Who owns what at Busang
Ownership of the Busang gold projects, under the development agreement approved by the Indonesian government on Feb. 18, has been broken down as follows:BUSANG II — (SOUTHEAST)Company…
1997
Coeur d’Alene eyes gold producer
An option agreement sets the stage for Coeur d’Alene Mines (CDE-N) to acquire a producing gold mine next to its El Bronce operation in northern Chile.In the meantime, the company is buying ore from th…
Exall extracts bulk sample
Exall Resources (EXL-T) has completed an exploration ramp at the Glimmer gold mine near Matheson, Ont., and is now excavating an underground bulk sample.Exall holds a 65.53% interest in the project, w…
Thunderwood sets to work at Radar property
Toronto-based juniors Thunderwood Resources (THS-T) and Consolidated Abitibi Resources (CAQ-M) have launched their 1997 exploration program at the 3,378-ha copper-zinc-gold Radar prospect near Flin Fl…
COMMENTARY — Cobalt demand to rise
World demand for cobalt could increase to about 28,000 tonnes per year in 2000, up from 23,500 tonnes in 1995. This demand should remain stable, and could increase further if the price of cobalt remai…
GREATEST VALUE TRADED, Feb. 12-18
ExchgValue($000s)CloseBre-X MnrlsT62502620.80Barrick GoldT…
ODDS’N’SODS — Wild goose chase
Ontario’s Red Lake gold camp was booming in 1936.No fewer than 12 new mine shafts were being sunk that year, causing the town’s population to double within a short period. At the time, Placer Dome’s C…
THE DIAMOND PAGE — Partners find more kimberlites at Buffalo Hills
Diamond-hunters Ashton Mining of Canada (ACA-T) and Pure Gold Resources (PUG-T) have discovered two new kimberlites in the Buffalo Hills area of north-central Alberta, bringing to seven the number fou…
MacDonald starts drilling at Golden Hill in Cuba
While exploration continues on its Florencia concession in Cuba, MacDonald Mines Exploration (MMP.A-A) has begun drilling its nearby Golden Hill property in order to calculate a resource estimate for …
Altavista finds new gold zone at Santa Anna property
Junior Altavista Mines (AIA-M) has discovered another gold-bearing structure at its Santa Anna property, 15 km southwest of La Sarre in northwestern Quebec.The new discovery, called Zone 10, is 100 me…
Prospectors Alliance sizes up Alder Pond base metal property
Diamond drilling by Prospectors Alliance (PALL-C) continues to generate positive results from the Alder Pond base metal property in northern Maine.A drill program is delineating the flat-lying, northe…
LITERATURE REVIEW — Echo Bay writes down past to focus on its mining future
The writeoff of the Alaska-Juneau gold project took its toll on the 1996 earnings of Colorado-based gold producer Echo Bay Mines (ECO-T).The company reported a net loss of US$69.6 million before speci…