Greenstone teams with Independence
Toronto-based Greenstone Reources (gre-t) has entered into an agreement with Independence Resources (idn-v) to acquire and develop gold projects in Mexico.Greenstone will acquire 1 million units of In…
News
NAR plans work in Zimbabwe
Over the next few years, NAR Resources (nrl-m) plans to spend US$2 million exploring greenstone belts considered prospective for volcanogenic massive sulphide deposits in Zimbabwe.The land package was…
Zinc improves economics at Boleo — International Curator seeks partner for development
Armed with a prefeasibility study that indicates its El Boleo copper-cobalt deposit in Baja California Sur, Mexico, is economic, International Curator Resources (ic-t) plans to hold discussions with p…
Crew-led consortium awarded Zambian copper mine
A consortium led by Vancouver-based Crew Development (cru-t) has been awarded the Chibuluma copper project in Zambia as part of the privatization of Zambia Consolidated Copper Mines (ZCCM).The Chibulu…
METAL PRICES — Daily Metal Prices (August 18, 1997)
BASE METALS (London Metal Exchange – Midday bid/ask prices in US$ per tonne)DateAug. 12Aug. 11Aug. 8Aug. 7Aug…
Mountain Lake tests zinc target
Zinc mineralization was intersected by Mountain Lake Resources (moa-v) while drill-testing the Malisect nickel-copper prospect in the Bathurst area of New Brunswick.The property is 25 km west of the H…
DIAMOND PAGE — Financing for American Gem
Montana-based sapphire producer American Gem (gem-t) has raised $1.3 million in a private placement of 4.4 million shares at 30 cents each.The purchasers are Canadian and European institutional invest…
GREATEST VALUE TRADED, August 6-12
ExchgValue($000s)HighLowCloseChangeBarrick GoldT1…
Nugget Pond startup strengthens Richmont
The start of production at the Nugget Pond mine, near Baie Verte, Nfld., enabled Richmont Mines (ric-t) to boost its operating cash flow tenfold in the second quarter, compared with 1996 levels. Also,…
Royalty sisters report mixed quarter
Rescheduling of operations at Barrick Gold’s (abx-t) Goldstrike project in Nevada has boosted first-quarter earnings for Euro-Nevada Mining (an-t), while impeding those of sister company Franco-Nevada…
COMMENTARY — Communication is key
The author is a senior geologist at Watts Griffis & McOuat and has written the following article at the request of Keep Mining in Canada, a grassroots campaign designed to increase awareness of the im…
DIAMOND PAGE — Cypango arranges placement
Cypango Ventures (cav-v) has arranged a brokered private placement of up to 5 million special warrants at a price of 40 cents per warrant.Each special warrant will be exchangeable into one common shar…