BHP swaps ground for Eastmain shares
BHP Minerals (BHP-N) will transfer base metal and gold exploration properties in eastern Canada to Eastmain Resources (ER-T) in exchange for shares, the number of which will be decided following a due…
News
Trans Hex, Ocean keep sampling
Having found only one gem-quality macrodiamond in the first bulk sample from the Sunda Shelf property, off the coast of Namibia, partners Trans Hex International (THI-T) and Ocean Resources (OCR-V) ha…
DIAMOND PAGE — Shore Gold buys out Saskatchewan partner
Saskatoon, Sask.-based Shore Gold (SGF-A) has taken complete control of the Fort la Corne diamond project it had shared with Rio Nevada Mines (RN-A).Rio Nevada sold its 25% interest to Shore for 250,0…
DIAMOND PAGE — Hymex Diamond prepares to mine kimberlite blow
Hymex Diamond (HMD-V) now has a kimberlite washplant on site at its diamond property in Guinea, West Africa.The washplant is expected to be available for trial runs, processing kimberlitic material by…
BOOK REVIEW — Industrial minerals reference commendable
Industrial Minerals and their Uses: A Handbook and Formulary Peter Ciullo – editor, US$86, Noyes Data Corporation, Westwood, N.J. 07675Technical handbooks are utterly without glamor. Thick, with dull …
MOST ACTIVE ISSUES, Sept. 3-9
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TORONTO STOCK EXCHANGE INDICES (September 15, 1997)
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LME WAREHOUSE LEVELS (September 15, 1997)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at Sept.9/97 (change from previous week in brackets):MetalStocks(tonnes)Change…
Barrick pulls plug on El Indio, Tambo — Three other mines slated for shutdown in 1999
Having tried, and failed, to turn around the Chilean operations of the former Lac Minerals, Barrick Gold (ABX-T) has moved to wipe the under-performingoperations off its books.The company has announce…
Minefinders buys back Echo Bay’s option on gold project in Chihuahua — Major gets cash, shares in return for interest in Dolores gold project
Echo Bay Mines (ECO-T) has relinquished its option to acquire a 60% interest in the Dolores gold project in Mexico’s Chihuahua state. In return, the property owner, Minefinders (MFL-V), will transfer …
Meridian sets sights on India
Meridian Minerals India, an 80%-owned subsidiary of Meridian Peak Resources (MRK-V), has been granted two prospecting licences in the northwestern Indian state of Rajasthan.The company has the right t…
Noveder drills for gold at Abitibi
Noveder (NED-M) has hit narrow intersections of high-grade gold mineralization in three holes drilled at the Abitibi project near Val d’Or, Que.Holes 19, 20 and 21 were drilled to verify the depth ext…