Metallurgical tests at Mt. Kare make the grade
Preliminary flotation tests on samples from the Mt. Kare deposit in Papua New Guinea have produced excellent recoveries, reports Madison Enterprises (MNP-V).The tests, performed on three of nine repre…
1999
Meridian starts up El Pe-on in Chile
Reno, Nev.-based Meridian Gold (MDG-N) has begun mining its El Pe-on gold-silver deposit in northern Chile.The 2,000-tonne-per-day operation, constructed in 10 months, will combine open-pit and underg…
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…
No buyouts at Giant, Pamour
The union locals at the Giant and Pamour gold mines have decided not to pursue employee buyouts of the operations, part of the holdings of failed gold producer Royal Oak Mines.Local 4440 of the United…
DIAMOND PAGE — Ashton bullish on Star, Roundrock
Armed with encouraging results from summer sampling, Ashton Mining of Canada (ACA-T) says further work is warranted on its Star and Roundrock properties in the Northwest Territories.The 7,200-ha Star …
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…
EDITORIAL & OPINION — ODDS ‘N’ SODS — Sandy gold
Shortly after the First World War, a mining engineering student was taken to a copper showing at Indian Reserve 70, south of Lake Abitibi in Quebec, by an Indian guide who had discovered it.”Not too m…
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…
Placer Dome appoints new president
Jay Taylor will take the reigns as president and chief executive officer of Placer Dome (PDG-T) when John Willson steps down at the company’s next annual meeting.There has been speculation that recent…
Gabriel upgrades Rosia Montana property
Denver-based Gabriel Resources (GBU-V) says its 65%-held Rosia Montana gold-silver property in northwestern Romania contains the equivalent of 7 million oz. gold and 37 million oz. silver.The revised …