Tom Exploration gains Dasserat porphyry target
Junior Tom Exploration (tum-m) is acquiring the Dasserat porphyry-gold property, which consists of six mining claims and three mining concessions just north of the Larder Lake-Cadillac fault in northw…
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Etruscan drills for gold in Niger
Etruscan Enterprises (eet-t) has drilled significant gold intersections at its Boulon Djounga West gold discovery in westernmost Niger, West Africa.Boulon Djounga West lies within Etruscan’s 1,241-sq….
Blue Emerald gains nod for Nicaraguan project
Toronto-based junior Blue Emerald Resources (ber-v) has received final regulatory approval for its Oro de Murra mining concession in the Nueva Segovia district of northern Nicaragua.To earn a 68.25% i…
Rio Tinto takes Cruces to feasibility
Rio Tinto (rtp-n) has announced it will continue with feasibility work on Las Cruces, a copper property in southern Spain.The company has located copper mineralization 15 km north of Seville, within t…
Tons added at Virginiatown
More drilling by Armistice Resources (aci-m) at its Sheldon-Larder property, southwest of Virginiatown, Ont., has confirmed the existence of mineralization similar to the “flow ore” at the nearby Kerr…
TSE SHORT POSITIONS (August 11, 1997)
Short positions outstanding at July 15, 1997Larger individual positions included: Barrick Gold 10,938,501, up 810,045; Bema Gold 4,426,645, down 369,241; Campbell Resources 3,470,249, up 883,549; Echo…
St Andrew extends Taylor West porphyry
Exploratory drilling by St Andrew Goldfields (sas-t) at its Taylor gold property near Matheson, Ont., has extended the west porphyry zone another 122 metres westwards, bringing its known length to 610…
Viceroy waits it out in Mexico
The drop in the price of gold has forced Viceroy Resource (voy-t) to postpone construction plans at Paredones Amarillos in Mexico.A joint venture with 60% partner Echo Bay Mines (eco-t), the open-pit …
Placer drops price of Val d’Or mines
Citing weak gold markets, Placer Dome (pdg-t) is knocking US$15 million off the price of its projects in Val d’Or, Que. The assets are being sold to McWatters Mining (mcw.a-m).The price of the Kiena a…
Inco lengthens zone at Voisey’s Bay — No economic nickel found beyond Eastern Deeps
Economic grades of nickel, copper and cobalt remain confined to the roughly west-to-east striking band of known zones at Voisey’s Bay, Labrador, reports Inco (n-t).The major’s Voisey’s Bay Nickel unit…
ODDS ‘N’ SODS — Beast of burden
.BS.J. HUNTERImagine my shock when the cargo door to the Norseman plane was flung open and a frantic voice called out, “Get this damned beast out of here!”It was 1946 and I was at MacKay Lake, surroun…
EDITORIAL — Ottawa poised to deliver budget surplus — Staying the course
Brian Mulroney may have been right about free trade, but the former prime minister of Canada has nothing to brag about when it comes to his Conservative Party’s track record in curbing government spen…