TORONTO STOCK EXCHANGE INDICES (February 09, 1998)
1998Feb.3Feb.2Jan.30Jan.29Jan.28HighLowComposite…
News
GeoNova pulls gold
More than half of the holes sunk by GeoNova Explorations (GNE-M) at its Chevrier property near Chibougamau, Que., have intersected gold mineralization.The company sank 18 holes (4,275 metres) during a…
Banro boosts resources
Banro Resource (BNRS-C) has revised its resource estimates for the Twangiza and Namoya gold deposits in the Democratic Republic of Congo’s Kivu province.At Twangiza, the updated resource stands at 104…
Blue Emerald drills gold prospect
Drilling by Blue Emerald Resources (BER-V) is testing the Las Flores zone and other gold targets at the Quebrada de Oro project in northwestern Nicaragua.Las Flores, a stratabound zone, has been trace…
Cobre accepts Phelps Dodge takeover bid
With the price of copper falling and no other suitor coming forward, the management of Cobre Mining (CBU-T) has decided to submit to a takeover attempt by Phelps Dodge (PD-N).Cobre’s directors are rec…
Correction (February 09, 1998)
Previous owners of the Wenatchee gold project in Washington state spent $10 million exploring the Compton, Wenatchee Heights and Matthews properties. In our issue of Feb. 2-8, we incorrectly attribute…
Ourominas options properties
Junior Ourominas Minerals (OMI-T) has entered into option agreements on two properties in the Peixoto de Azevedo area of Brazil’s Mato Grosso state.The company has 90 days in which to review the geolo…
Falco profits drop
With decreased base-metal prices and problems at the Sudbury and Kidd Creek divisions, Falconbridge (FL-T) saw its earnings drop during its fiscal 1997 and its fourth quarter.The company’s consolidate…
Samax hits new gold vein in Ghana
Samax Gold (SMX-T) has identified a gold-bearing vein system on its 65%-owned Nkroful property in Ghana, West Africa.Drilling along a 300-metre-long portion of the Bokrobo vein system, called the Main…
Taparko advances to feasibility — Three zones on property showing open-pit potential
With a million-ounce gold resource indicated on its Taparko property in Burkina Faso, High River Gold (HRG-T) has announced plans to complete a feasibility study on the project.High River, which annou…
KazMinCo confirms Nurkazgan deposit
A prefeasibility study completed for Kazakhstan Minerals (KMC.U-T) has confirmed the resources of the Nurkazgan copper-gold porphyry deposit in central Kazakstan.The study outlined a resource of 213 m…
Northern Crown plans 1998 work program for Guadalupe
Based on the recommendations of a preliminary study, Northern Crown Mines (NCW-T) is preparing to advance its Guadalupe de los Reyes gold project toward final feasibility.The 88-sq.-km project lies 16…