Coleraine wraps up work
Coleraine Mining Resources (CRI-T) has completed a summer drilling program on the Perron gold prospect at its Normetal property in northwestern Quebec.Nine holes totalling 1,505 metres were drilled, w…
1999
Caribgold options claims
An agreement with Beaufield Consolidated Resources (BFD-V) sets the stage for CaribGold Resources (CG-T) to acquire a 50% interest in 400 claims in the Lac Evans area of northwestern Quebec.The proper…
Great Basin drills Ivanhoe
Armed with $6.3 million in financing, Great Basin Gold (GBG-V) has begun testing its Ivanhoe property in Nevada’s Carlin Trend.The target is bonanza-grade, gold-silver veins similar to those being min…
DIAMONDS — Winspear advances Snap Lake to feasibility
Based on the positive results of an updated scoping study, Winspear Resources (WSP-V) plans to advance the Snap Lake kimberlite dyke project in Canada’s Northwest Territories to a full feasibility stu…
DIAMONDS — Ekati widens gap on NWT competitors — Diavik, Snap Lake vie for runner-up
It was a contest in the early 1990s, but no more. The Ekati mine in the Northwest Territories has emerged as a solid winner in the race to bring Canadian diamonds to the international marketplace. The…
Gitennes buys Newcrest’s Peruvian assets
Gitennes Exploration (GIT-T) has completed its acquisition of a 40% interest in the Rio Blanco copper project and other Peruvian assets from Australian miner Newcrest Mining.The Vancouver-based compan…
DIAMONDS — Nora to boost stake in Namibian venture
A $2-million private placement will enable Nora Exploration (NXI-M) to boost to 60% its interest in the Namibian gemstones concession, the second-largest offshore marine diamond concession in southern…
El Callao starts feasibility
El Callao Mining (ECM-V) is one step closer to developing the Lo Increible gold property in southeastern Venezuela, following completion of geostatistical drilling of open-pit reserves.The 19-hole pro…
Goldcorp gives Red Lake mine a facelift
The Red Lake mine, one of Canada’s longest-running gold mines before labour troubles laid it to rest in 1996, is fast approaching its rebirth.Since May, Goldcorp (G-T) has spent $11.6 million rebuildi…
MINING MARKETS & INVESTMENT NEWS — INVESTMENT COMMENTARY — Yorkton analysts see turnaround at Eldorado Gold
Junior mining companies may be turning into dot.coms by the droves, but those still in the mineral exploration game are being closely watched by Yorkton Securities’ high-profile mining duo of Doug Lei…
Juniors invited to Minnesota
Minnesota is inviting exploration companies to take another look at the state’s mineral potential.The 1999 Minnesota Exploration Conference will be held Oct. 7 and 8 in Tower. It will focus on prospec…
HBM&S speeds up 777 schedule
A $360-million program of capital expenditures will see Hudson Bay Mining & Smelting bring its new 777 Deposit, at Flin Flon, Man., into production by 2004, and maintain mine production at Snow Lake.H…