Drills to turn at Chimborazo
Some 27,000 metres of reverse-circulation drilling will be carried out at the Chimborazo copper property in northern Chile.The project is a joint venture between Agate Bay Resources (ABE-V), which, as…
News
Inmet hopes for turnaround in 1997 as new copper and gold projects come on stream
After losing money for the second year in a row and seeing drops in its production levels for 1996, Inmet Mining (IMN-T) is hoping its newest copper and gold projects will improve its fortunes in the …
Meridian Gold increases resource at El Peon
Exploration by Meridian Gold (MNG-T) has doubled the gold resource at El Peon, a property in northern Chile.Last year, the company spent US$6 million exploring the property in a program that included …
South Atlantic adds Swedish ground
By acquiring two Swedish mining companies, South Atlantic Resources (SCQ-V) has added 14 gold, silver and base metal properties to its portfolio of mineral assets.Svenska Milo-och Mineral and Vasterno…
EXPLORATION 1997 — Minco excited by China’s grassroots potential
Having raised $7.6 million through a public offering of special warrants, Minco Mining & Metals (MMM-V) is proceeding with exploration of its gold and copper projects in China.Under an arrangement rea…
EXPLORATION 1997 — Juniors plan exploration programs to test grassroots prospects in China
Partners Southwestern Gold (SWG-T) and Global-Pacific Minerals (CPJ-V) plan to form a joint-venture with the Ministry of Geology and Mineral Resources of Heilongjiang province to explore four areas in…
EXPLORATION 1997 — Overburden redraws boundary in Quebec
Vancouver-based Norcal Resources (NLR-V) and Gold Giant Minerals (GNR-V) have staked more than 1,300 contiguous claims in a newly discovered volcano-sedimentary belt near Val d’Or, Que.Dubbed the Norg…
EXPLORATION 1997 — Corona Gold drills Troutfly Lake, program starts at Thunder Lake
A 12-hole program totalling 10,000 ft. is testing the Troutfly Lake properties, two groups of non-contiguous claims acquired by Corona Gold (CRG-T) northeast of Dryden, Ont.The company acquired the 25…
EXPLORATION 1997 — First Dynasty plans work in Indonesia, Armenia
Having paid registration fees and deposits totalling US$1.6 million to the Indonesian government, First Dynasty Mines (FDM-T) is now awaiting exploration rights to about 208,000 ha on the islands of K…
PEOPLE — BATTLE MOUNTAIN
Ian Bayer appointed chief executive officer and Karl Elers appointed non-executive chairman.
LME WHSE LEVELS (March 03, 1997)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at Feb. 24/97 (change from previous week in brackets):Aluminium901,250(-9,375)Copper220,050(-575)Lead108,475(-1,625)Nickel45,75…
Bruneau ups reserves
A drilling program by Bruneau Minerals (BRM-T) has boosted reserves at its calcium carbonate deposit in Lac St. Jean, Que., by 4 million tonnes to more than 17 million tonnes.