Mid-North reports find at Lynn Lake
Partners Mid-North Resources (MNU-A) and Consolidated Callinan Flin Flon Mines (CFF-V) have intersected gold mineralization while testing a geophysical conductor on their Lynn Lake property in Manitob…
1997
Etruscan boosts stake in Tiawa
A recent agreement has allowed Etruscan Enterprises (EET-V) to buy the remaining 44% of the shares of African GeoMin not already held by the company.African GeoMin holds the exploration permit for the…
THE DIAMOND PAGE — Dia Met forms Venezuelan partnership for alluvial property
Dia Met Minerals (DMM-T) is forming a joint venture in Venezuela to look for the hard rock source of diamonds on an alluvial property there.The Kelowna, B.C.-based company will join forces with the Ve…
STOCK MARKETS — Gold stocks gain ground in steady market
The Toronto Stock Exchange was fractionally higher over the trading period Feb. 19-25, as the gold stocks staged a strong recovery. The TSE 300 composite index closed at 6,247.78 on Feb. 25, up 9.56 p…
Sale of assets helped Westmin in ’96
A one-time gain of $62.7 million from the sale of coal assets enabled Westmin Resources (WMI-T) to post net income of $21.3 million for 1996 on revenue of $100.8 million.By comparison, the company ear…
Queenstake Res. arranges private placement
Queenstake Resources (QTR-T) will use the proceeds from a $16.4-million private placement to fund exploration and development of its properties in Chile, and elsewhere in Latin America.The financing c…
Link confirms silver-gold veins
Drilling on Link Minerals’ (LMVL-C) Hombre Libre concession in Honduras has confirmed the existence of vein-hosted silver-gold mineralization.The 18-hole program tested three separate target areas — …
Uranium Resources boosts earnings
The improved uranium market enabled Uranium Resources (URIX-Q) to report net earnings of US$262,000 for its 1996 fourth quarter, compared with a loss of US$41,000 for the same period a year earlier.Th…
Copperstone drills at Lucifer
Drills are turning on the Lucifer concession in Baja California Sur, Mexico.Copperstone Resources (CPP-V) is earning an 80% interest in the project from Island-Arc Resources (IAR-V).The 1,500-metre, 1…
Toronto Stock Exchange Indices (February 24, 1997)
1997Feb 18Feb 17Feb 14Feb 13Feb 12HighLowComposit…
Corriente finances Peruvian programs
Corriente Resources (CTQ-T) will use proceeds from a $20-million brokered private placement to fund exploration in Peru and Argentina.The company closed a private placement of 1.5 million special warr…
Loubel cuts more copper at Queylus
Junior Loubel Exploration (LBX-M) has drilled a new copper intersection on its Queylus property near Chibougamau, Que.Hole 5, drilled over a 3-km-long induced-polarization conductor inside a granitic …