Odds `n’ Sods — Where there’s smoke . . .
Although July 1 in Red Lake, Ont., was hot and dry, it was a perfect day for the town’s annual Dominion Day celebration.The day’s activity’s were to consist of team fire-fighting competitions, hand-mu…
News
METAL PRICES — FREE MARKET (February 17, 1997)
London Metal ExchangeMidday bid-ask prices in $US per tonneDateFeb. 11Feb. 10Feb. 7Feb. 6Feb. 5…
Chase, Delta get nod for Cikondang gold mine
The Indonesian government has approved a share ownership plan that gives Chase Resource (CQS-T) and Delta Gold Mining (DTG-V) a 77.5% interest in the Cikondang gold mine and surrounding property.The V…
Bralorne set for reopening
After several years of false starts, the historic Bralorne gold mine near Vancouver, B.C., is scheduled to reopen in mid-March.The mine operated from 1916 to 1971, but low gold prices forced its closu…
TSE Short Positions (February 17, 1997)
Short positions outstanding at January 31, 1997Larger individual positions included: Barrick Gold 10,970,779, down 129,771; AJ Perron 0, down 376,400; Anvil Range Mining 780,200, down 144,200; Anderso…
Prime aglow over ’96 earnings
Prime Resources Group (PRU-T) enjoyed higher earnings and increased gold production in 1996.The company earned $42.1 million (or 55 cents per share) on revenue of $198.7 million, compared with $36.5 m…
Omax Resources plans financing
A private placement of 5 million warrants, priced at 83 cents each, is expected to provide gross proceeds of up to $4.15 million for Omax Resources (OXR-V).The junior company is exploring a number of …
High River adds to African holdings
Toronto-based High River Gold Mines ((HRG-T) has acquired an option to earn 100% of a 500-sq.-km concession adjacent to its Taparko gold project in Burkina Faso.A second-phase, US$2-million exploratio…
NEWS IN BRIEF (February 10, 1997)
Yuma Gold Mines (YUM-V) has changed its name to Yuma Copper (YUM-V).
Correction (February 10, 1997)
At the Camsell Lake project in the Northwest Territories, a total of 143 diamonds, including 33 macros, was recovered from 34.05 kg of boulder material sampled from two sites. Incorrect information ap…
GSC releases new map on CD
The Geological Survey of Canada (GSC) has released an updated map of Canada in both paper and CD-ROM formats.Compliled from published and unpublished materials of the GSC and other sources, the map re…
PEOPLE — INDOMIN (February 10, 1997)
K. McKechnie appointed chairman and chief executive officer.