Indo outlines base metal lens
Indo Metals (IOM-V) has outlined a lens of high-gradecopper-lead-zinc-silver mineralization on its Wai Ira prospect on Haruku Island, Indonesia.Indo Metals can acquire 49% of Ingold Holding’s 80-to-85…
1997
Ashanti drilling in Niger
Ashanti Goldfields (ASL-N) has begun drilling on the Nassile gold concession in Niger.The 9,000-metre program is designed to test the Tampena geochemical anomaly, situated in the southwestern portion …
METAL PRICES — Daily Metal Prices (December 22, 1997)
BASE METALS (London Metal Exchange-Midday bid/ask prices in US$ per tonne)DateDec.16Dec.15Dec.12Dec.11Dec.10…
TORONTO STOCK EXCHANGE INDICES (December 22, 1997)
1997Dec.16Dec.15Dec.12Dec.11Dec.10HighLowComposit…
Uranium sales talks suspended
Talks among the Russian Ministry of Atomic Energy, Canadian uranium producer Cameco (CCO-T) and U.S. uranium dealer Nukem have been suspended, jeopardizing a deal under which the Western companies wou…
Oro merges with Minpro
Junior explorer Oro Blanco Resources (ORBL-C) and privately owned Minpro, a mining and waste management company, are merging to form a new company named Amalco.Under the proposal, which is still subje…
Cobalt conference set for early 1998
A conference focusing on cobalt will be held from Jan. 26-28 at the Palm Beach Hilton Hotel in Palm Beach, Fla.Entitled “Cobalt ’98: The Outlook for Cobalt in an Era of New Sources of Supply, New High…
Teck, MM Gold pull out of Masao 13 NEWS IN BRIEF
Teck (TEK-T) and Australian producer MM Gold have scrapped a proposal to explore jointly the Masao gold project of South Pacific Resources (SHF-A) in Kalimantan, Indonesia.Teck and MM Gold decided aga…
Terrorists bomb Greek government office — Protest against TVX Olympias project injures police officer
Saying it was protesting plans by TVX Gold (TVX-T) to develop the Olympias gold project in northern Greece, a terrorist faction called the Fighting Guerrilla Formation exploded a bomb at the office of…
Naneco eyes Chinese prospect
Naneco Minerals (NNE-A) can acquire a 70% interest in a lead-zinc-silver mine in northern China if its takeover of a private Canadian firm proceeds as planned.The company is set to acquire British Col…
Companies (December 22, 1997)
Altavista MinesAlto MineralsArmada GoldAshanti GoldfieldsAtlasAtna ResourcesAuspex MineralsBreakwater ResourcesCamecoComincoConsolidated Brightwork ResourcesCumberland ResourcesDonner MineralsEagle Pl…
Tombstone acquiring Grassy Mtn.
Tombstone Explorations (TSO-T) is acquiring the Grassy Mountain gold project in southeastern Oregon from Atlas (AZ-N).The hot springs-style gold deposit is estimated to contain a measured and indicate…