Santa Cruz, Newmex to exchange vows
The proposed amalgamation of Santa Cruz Gold (SCG-T) and Newmex Mining (MEX-T) has been given the green light by regulators and shareholders.Santa Cruz shareholders will receive one share of the new c…
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GREATEST VALUE TRADED, Sept. 3-9
Value($000s) HighLowCloseChangeBarrick GoldT16590…
STOCK MARKET — TSE climbs despite light trading and weak metal markets — SouthernEra knocks ’em dead following African success
Despite a slow week in trading and depressed metal markets, the Toronto Stock Exchange 300 composite index rose 126.24 points to finish the report period ended Sept. 9 at 6,799.52.The Canadian dollar …
METAL PRICES — Daily Metal Prices (September 15, 1997)
BASE METALS (London Metal Exchange – Midday bid/ask prices in US$ per tonne)DateSept. 9Sept. 8Sept. 5Sept. 4S…
Goldcliff forms JV with Aussie miner
A subsidiary of Australian-based Newcrest Mining will buy a 60% interest in a porphyry copper-gold prospect held by Goldcliff Resources (GCN-V) in Argentina.To buy into the Diente Verde project, Newcr…
Altavista boosts Santa Anna resource — Company prepares for feasibility study
Drilling by Altavista Mines (AIA-M) has quadrupled the resource base at its Santa Anna property in northwestern Quebec.Resources now stand at 1.6 million tonnes grading 3.18 grams gold per tonne, comp…
MINERAL EXPLORATION — Consortium investigates mobile-ion geochemistry
Trying to aim the drill at the needle, and not the haystack, is the goal of researchers working on mobile metal ion (MMI) geochemistry.Zones of metal enrichment in soils often do not occur right on to…
Breakwater acquires Tunisian zinc-lead mine
Breakwater Resources (BWR-T) has acquired the Bougrine zinc-lead mine in Tunisia, together with all other assets of Socit Minire de Bourgrine.The Toronto-based company will pay US$19.3 million for the…
Vedron tallies resource at Fuller
Surrounded by some of the most productive mines of the Porcupine gold camp, the Fuller property, southeast of Timmins, Ont., yielded only limited amounts of gold from mining efforts in the 1950s and 1…
Westmin, Atna identify new zone at Wolverine project
Partners Westmin Resources (WMI-T) and Atna Resources (ATN-T) have drilled into a narrow interval of high-grade massive sulphide mineralization in the Sable area of the Wolverine project in southeaste…
Drill program expands Lookout zone at Niblack
A $3-million, 38,000-ft. drilling program is drawing to a close at Abacus Minerals’ (AMC-V) Niblack volcanogenic massive sulphide project on Prince of Wales Island in southeastern Alaska.The bulk of t…
Tiomin extends oxide zone at Cerro Colorado
Tiomin Resources (TIO-T) has released results from several new holes drilled at its Cerro Colorado porphyry copper project in Panama.The latest holes are part an ongoing 3,000-metre program designed t…