MOST ACTIVE ISSUES, Nov. 19-25
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News
Western markets off slightly; VSE mining index also down — Goldtex, Canadian Mountain up on report of good surface samples in Yemen
The Vancouver Stock Exchange composite index closed down 37.01 points, or 5.3%, to 657.21 over the report period ended Nov. 25, while the mining index was off 36.42 points, or 6.3%, at 540.31. The com…
SPOT PRICES (December 01, 1997)
Wednesday, November 26, 1997Price (US)Week’s ChangeGold*$297.00- $9.40Silver*$ 5.2…
BHP comes full circle at Cannington
At the turn of the century, Broken Hill Proprietary (BHP-N) was operating the world’s largest silver mine — its namesake deposit at Broken Hill in New South Wales, Australia. With a new century on th…
Mar-West picks up gold concession
Junior Mar-West Resources (MRS-V) has received title to the Jutiapa II concession in Guatemala.The 3,900-ha concession is 4 km from the Pan-American Highway in the southeastern part of the Central Ame…
Twin Gold weighs bio-ox offers for Atlanta mine
With a view to advancing its Atlanta gold project in southwestern Idaho, Twin Gold (TWG-T) has signed confidentiality agreements with two companies specializing in bio-oxidation technology.Atlanta, a …
Orvana weighs options for Don Mario
To go it alone or form a partnership. That is the question, for Orvana Minerals (ORV-T) at its Don Mario gold-copper deposit in eastern Bolivia.Negotiations aimed at evaluating and developing the depo…
Niocan expands niobium property
Niocan (NIO-M)has added the mineral rights of the closed St. Lawrence Columbium & Metals mine to its 970-acre niobium prospect near Oka, west of Montreal, Que.The newly added claims, which total 630 a…
Rayrock companies reorganize as Pyx Mining
A new company, Pyx Mining, has been formed through the combination of Rayrock Yellowknife Resources (RAY-T), Minera Rayrock (MRN-T) and Inter-Rock Gold (IRO-T).Under the terms of the proposal, Rayrock…
EXPLORATION ROUNDUP — Argosy drills for gold in Slovakia — Gold distribution augurs well for cost projections
Junior Argosy Mining (AGO-V) continues to expand reserves at Kremnica, a former gold and silver producer in central Slovakia.The project comprises 28 sq. km in the Kremnica epithermal district, about …
EXPLORATION ROUNDUP — Globetrotting Eldorado seeks success in weak gold market — Discovery, resource confirmation take edge off restructuring plan
Exploration work at grassroots and advanced-stage exploration and development projects in Turkey and Brazil is returning heartening results for Eldorado Gold (ELD-T).The company recently discovered go…
EXPLORATION ROUNDUP — Tiomin Res. boosts reserves at Kwale mineral sands project
Toronto-based junior Tiomin Resources (TIO-T) has increased by 54% its reserve estimate at the Kwale heavy mineral sands project in Kenya.The project’s three deposits are now estimated to host 200 mil…