Tale of the tape at Busang
Bre-X Minerals disclosed these drill hole results from due-diligence investigations by Freeport-McMoRan at the Busang gold project:HoleInterval(m)Bre-X Go…
1997
PEOPLE — ABSTRACT ENTERPRISES (April 07, 1997)
Mohamed Verjee and Karim Nanji appointed directors.
SPOT PRICES AT A GLANCE (April 07, 1997)
Wednesday, April 2, 1997Price (US)Week’s ChangeGold*$350.70+ $3.90Silver*$ 4.98…
LATIN AMERICA — Impact starts exploration program at Eagle Mountain
A follow-up exploration program by Impact Minerals (IPT-V) is testing the Eagle Mountain gold property, some 45 km from Cambior’s Omai gold mine in central Guyana.The program is being funded by Calgar…
LATIN AMERICA — Junior eyes Mexican project
Toronto-based Breckenridge Minerals (BREK-C) has signed a joint-Venture agreement allowing an Ontario numbered company to earn a 25% interest in the Palmarejo silver project in Chihuahua state, Mexico…
LATIN AMERICA — Fremont to step up drilling in Chile
Vancouver-based Fremont Gold (FGLD-Q.OTC) is encouraged by results from preliminary drilling on the Resguardo gold project in northern Chile.Highlights include: hole 97-3, which encountered 21 metres …
Eastfield to transfer Canadian assets
Eastfield Resources (ETF-V) plans to spin off its Canadian properties into a new company.Under the plan, shareholders will exchange one Eastfield share for one New Eastfield share and one share in the…
BYG to buy YGC from Wheaton River Minerals
Whitehorse, Y.T.-based BYG Natural Resources (BYG-T) plans to acquire a controlling position in Vancouver-based YGC Resources (YGC-V) for $2.3 million.The deal would see BYG acquire Wheaton River Mine…
EDITORIAL PAGE — Tackling corruption
Doing business in foreign countries has placed some North American mining companies face-to-face with the problem of how to secure promising projects without taking part in the corrupt business practi…
THE DIAMOND PAGE — DiamondWorks starts mining in Angola
DiamondWorks (DMW-V) has begun mining alluvial diamonds at its Luo project in Angola, following the commissioning of a 120-tonne-per-hour floating dredge.The dredge, airlifted in from South Africa, be…
THE DIAMOND PAGE — Redaurum develops South African mine
The Rooiberg alluvial diamond project of Redaurum (RRK-T) is on its way to minehood.The company has applied to the South African government for a licence to develop its 4,300-ha Rooiberg property, whe…
STOCK MARKETS — Sluggish VSE index drags miners down
The Vancouver Stock Exchange composite index continued its downward trend over the report period ended March 25, dragging many mining issues with it.The index lost 60 points to finish at 1,265.7. The …