Avalon drills Dubenski project
A first phase of drilling by Avalon Ventures (AVL-V) is testing the resource potential of the Dubenksi gold project, 70 km southeast of Kenora, Ont.The property already contains a resource of 253,000 …
News
LITERATURE REVIEW — Santa Fe’s Nevada mines come of age
Having set a gold production record at its Nevada and California operations in 1996, Santa Fe Pacific Gold (GLD-N) says it is on track to join the 1-million-oz. club this year, climbing to a projected…
PRODUCER PRICES (February 24, 1997)
ALUMINIUM: LME settlements US$1,548.50 per tonne, alloy $1,486 per tonne (Feb. 18/97).ANTIMONY: Composite free market, US$2,340 per tonne (Feb. 18/97).BISMUTH: Composite free market US$3.15 per lb. (F…
Miramar puts Talapoosa gold project on hold
Citing low gold prices and inconsistent recoveries, Miramar Mining (MAE-T) has taken a $33.6-million writedown on the Talapoosa gold-silver project in western Nevada, suspending its development.”At cu…
St Andrew funds Matheson drilling program
Through a private placement, St Andrew Goldfields (SAS-T) is raising funds to continue diamond drilling in the Matheson area of northwestern Ontario.The junior raised $3.4 million by issuing 4 million…
Santa Fe finds more gold at Duquesne W.
Drilling by Santa Fe Canadian Mining has identified a new gold zone on the Duquesne West property of Globex Mining (GMX-T), 30 km northwest of Rouyn-Noranda, Que.Santa Fe, a wholly owned subsidiary of…
Rift Res. eyes properties in Niger
EXP Resources, a privately held company in Alberta, can acquire a 60% interest in a 1,900-sq.-km gold-copper concession in southwestern Niger.EXP secured the option by paying US$50,000, issuing 1.2 mi…
Earnings rise for Teck and Cominco
The sale of its 10.8% stake in Diamond Fields Resources saw the 1996 net earnings of Teck (TEK-T) jump by almost 184% over the previous year.The Vancouver-based major reported net earnings of $255 mil…
N.A. Tungsten expands its base of mineral assets
Vancouver-based North American Tungsten (NTC-V) can acquire the tungsten assets formerly held by Canada Tungsten, which was recently merged with Aur Resources (AUR-T).These assets include:* the former…
Stratabound establishes Mexican presence
Junior Stratabound Minerals (SB-A) will buy a polymetallic property in northeastern Mexico.Situated near the city of Monclova in Coahuila state, the property is accessible by paved highway and gravel …
Espalau Mining samples gold prospects in Ecuador’s El Oro province
Channel sampling by Espalau Mining (EPU-M) at the Paraiso joint venture in Ecuador’s El Oro province has uncovered high gold values.The Val d’Or, Que.-based company can earn a half interest in the pro…
Monarch expands reserves at Camorra mine in Venezuela
Exploration programs in 1996 enabled Monarch Resources (MRE-T) to boost reserves at its Venezuelan gold mine known as La Camorra.At the same time, the company achieved record gold production of 56,549…