Virginia Gold Mines (VIA-M) and Noranda Mining & Exploration are encouraged by exploration results from their jointly held La Grande Nord property in the James Bay area of northwestern Quebec.Within t…
An exploration program by MacMillan Gold (MMG-T) will test a newly optioned gold property 200 km south of the Pierina gold deposit (owned by Barrick Gold) in western Peru.MacMillan signed an option ag…
Net income of $545,000 was reported by coal producer Hillsborough Resources .T(HLB-T) for the second quarter of 1997, compared with income of $9.3 million a year earlier.The 1996 results included a ga…
Roycefield Resources (RYC-T) has boosted the antimony resource at the Beaver Brook deposit in central Newfoundland.With the latest drilling, Roycefield has added 500,000 tonnes grading 3% antimony (us…
Madsen Gold (MGF-T) has formulated plans to spend $3.5 million on underground exploration and development at the newly reopened Madsen gold mine, near Red Lake, Ont.The mine, which has been producing …
Though not yet completely commissioned, the Mt. Polley mine near Williams Lake, B.C., has officially opened.Imperial Metals (IPM-T) is operating the project, in which it owns a 55% interest. The remai…
Short positions outstanding at August 31, 1997Larger individual positions include: Armada Gold 114,900, up 114,900; Aur Resources 331,050, up 330,250; Barrick Gold 10,977,077, up 256,010; Bema Gold 4,…
BASE METALS (London Metal Exchange – Midday bid/ask prices in US$ per tonne)DateSept 16Sept 15Sept 12Sept 11S…
Choosing to concentrate on its Mexican projects, Monarch Resources (MRE-T) has reached an agreement to sell its Venezuelan properties to Bolivar Goldfields (BVG-T).Bolivar will take over the mine know…
Partners Pangea Goldfields (PGD-T) and Explorations Minires du Nord (MDN-M) have discovered significant gold mineralization on the Kanegele block in the Lake Victoria Goldfields district of Tanzania.A…
Takura Minerals (TKM-V) has changed its name to Consolidated African Mining (AFC-V) on a 1-new-for-2-old-share basis.
David Mason appointed director.
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