Teuton and Minvita acquire Mexican ground
Sister companies Teuton Resources (TUO-V) and Minvita Enterprises (MVE-V) have staked concessions covering 119,000 ha in Mexico’s Zacatecas state.The staking was prompted by the recent massive sulphid…
1998
Millstream cuts copper and zinc
Toronto-based junior Millstream Mines (MLSM-C) has intersected several copper-zinc sulphide zones 100 metres below the lowest producing level at its Potter property in Munro Twp., 80 km east of Timmin…
DIAMOND PAGE — Drilling to begin at Tandem’s ruby-diamond project
An 11,000-ft. diamond-drilling program is set to begin at Tandem Resources’ (TDM-T) unusual ruby-diamond discovery in Guibord Twp., situated east of Matheson, Ont.On the G-1 discovery pipe, a 20-ton s…
Mindoro eyes Myanmar
Junior Mindoro Resources (MIO-A) is carrying out grassroots exploration on its Concession 11 project in Myanmar.The Calgary-based junior recently initiated a program of geochemical sampling and geolog…
DIAMOND PAGE — America Mineral Fields plans work in Angola
America Mineral Fields (AMZ-T) is planning to begin a sampling and trial mining program this year at the Cuango prospecting lease in Angola, believed to be prospective for large, high-quality diamonds…
Prospex adds to African portfolio
Prospex Mining (PRM-V) had added a smattering of early-stage exploration projects to its growing West African portfolio.With the addition of the four new properties — Nimini West, Samalofila, Kindia …
INVESTMENT COMMENTARY — Gold Mining: Value Found Among The Ruins
A newly released study by Canaccord Capital has found value among the ruins of the gold mining industry, even though the firm believes that this beleaguered sector may be in for further weakness in th…
Sampling planned for ATW property
A prominent indicator mineral anomaly is the focus of new work being done on the ATW Mackay Lake diamond property in the Lac de Gras region of the Northwest Territories.Kennecott Canada, a division of…
Eastmain acquires BHP’s prospects
Eastmain Resources (ER-T) is acquiring BHP Minerals International’s interests in a portfolio of gold and base metal exploration projects in Eastern Canada.In return, BHP will receive a 3% net smelter …
STOCK MARKETS — Western markets slip as composite, mining lose footing — Few juniors able to weather foul investor mood
The Vancouver Stock Exchange composite index dropped 38.16 points, or 6.2%, to close at 579.20 over the report period ended Jan. 13. The mining index also took a beating, falling 40.29 points, or 7.9%…
Phelps Dodge makes nickel-cobalt discovery in Madagascar
In its first foray into the nickel business, Phelps Dodge (PD-N) has discovered a potentially significant nickel laterite deposit in central Madagascar.Over the last two years, the Phoenix-based coppe…
PRODUCER AND DEALER PRICES (January 19, 1998)
Aluminium: LME settlements US$1,459.50, alloy US$1,315 per tonne (Jan.13/98).Antimony: Representative mid-market US$1,685 per tonne (Jan. 13/98).Bismuth: Representative mid-market US$3.25 per lb. (Jan…