Gitennes pins hopes on Virgen gold property
Although it is still in the early stage of being explored, the Virgen property in north-Central Peru is already attracting attention as a gold discovery of some significance.Over the next four years, …
News
CIM off to races
The Toronto branch of the Canadian Institute of Mining, Metallurgy & Petroleum will hold its annual social event at the Woodbine race track in Toronto on June 27.Tickets for the event, entitled “A Nig…
LME Warehouse Levels (June 23, 1997)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at June 16/97 (change from previous week in brackets):Aluminium698,650(-19,425)Copper122,225(-5,900)Lead116,875(-675)Nickel51,1…
Gold Funds (June 23, 1997)
Gold Funds as of June 12, 1997BGRCentralNet Value$20.53$5.87Price$15.25$5…
Timmins project keeps Holmer rooted at home
BBY THOMAS BROCKELBANKWhile it is making a name for itself with its Cuban projects, Holmer Gold Mines (HGM-T) is keeping one foot firmly planted in one of Canada’s oldest mining camps.Holmer has a 100…
Normandy Mining and Boliden come knocking on Canada’s door
Toronto’s status as the capital of the global mining industry has been further cemented by news that major firms Normandy Mining of Australia and Boliden (BOL-T) of Sweden setting up shop in the city….
BASE METALS — Search continues for more Labrador nickel — Teck, Falco join thinning field of juniors
Although the rumble of helicopters and diamond drills will once again be heard over Voisey’s Bay, Labrador, the ranks of junior companies exploring in the region are thinning.Only a handful of compani…
BASE METALS — Exploration proves up VMS potential of Finlayson Lake camp — Juniors flock to southeastern Yukon
The potential of the Finlayson Lake area in the southeastern Yukon to host volcanogenic massive sulphide deposits was first demonstrated by two discoveries: the ABM deposit, outlined in 1994 by Cominc…
NEWS IN BRIEF (June 23, 1997)
First Impression Singles (FIM-V) has changed its name to Global Explorations (GXC-V).
BASE METALS — Redfern updates Tulsequah study
A massive sulphide project in Portugal will provide an exploration focus for Redfern Resources (RFR-T) while engineering and permitting work continue at the Tulsequah Chief property in northwestern Br…
BASE METALS — Cobre Mining has shares listed on TSE, expands mill at Continental copper operation
After three years of operations as a private company, Cobre Mining, owner of the Continental copper mine in southern New Mexico (CBU-T), has decided to go public.So far, this year has been a busy one …
BASE METALS — Laminco moves ahead with San Antonio development — Copper production from northern Mexican deposit could begin by late 1998
The Luz del Cobre hydrothermal copper deposit in northern Mexico is moving closer to production.Reno, Nev.-based Laminco Resources (LMR-T) has just signed a letter of intent with a private U.S. invest…