Rex reports discovery in Mauritania
A sampling program by Rex Diamond Mining (RXD-T) has resulted in the discovery of two diamonds found in two samples at the El Hammami lease in northern Mauritania.The samples were taken as part of a s…
1998
LATIN AMERICA — Ballad, Unuk begin drill program in Peru
Drilling has begun on the Las Princesas project of Ballad Enterprises (BDC-V) and Unuk Gold (UNK-V) in northern Peru.Drilling on the Northern zone will consist of 10 holes over 1,200 metres. The miner…
LATIN AMERICA — Patagonia projects come of age — Minera Andes, Yamana among juniors active in Argentine region
Encouraging results released during the South American winter are setting the stage for what could be a pivotal exploration season in the Patagonia Plateau of southern Argentina.Junior companies activ…
LATIN AMERICA — NAME CHANGE
Lone Star Exploration (LSE-V) has changed its name to Masmindo Mining (MME-V) on a 1-new-for-10-old-share basis.
LATIN AMERICA — Greenstone on track with mine commissioning
With mine commissioning under way at the San Andres gold mine in Honduras, Greenstone Resources (GRE-T) has arranged US$13 million in additional financing to ensure a smooth startup and withstand chal…
MINING MARKET & INVESTMENT NEWS — INVESTMENT COMMENTARY — Rubicon’s fundamentals pass muster with analysts
Analysts following junior mining companies are painfully aware that this sector has, of late, been finding little favor with investors. The bear market and low metal prices are inducing analysts to fo…
Sutton seeks funds for Tanzanian gold project
Three inauspicious factors — an 18-year low in the price of gold, the bombing of the U.S. embassy in Tanzania and the ongoing conflict in war-torn Democratic Republic of Congo — contributed to the r…
Claude cuts costs at Seabee
A cost-cutting program has enabled Saskatoon-based Claude Resources (CRJ-T) to report a 25% reduction in operating expenses at the Seabee gold mine in the La Ronge district of northern Saskatchewan.Th…
LATIN AMERICA — Magna solidifies holdings
Junior Consolidated Magna Ventures (CMV-V) has earned a majority interest in the Koala I property in Mexico’s Chihuahua state.The Vancouver-based company now owns a 70% interest in the 990-ha property…
Kimberlite eludes partners
No kimberlite was found during recent diamond drilling on the Kikerk Lake project, 500 km north of Yellowknife, N.W.T.Condor International Resources (COD-V) completed 11 core holes totalling 549 metre…
Record gold production for Normandy
Australia’s largest gold miner broke several production records during its recently completed fiscal year.For the year ended June 30, 1998, Normandy Mining (NDY-T) produced 1.4 million attributable ou…
Fort Knox plans work program for Gunsite project in Alaska
A mapping and sampling program is under way at the Gunsite property, 90 miles north of Anchorage, Alaska, at the northwestern end of the historic Palmer gold mining district.The project was recently a…