BHP finds more pipes
Drilling on the Buffer zone claims in the Northwest Territories has uncovered two more kimberlite pipes, boosting to 28 the number found to date. Five targets have yet to be tested.The Buffer zone cla…
1999
Ekati reaches production milestone
Production from the Ekati diamond mine in the Northwest Territories has surpassed 1 million carats.Also, in March, the mine produced 236,598 carats — not far off the monthly target of 250,000 carats….
Barrick sees ‘new era of growth,’ discovery adds lustre to Pascua
An intersection of 280 metres grading nearly 5 grams gold per tonne — starting at surface and not far from a major new mine — would send the shares of any junior company soaring through the roof, ev…
Careers (May 10, 1999)
JS REDPATH CORPORATIONA full-service mine contracting company operation from Phoenix, Arizona, is currently seeking personnel to staff a major underground contract mine development opportunity in West…
Kennecott tests Vega kimberlite discovery
Kennecott Canada Exploration has completed two holes on the new Vega kimberlite discovery at the Ice claims in the Northwest Territories.The vertically drilled discovery hole intersected a 44.8-metre-…
Battle Mountain drills to boost Phoenix
Houston, Tex.-based Battle Mountain Gold (BMG-N) has launched a major drilling campaign at its namesake complex in northern Nevada in preparation for a draft environmental impact statement.The program…
MINING MARKETS & INVESTMENT NEWS — U.S. MARKETS — Dow cracks 11,000, recedes
The Dow Jones industrial average broke through the 11,000 level one month after surpassing 10,000, but could not hold its position. It ended the April 26-May 4 report period up 54.4 points, or 0.5%, a…
Meetings (May 10, 1999)
May 10, CamfloMay 10, Cdn. NaturalMay 10, Lucky StrikeMay 10, Vista GoldMay 11, AbsolutMay 11, ArcaMay 11, Curran BayMay 11, GenesisMay 11, Gulf CanadaMay 11, Inter-RockMay 11, LoricaMay 11, Marchmont…
Eldorado cuts costs, boosts production
Higher production at its Sao Bento mine in Brazil combined with the devaluation of that country’s currency has enabled Eldorado Gold (ELD-T) to improve its overall operating performance.The company pr…
Sunshine advances Pirquitas project
Sunshine Mining & Refining (SSC-N) has received a bankable feasibility study for the Pirquitas silver-tin project in northwestern Argentina.The study concludes that the operation is capable of produci…
River hits bonanza grades
Underground drilling at the Eagle River gold mine, near Wawa, Ont., has returned spectacular results for River Gold Mines (RIV-T).Eleven holes drilled to test mineralization below the No. 6 zone inter…
Teck to raise gold-mining profile
Although Teck (TEK-T) has been a gold miner for 85 years, its diversification into copper, zinc, niobium and coal, has prompted recent concerns with analysts that the company is not realizing the full…