NEWS IN BRIEF (April 14, 1997)
Swannel Minerals (SNL-V) has changed its name to Globenet Resources (GBR-V) on a 1-new-for-10-old-share basis.
News
Corrections (April 14, 1997)
Arauco Resources (ARU-V) has acquired full ownership of the George Lake gold project. Incorrect information appeared in our issue of March 31.
LME WAREHOUSE LEVELS (April 14, 1997)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at April 7/97 (change from previous week in brackets):Aluminium844,575(-8,425)Copper167,125(-10,125)Lead107,875(+950)Nickel48,5…
Ecstall stakes claims in Alberta
Junior Ecstall Mining (EAM-V) has entered into the Alberta diamond rush by staking 1.4 million acres of prospective ground in the south-Central part of the province.The Vancouver-based company intends…
Gitennes drills Virgen for bulk-Tonnage potential
Though bad ground hindered the first phase of drilling on the Virgen gold property in north-Central Peru, assay results reveal potential for a low-grade, bulk-Tonnage deposit.Gitennes Exploration (GIT…
DIAMOND BRIEFS — Monopros, Gerle return to Doyle
Drilling is set to begin on the LA 1-25 claims at the Doyle Lake project in the Northwest Territories.Under an option agreement, Monopros, the Canadian exploration arm of De Beers Consolidated Mines (…
LETTER TO THE EDITOR — Lobbyists pose threat to responsible mine development
Mining in Canada is important to local communities, particularly those in remote regions. Employment opportunities in the mining industry provide local economies with substantial and often essential e…
Greenshield Res. hits gold at Urban
In ongoing drilling, Greenshield Resources (GSR-M) has uncovered two gold zones at the Urban property, 185 km northeast of Val d’Or, Que.The junior is earning a half interest in the property from Moss…
Oroperu Res. raises $8.7 million — Money slated for Tres Cruces project in Peru
To finance its Peruvian projects, Oroperu Resources (OROP-C) has raised $8.7 million in a private placement.The placement, which was brokered by Yorkton Securities, consisted of 4 million special warr…
STOCK MARKETS — VSE composite and resource indices flattened by Bre-X debacle — Bright spots include Arizona Star, which unveiled resource estimate for Chilean gold-Copper play
The cloud of uncertainty looming over Bre-X Minerals continued to rain on most junior mining stocks.Led by the resource sector, the Vancouver Stock Exchange composite index lost 44.85 points, or 3.92%…
Most Active Issues April 9-15
ExchgVol(000s)CloseBre-X MnrlsT540032.30Bresea ResM…
Adrian turns drills at Panamanian gold-Copper play
Two diamond drills are operating in a 37-hole program at junior Adrian Resources’ (ADL-T) Petaquilla property in Panama.Situated 125 km west of Panama City, the property comprises 2,086 sq. km and con…