Brooks gains Argentine option
Northern Orion (NNO-T) has granted Brooks Resources (BRC-V) an option to earn up to a 60% interest in the Campana Mahuida copper project in Argentina.The geologic resource is estimated at 76.15 millio…
News
PEOPLE — ELECTRA MINING (March 10, 1997)
Antoine Laoun appointed director and chairman of the audit committee.
PEOPLE — AQUEST MINERALS
Thomas Vehrs appointed president and chief operating officer.
Gold Funds (March 10, 1997)
Gold Funds as of February 27, 1997BGRCentralNet Value$23.11$6.26Price$19.35…
LME Warehouse Levels (March 10, 1997)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at Mar.3/97 (change from previous week in brackets):Aluminium882,450(-18,800)Copper214,800(-5,250)Lead108,025(-450)Nickel45,618…
Newmex to explore Mexican properties
With cash in hand from a large financing, Newmex Mining (MEX-T) will set about exploring its two Mexican gold properties.Created in February by Great Lakes Minerals (GLK-T), Newmex is a wholly owned s…
Prime Equities gains Chilean project
A gold prospect in Chile’s Maricunga district has caught the eye of Prime Equities International (PQE-V), a junior company founded by Murray Pezim and now headed by his son, Michael.The company holds …
Eden Roc drills oxide zone in Africa
Toronto-based Eden Roc Mineral (EDN-T) has found gold mineralization in a trenched and drilled oxide zone in Ivory Coast. The permit is held by Somiaf, which, in turn, is owned 68% by operator Eden Ro…
EXPLORATION 1997 — Hot prospects draw diamond juniors to Namibia
It has long been known that many diamonds from the kimberlites of the Orange River watershed in southern Africa washed into the Atlantic Ocean and were pushed northward by the prevailing currents. De …
EXPLORATION 1997 — Trio eyes African gold concessions
By mid-April of this year, Trio Gold (TGK-A) hopes to complete a due diligence review of its proposed acquisition of Sedcore Exploration, a private company incorporated in Ghana, West Africa.The acqui…
PRODUCER PRICES (March 10, 1997)
ALUMINIUM: LME settlements US$1,667 per tonne, alloy $1,540 per tonne (Mar. 4/97).ANTIMONY: Composite free market, US$2,300 per tonne (Mar. 4/97).BISMUTH: Composite free market US$3.00 per lb. (Mar. 4…
Escondida oxide copper project gets nod
A solvent extraction-electrowinning project is expected to enhance the overall economics of the Escondida copper mine in northern Chile, reports operator BHP.The Australian mining giant has a 57.5% in…