The Toronto Stock Exchange rose fractionally during the trading period Dec.30-Jan. 7, though gold issues dived as precious metal prices fell drastically. The TSE 300 composite index rose 44.26 points …
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Over the course of 1997, Northern Crown Mines (NCW-V) will spend $7 million proving up its Guadalupe de los Reyes gold-silver project in Mexico’s Sinaloa state.Comprising 59 sq. km, the land package i…
Limited follow-up drilling at the Black Pine cobalt-copper-gold project in Idaho has returned encouraging results for Formation Capital (FCO-T).To test previously discovered exhalative, stratabound mi…
A reserve of working capital, combined with a solid past performance, suggests that Aurizon Mines (ARZ-T) can look forward to a good year, according to analyst Donald Poirier of McDermid St. Lawrence …
Rift Resources (RIF-V) is making inroads in East Africa. The Toronto-based junior has been granted a prospecting licence in Uganda and an exploration licence in Ethiopia.The prospect in southwestern U…
Toronto-based Inter-Rock Gold (IRO-T) has poured its first gold from the Daisy mine in Beatty, Nev.The gold, totalling 439 oz., was poured at Rayrock Yellowknife Resources’ (RAY-T) Marigold mill in no…
The Mining Association of Canada (MAC) reports that 31 of its member companies have reduced their emissions of 12 major substances by 68% since 1988.These reductions are close to the 71% target origin…
Two Denver-based companies — Dakota Mining (DKT-X) and USMX (USMX-Q) — are expected to merge.Under an agreement-in-principle, shareholders of USMX will receive one share of Dakota for every 1.1 shar…
Australian-based Highlands Gold has struck a US$250-million deal with Placer Dome (PDG-T) to sell its 25% interest in the massive Porgera gold mine in Papua New Guinea.Highlands, formed under Papua Ne…
Drilling at the Martinetas property in southeastern Argentina has yielded significant epithermal gold mineralization for Yamana Resources (YRI-T).Two of six targets were tested, and assays for the fir…
Two more drill holes at the McBean property east of Kirkland Lake, Ont., have intersected gold mineralization below the property’s old open pit.The drill program, being operated by Queenston Mining (Q…
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