold per ton over 30 ft., about 2,000 ft. below surface, at the Cheminis property in northern Ontario.The intersection includes a 20-ft. inter…
St Andrew eyes Fenn-Gib
A $1-million exploration program by St Andrew Goldfields (SAS-T) will test extensions of known gold zones at the Fenn-Gib project near Matheson in northern Ontario.The Toronto-based junior recently co…
DIAMOND PAGE — Aber elects not to participate in program at Snap Lake
A decision by Aber Resources (ABZ-T) not to participate in the 1998 field program on the Haywood diamond project at the Camsell Lake property means Winspear Resources (WSP-V) is going it alone and wil…
Stillwater aims to expand in Montana
At a time when many North American mining companies are laying off workers, Stillwater Mining (SWC-X) is looking to add personnel at its namesake mine, 80 miles southwest of Billings, Mont.The move is…
DIAMOND PAGE — Rupert finds diamonds at past-producing mine
Microdiamond analysis by Rupert Resources (RUP-V) at the past-producing Crown diamond mine in South Africa is coming up clover.Analysis of a 185.2-metre core length of hypabyssal kimberlite intersecte…