1998

First Dynasty sells Sembakung

Singapore-based First Dynasty Mines (FDM-T) has severed its ties to Indonesia by selling an 80% interest in the Sembakung oilfields project to Equatorial Energy.Equatorial acquires US$15.5 million of …


Possible kimberlite in northern Alberta

Kennecott Canada Exploration has encountered a rock unit that it believes may be kimberlite while drill-testing the Phoenix geophysical target at the Legend property in northeastern Alberta.An ultrama…


Diagem funds Brazil work

To finance ongoing exploration in southwestern Brazil, Diagem International Resource (DGM-V) has raised $200,000 in a private placement.The company sold 1.1 million units at 18 cents each. A unit cons…


Atapa options Doherty ground

Atapa Minerals (AML-M) has signed a deal with privately held DCM Gold to acquire the Doherty Cooper gold property near Kirkland Lake, Ont.Atapa can acquire a full interest in the eight claims that mak…


Newmont, SW Gold ink Peruvian deal

Newmont Gold (NGC-N) will join Southwestern Gold (SWG-T) in the search for gold deposits in southern Peru.Newmont can earn a half-interest in Southwestern’s Puno project by spending US$1.5 million ove…



Magadan, firms set exploration budgets

The regional government of Magadan in northeastern Russia has budgeted $14 million for the exploration of new gold deposits in 1999.The government intends to spend $11.4 million in the search for hard…




Meetings (October 12, 1998)

Oct. 13, Icelandic Gold Oct. 13, Tullaree Oct. 14, Loubel Oct. 14, Mar-West Oct. 14, United Gunn Oct. 15, Brimstone Oct. 15, Chalice Oct. 15, Kelnick Oct. 15, Pacific Rim Oct. 15, Telford Oct. 15, Wes…


Cumberland drilling expands Third Portage

Interim drill results from the Meadowbank gold project in Canada’s Far North has expanded the eastern, near-surface portion of the Third Portage deposit, a potential open-pit mine.The Meadowbank proje…


Royal Oak plans $81-m writedown

Royal Oak Mines (RYO-T) plans to take a pretax, US$81-million writedown as a result of lacklustre gold prices and restrictions on its ability to hedge gold production.Using a gold price of US$300 per …


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