Sunshine reports bright quarterly output
Sunshine Mining & Refining (SSC-N) posted its second consecutive quarter of record production at its namesake mine in northern Idaho.In the first three months of 1997, Sunshine cranked out 901,000 oz….
1997
Greatest Value Traded April 2-8
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Ventures adds to Alaskan holdings
Ventures Resource (VRS-V) is expanding its holdings in the Donlin Creek area of west-Central Alaska.The junior and two majors, Placer Dome (PDG-T) and Cominco (CLT-T), are rapidly acquiring land follo…
GEOLOGY 101 — Epithermal deposits, Part 2
Epithermal gold deposits, which contribute significantly to the world’s gold supply, are an important exploration target which must be evaluated carefully based on the amount of metal they might provi…
Santa Fe, Newmont set date for merger vote
Shareholders of Santa Fe Pacific Gold (GLD-N) will meet in a special meeting on May 5 in Albuquerque, N.M., to discuss a proposed merger with Newmont Mining (NEM-N).Newmont and its 91%-owned subsidiar…
NovaWest options Raglan properties
Vancouver-based NovaWest Resources (NVE-V) is optioning five additional properties in the Raglan nickel-Copper-platinum camp on the Ungava peninsula of northern Quebec.The newly acquired properties co…
Sur American Gold postpones $8.5-Million financing
Sur American Gold (SUR-A) has postponed its recently announced $8.55-Million financing in light of the ongoing market turmoil surrounding Bre-X Minerals (BXM-T).The financing, along with $2.4 million …
Houston Lake extends gold zone at Dogpaw Lake — Junior company options formerly producing Arrow and Vimy mines
Drilling on the Dogpaw Lake property in northwestern Ontario has enabled Houston Lake Mining (HLM-A) to more than double the known strike length of gold mineralization.Houston Lake holds an option to …
Cons. Callinan returns mixed results from Lynn Lake
Diamond drilling at the Lynn Lake property near Flin Flon, Man., has returned lower gold grades and higher base metal values than previous intercepts.The assays also confirmed the continuity of minera…
Southern Peru gets funds for expansion
Having arranged a multi-Million-dollar loan, Southern Peru Copper (PCU-N) is embarking on a program aimed at expanding and modifying its operations.The first stage in the project calls for expansion o…
Digger drills core at Copperhead gold project — Sister company Cepeda also drilling in Carolinas
The coastal plain of North Carolina is giving up a few of its secrets now that Digger Resources (DIG-V) has begun core drilling at the Copperhead gold project.Since 1996, when drilling began, Digger h…
Friedland sues United States — Former mine owner seeking damages
The first wayward trickle from the ill-fated Summitville gold mine led to a flood of environmental and legal controversy — and it’s not over yet.Canadian lawyers representing Robert Friedland (inset)…