GREATEST VALUE TRADED (April 07, 1997)
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Articles by Northern Miner Staff
STOCK MARKETS — Great Bre-X belly-flop sinks entire gold market
Widespread carnage among TSE golds; base metals also take a bashing The report period ended April 1 was no joke at the Toronto Stock Exchange, where the Bre-X Minerals bomb of the previous week turned…
STOCK MARKETS — Bre-X’s collapse has domino effect on VSE juniors — Western markets may take months to recover as investors bail out of penny mining stocks
The ongoing confusion over Bre-X Minerals took its toll on almost all mining stocks on the Vancouver Stock Exchange during the report period ended April 1. The VSE’s composite index lost 121.82 points…
TSE INDICES (April 07, 1997)
1997Apr. 1Mar. 31Mar. 28Mar. 27Mar. 26HighLowComp…
Adikann drill-tests gold property in Ghana
Junior Adikann Goldfields (ADK-V) reports encouraging results from drilling carried out on two portions of its Westbank concession in southwestern Ghana.* On the Treposo portion, six holes were drille…
Gold production steady at Limon
At the Limon gold mine in Nicaragua, Triton Mining (TTM-T) produced 3,675 oz. during the month of February, bringing the year’s total to date to about 7,690 oz.The cash cost for the month remained at …
Cons. Shoshoni expands holdings at Finlayson Lake
In the Finlayson Lake area of the Yukon, Consolidated Shoshoni Gold (CHJ-V) has acquired two new claim blocks.The AU claims adjoin to the east the Ice property of Expatriate Resources (EXR-V), where a…
Placer breaks pact with Gowest
Vancouver-based Placer Dome (PDG-T) has backed out of a deal with Gowest Amalgamated Resources (GWA-A) to acquire a stake in the McAlpine Lake gold property in northeastern Ontario.The property lies o…
Cumberland kicks off Meadowbank play
Richmond, B.C.-based Cumberland Resources (CBD-T) has approved the first phase of a $2.8-million exploration program on its 60%-owned Meadowbank gold project in the Northwest Territories.Work at the p…
Golden Hemlock Resources pursues Sierra Madre treasure
Poor ground conditions at the San Jose de Gracia gold project in western Mexico have forced Golden Hemlock Resources (GHE-V) to fall back on bulldozer trenching.The property, which comprises 3,500 ha,…
LATIN AMERICA — Crystallex aims to expand Venezuelan mining and exploration activities
Kilometre 88, venezuela — The exploration boom that took place in this gold camp a few years ago has cooled down, leaving only a handful of juniors exploring and developing projects near the huge Las…
LATIN AMERICA — Corriente drills for gold in southern Peru — Company says results indicate bulk-tonnage potential at Chama
Diamond drilling has commenced on the Peruvian gold project known as Chama, in which Corriente Resources (CTQ-T) can acquire a 100% interest.Situated near Arequipa in the country’s south-central regio…