MOST ACTIVE ISSUES (July 14, 1997)
ExchgVol(000s)ClosePlacer DomeT1301920.10Barrick GoldT…
1997
Iscor looks to S.E. Asia
A unit of Iscor, a major South African steel and mining company, plans to acquire 2.4 million shares of Omax Resources (OXR-V).The purchase is part of Iscor’s strategy to grow by taking on internation…
TSE INDICES (July 14, 1997)
1997July 8July 7July 4July 3July 2HighLowComposit…
TSE SHORTS (July 14, 1997)
Short positions outstanding at June 30, 1997Larger individual positions included: Abacan Resources 139,603, down 128,097; Antares Mining & Expl 158,400; Ariel Resources 67,170, up 67, 170; Asia Pacifi…
Magadan region to consolidate mines — Government assumes more active role in making deals
The government of northeastern Russia’s Magadan region is attempting to consolidate some of its gold mining industryThe government has reached a deal with Severovostokzoloto, the firm once responsible…
DIAMOND NEWS ROUNDUP — Caldera discovers macro in Australia
A macrodiamond has been recovered from a drill program at the Abminga kimberlite field in South Australia.Operator Caldera Resources (CDR-M) says the discovery was made in a small drill-Core sample th…
Troymin drills Hawk Ridge project
Calgary-based Troymin Resources (TYR-M) has initiated a sizable drill program at the Hawk Ridge copper-Nickel project in northern Quebec.The company has budgeted $1.5 million for 3,500 metres of drill…
Laramide drills test new zone
The latest round of drilling by Laramide Resources (LAM-T) is testing a newly discovered zone at the Cerro Colorado gold project in Mexico’s Sonora state.Six of nine recent holes intersected mineraliz…
Dakota pours gold at Illinois Creek mine
Following a winter season marked by corporate change, the Illinois Creek gold mine in west-Central Alaska has poured its first gold bar. The mine, situated 325 miles northwest of Anchorage, experience…
Sulliden explores near Nugget Pond
Sulliden Exploration (SUE-M) has begun the second phase of exploration at its Red Cliff Pond-Long Pond project on Newfoundland’s Baie Verte Peninsula.The project area is adjacent to the recently opene…
Canuc, Placer ink Ecuadoran deal
Toronto-based Canuc Resources (CANC-C) has entered into a joint-Venture agreement with Placer Dome (PDG-T) to explore and develop the Nambija gold deposit in southeastern Ecuador.Under the agreement, …
DIAMOND NEWS ROUNDUP — Kennecott delays Candle Lake drilling
At the Candle Lake joint venture in the Fort la Corne area of Saskatchewan, Kennecott Canada has suspended a 25-Tonne program of mini-bulk sampling on kimberlite C29/30 until a larger drill rig can be…