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News
DIAMOND PAGE — More diamonds pulled from Buffalo Hills kimberlite
A second sample from the promising K14C kimberlite at the Buffalo Hills project in north-central Alberta has yielded one macrodiamond and 94 microdiamonds from 45.6 kg of drill core.An earlier 43.4-kg…
STOCK MARKET — VSE stumbles in September but recovers ground in new month Humdrum week as gold, diamond explorers post less-than-spectacular results
From August to September, both the composite indicator and mining indicator of the Vancouver Stock Exchange dropped by 2%. Also, four exploration and development companies were newly listed, including…
Cominco approves smelter expansion
Vancouver-based Cominco (CLT-T) has approved a US$300-million expansion program at its Cajamarquilla zinc refinery near Lima, Peru.The expansion, expected to be completed by the first quarter of 2000,…
TORONTO STOCK EXCHANGE INDICES (October 13, 1997)
-1997-Oct. 7Oct. 6Oct. 3Oct. 2Oct. 1HighLowCompos…
New zone expands resource at Francoeur
A new gold zone discovered by Richmont Mines (RIC-T) at its Francoeur mine, west of Rouyn-Noranda, Que., promises to add significantly to reserves.The new No. 7 zone, a steeply dipping structure that …
Mirandor finds more gold in Nevada
Preliminary drilling by Mirandor Exploration (MIQ-M) has uncovered three new gold zones on its Railroad property in Nevada’s Carlin trend.Dubbed Bunker Hill, LT East and Elliot High Ranch, the zones r…
Brazilian achieves producer status with Santa Maria mine acquisition
Through a deal with a private owner, Brazilian Resources (BZIN-C) has acquired a majority interest in the producing Santa Maria open-pit, heap-leach gold mine in Brazil.Brazilian recently signed a 3-y…
Madsen arranges $3.5-m funding
Additional financing may help the Madsen gold mine in Red Lake, Ont., to reach full production this fall, several months behind schedule.Madsen Gold (MGF-T) has arranged a private offering of 1 millio…
Donner, N. Abitibi hit Labrador nickel
Drilling on the South Voisey’s Bay property in Labrador has returned three separate narrow zones of massive sulphide mineralization for equal partners Northern Abitibi Mining (NAI-A) and Donner Resour…
Wheaton turns its attention to Costa Rica
Toronto-based Wheaton River Minerals (WRM-T) has added nearly 2 million oz.to its gold mineral base by acquiring the Bellavista gold project in Costa Rica from Minera Rayrock (MRN.Z-T).Wheaton conclud…
STOCK MARKET — TSE robust despite poor showings by golds, base metals — Positive results boost value of SouthernEra; royalty sisters Euro and Franco hold steady
The Toronto Stock Exchange shifted into high gear over the report period ended Oct. 7, setting records on each of the five trading days. The TSE 300 index closed the week at 7,209.93 for a gain of 169…