Eastfield to transfer Canadian assets
Eastfield Resources (ETF-V) plans to spin off its Canadian properties into a new company.Under the plan, shareholders will exchange one Eastfield share for one New Eastfield share and one share in the…
News
BYG to buy YGC from Wheaton River Minerals
Whitehorse, Y.T.-based BYG Natural Resources (BYG-T) plans to acquire a controlling position in Vancouver-based YGC Resources (YGC-V) for $2.3 million.The deal would see BYG acquire Wheaton River Mine…
EDITORIAL PAGE — Tackling corruption
Doing business in foreign countries has placed some North American mining companies face-to-face with the problem of how to secure promising projects without taking part in the corrupt business practi…
THE DIAMOND PAGE — DiamondWorks starts mining in Angola
DiamondWorks (DMW-V) has begun mining alluvial diamonds at its Luo project in Angola, following the commissioning of a 120-tonne-per-hour floating dredge.The dredge, airlifted in from South Africa, be…
THE DIAMOND PAGE — Redaurum develops South African mine
The Rooiberg alluvial diamond project of Redaurum (RRK-T) is on its way to minehood.The company has applied to the South African government for a licence to develop its 4,300-ha Rooiberg property, whe…
NEWS IN BRIEF (March 24, 1997)
Consolidated Valley Ventures (CVL-V) has changed its name to CVL Resources (CVL-V).
LME WAREHOUSE LEVELS (March 24, 1997)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at Mar.17/97 (change from previous week in brackets):Aluminium891,825(+14,150)Copper197,450(-8,075)Lead108,225(-850)Nickel46,54…
GOLD FUNDS (March 24, 1997)
Gold Funds as of March 13, 1997BGRCentralNet Value$23.34$6.15Price$17.90$…
TORONTO STOCK EXCHANGE INDICES (March 24, 1997)
1997Mar 18Mar 17Mar 14Mar 13Mar 12HighLowComposit…
Adex studies production plans for Mount Pleasant
A feasibility study calls for production of tin and indium-copper zinc concentrates at the Mt. Pleasant project in southwestern New Brunswick.Consulting firm Kvaerner Davy conducted the study, which r…
Athlone Resources drill-tests Norteno property in Bolivia
Drill results from the Norteno concession in western Bolivia indicate pyrite mineralization is the cause of a large induced-polarization anomaly.Athlone Resources (AT-V) tested the broad chargeability…
Kinross boosts stake in Goldbanks
Toronto-based Kinross Gold (K-T) has completed its acquisition of the Goldbanks gold-silver project, 56 miles south of Winnemucca, Nev.In June 1995, the company bought a half interest in the property …