Gold system found at Las Flechas in Argentina
Drilling at the northwestern Argentine project known as Las Flechas may have encountered the edge of a large, high-sulphidation, epithermal gold-bearing system.Comprising 30,229 ha in the Andes, the p…
1997
ASIAN EXPLORATION — Cameco Gold forms alliance with Menzies Gold
Cameco Gold, a wholly owned subsidiary of Cameco (CCO-T), is zeroing in on gold exploration opportunities in Southeast Asia by forging an alliance with Menzies Gold (MZG-AUS) of Australia.The two comp…
DIAMOND PAGE — Ashton to drill Mountain Ash
A drill program by Australian-based Ashton Mining will test the Mountain Ash diamond project in South Africa.The project is a joint venture held 51% by Ashton and 49% by Mountain Lake Resources (MOA-V…
TORONTO STOCK EXCHANGE INDICES (May 26, 1997)
1997May 20May 19May 16May 15May 14HighLowComposit…
Flooding hampers development at Caribou
An inflow of water has temporarily halted development work at the Caribou polymetallic mine in New Brunswick.Breakwater Resources (BWR-T) reports that water entered the former producer from a nearby o…
Tenke signs deal with Zairian rebels
Despite the recent political upheaval in the former Zaire, Tenke Mining (TNK-T) has secured its rights to one of the largest, undeveloped copper deposits in the Central African nation.The company rece…
PRODUCER AND DEALER PRICES (May 26, 1997)
Aluminium: LME settlements US$1,621 per tonne, alloy $1,475 per tonne (May 20/97).Antimony: Composite free market, US$2,220 per tonne (May 20/97).Bismuth: Composite free market US$3.30 per lb. (May 20…
Greenstone confirms gold at Crimea project
Definition drilling by Toronto-based Greenstone Resources (GRE-T) has confirmed the existence of a significant gold find at the Crimea prospect within the company’s wholly owned Libertad concession in…
Cambior exercises option at La Granja — Reports $3.1-Million profit for first quarter
Montreal-based Cambior (CBJ-T) is exercising its option to acquire the Peruvian copper deposit known as La Granja.In accordance with the 1994 option agreement with state-owned Minera Peru, Cambior has…
Wheaton to resume mining at Golden Bear — Hedging program clears a path
The completion of a hedging program has paved the way for Wheaton River Minerals (WRM-T) to blast the first round in the pit at the Golden Bear gold mine, in northwestern British Columbia.The junior, …
Gold price weakens performance of Royal Oak
Royal Oak Mines (RYO-T) reported a first-quarter loss of $8.1 million, compared with earnings of $1.4 million for the same period last year.Gold production for the first three months of the year total…
MSV options Corner Bay project
Montreal-based MSV Resources (MSV-T) is entering into an option agreement with Toronto-based Sikaman Gold Resources (SKG-T) for a 50% interest in MSV’s Corner Bay copper project, situated 56 km south …