Companies (December 15, 1997)
Adrian ResourcesAGC Americas GoldAgnico Eagle MinesAlto MineralsAmax GoldAmbrex MiningAntares Mining and ExplorationAnvil RangeArmada GoldAtna ResourcesAurizon MinesBand-Ore ResourcesBanro ResourcesBa…
1997
Northern Crown sizes up asset — Prefeasibility study estimates resource for Guadalupe de los Reyes
In a prefeasibility study, Northern Crown Mines (NCW-T) estimates its Guadalupe de los Reyes project in western Mexico contains a total of 12.1 million tonnes grading 1.94 grams gold and 40.7 grams si…
Fairmile expands Buffalo Valley resource — Echo Bay monitoring drill program at Nevada property
Fairmile Gold (FLA-A) has reported encouraging results from a reconnaissance drilling program at its Buffalo Valley gold project in Nevada’s Battle Mountain trend.Reconnaissance drilling expanded, fro…
Alto, Noront hit sulphides
Partners Noront Resources (NOT-V) and Alto Minerals (ATO-V) have intersected sulphides in two holes on their Windfall property, near Lebel-sur-Quvillon, in northwestern Quebec.Collared on a surface sh…
COMMENTARY — B.C.’s plan for the future
British Columbia’s mining industry has developed a proposal called Mining Jobs 2000, a plan whereby government and industry work together to achieve the goal of meaningful job creation.The government’…
GOLD FUNDS (December 15, 1997)
Gold Funds as of December 4, 1997BGRCentralNetValue$14.71$5.73Price$ 9.70…
FACTS ‘N’ FIGURES — Palladium demand on rise
Supplies of palladium in 1997 stand at 5.65 million oz., well short of the demand of 7.44 million oz., according to a report published by London-based metals trader Johnson Matthey.The study, entitled…
Armenian moly producer searching for partner
Armenia’s molybdenum industry is on the rebound , and the country’s largest producer is seeking a foreign partner to help finance and build a new processing plant.Moly in the country is produced chief…
Survey business about more than money
On November 28, the banks placed Aerodat, a well-known airborne geophysical surveying firm, into receivership. The extent of the damage to our industry was far-reaching in that people are out of work,…
Plant boosts Armada revenue
Copper sales of $3 million from the Erdenet joint venture in northern Mongolia have boosted revenue for Armada Gold (AAU-T).Armada, which owns 49% of the project, generated $3.6 million in revenue dur…
Phelps Dodge bids for Cobre
Its formal bid now on the table, copper colossus Phelps Dodge (PD-N) is waging a public campaign for control of up-and-coming producer Cobre Mining (CBU-T).Early in November, Phelps Dodge caught Albuq…
DIAMOND PAGE — Messina Diamond reports loss
Messina Diamond (MSC.U-T) reported a loss of US$3 million in the 10-month period ended Sept. 30, despite the third-quarter sale of two diamonds weighing together more than 54 carats.Revenues from the …