Court clears Glimmer Res. sale
Under a Canadian court action, the sale of Glimmer Resources (GME-V) may proceed.The General Division of the Ontario Court ruled that the right of first refusal in the Glimmer mine joint-Venture agree…
Articles by Northern Miner Staff
NEWS IN BRIEF (August 04, 1997)
Mountain View Ventures (MVI-V) has changed its name to Blackrun Ventures (BKV-V) on a 1-New-for-4-old-share basis.
STOCK MARKETS — Junior plays help western markets recover from slump — Winspear, Mar-West and Stratabound among host of winning mining issues
The Vancouver Stock Exchange composite index closed up six points at 809.45 over the report period ended July 29, for a 0.7% gain. The mining index followed suit, rising 6.09 points, or 0.8%, to finis…
Metal prices — Daily Metal Prices
BASE METALS (London Metal Exchange – Midday bid/ask prices in US$ per tonne)DateJuly 29July 28July 25July 24J…
NDT takes shine to Staghorn results
Although the nickel values remain uneconomic, NDT Ventures (NDE-V) is encouraged by the latest drill data from its projects in Labrador.On Project 11-3, a joint venture with Essex Resource (ESX-V), ho…
Amax reports record output
With three new mines in operation, quarterly gold production for Amax Gold (AU-N) has reached record levels.The three mines — Fort Knox in Alaska, Kubaka in eastern Russia and Refugio in Chile — con…
Geomaque expands Honduran deposit
Geomaque Explorations (GEO-T) has extended the San Juan zone as a result of drilling carried out on the Vueltas del Rio gold project in northwestern Honduras.Drilling began in February in the eastern …
Corrections (August 04, 1997)
An article on page 6 of our July 28 issue includes incorrect information regarding the operatorship and funding of the VBE-1 project. The operator of the 1997 exploration program is Columbia Yukon Res…
Gitennes extends Rio Suro
Stepout drilling by Gitennes Exploration (GIT-A) has extended the Rio Suro zone on the Virgen gold property in north-Central Peru.Three reverse-Circulation (RC) holes, drilled south of the zone’s prev…
People — RIO NARCEA
Alberto Lavandeira appointed president and chief operating officer.
People — CRYSTALLEX INT’L
Harry Near appointed director.
People — BHP COPPER
Colin Palethorpe appointed senior vice-president for San Francisco; Roger Higgins appointed senior vice-president for Pacific operations.