OBITUARY — Franc Joubin
Francis Joubin, who helped usher Canada into the nuclear age, has died. He was 85.Born in San Francisco, Calif., in 1911, Joubin obtained his undergraduate and master’s degrees in geology from the Uni…
News
Geonova expands Chevrier gold deposit
The Chevrier property of GeoNova Explorations (GNE-M) is fast becoming one of the largest undeveloped gold projects in Quebec.Drill results at the project, situated near Chibougamau, Que., have enable…
Queenston finds new zone at McBean
The last of three holes drilled by partners Queenston Mining (QMI-T) and Franco-Nevada Mining (FN-T) has uncovered a new zone of mineralization at the Anoki gold deposit on the McBean property, east o…
THE DIAMOND PAGE — Winspear, Aber set to drill at Camsell Lake property
Drilling at the Camsell Lake diamond project in the Northwest Territories is expected to begin in early March.Operator Winspear Resources (WSP-V) holds a 42.5% interest, while Aber Resources (ABZ-T) h…
STOCK MARKETS — Foreign plays add heat to VSE
The Vancouver Stock Exchange composite index was up 12.4 points, or 0.99%, over the report period ended Feb 25, to close at 1,263.05. The resource index gained 46.17 points, or 1.98%, finishing at 2,3…
Spot prices at a glance (March 03, 1997)
Wednesday, February 26, 1997Price (US)Week’s ChangeGold*$353.85+ $7.75Silver*$ 5.2…
Mindoro: a cautionary tale for investors
Editor’s Note: Mindoro was a private company and should not be confused with Edmonton-based Mindoro Resources (MIO-A), a legitimate junior company exploring in southeast Asia.In 1993, rumors began cir…
LME Warehouse Levels (February 24, 1997)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at Feb. 17/97 (change from previous week in brackets):Aluminium910,625(-15,025)Copper220,625(+2,150)Lead110,100(-800)Nickel45,7…
Gold Funds (February 24, 1997)
Gold Funds as of February 13, 1997BGRCentralNet Value$21.72$5.97Price$17.25…
Copperstone drills at Lucifer
Drills are turning on the Lucifer concession in Baja California Sur, Mexico.Copperstone Resources (CPP-V) is earning an 80% interest in the project from Island-Arc Resources (IAR-V).The 1,500-metre, 1…
NEWS IN BRIEF (February 24, 1997)
Consolidated McKinney Resources (CKY-V) has changed its name to Aztek Technologies (AZT-V) on a 1-new-for-5-old-share basis.
“We found too much gold” — Freeport-McMoRan to develop Busang, Bre-X retains 45% interest
The open bidding process had been going on all the time.Freeport-McMoRan Copper & Gold (FCX-N) will be the developer of the Busang gold project in northeastern Kalimantan, Indonesia, following an agre…