Canarc cuts gold at Polaris Taku mine in B.C.
Canarc Resource (CCM-T) has intersected new gold mineralization at its Polaris Taku property in northwestern British Columbia.Results from the first 24 holes of an ongoing 200-hole program include bro…
1997
Canadian Mining Hall of Fame opens doors to six new members
Leaders, pioneers and visionaries — these are but a few of the words that apply to the six men recently inducted into the Canadian Mining Hall of Fame.Their contributions to Canadian industry include…
NEWS IN BRIEF (February 03, 1997)
Big Bear Oil & Gas (BIG-V) has changed its name to Renata Resources (RTA-V).
AFRICA SPECIAL — Orezone and Geomaque eye gold potential of Burkina Faso
Exploration by partners Orezone Resources (ORZ-M) and Geomaque Explorations (GEO-T) is well under way at the Intidougou gold property in southwestern Burkina Faso.Each of the companies holds a 37.5% i…
AFRICA SPECIAL — Auspex completes acquisition of Koulbaga permit in Niger
An exploration program, including drilling, will be carried out by Auspex Minerals (APJ-V) on the Koulbaga concession in Niger, West Africa.The company recently increased its interest in the gold conc…
AFRICA SPECIAL — Patrician to explore Ghanaian gold properties
Proceeds from a private placement by Patrician Gold Mines (PXX-A) will go towards exploration programs on the Goaso and Homasi gold properties in Ghana.The junior raised $400,000 through a deal in whi…
STOCK MARKETS — VSE snoozes through the week
The Vancouver Stock Exchange composite index remained flat over the report period ended Jan. 21, up just 3.98 points at 1,195. The resource index closed down 20.22 points to 2,244.53.Mar-West Resource…
Geomaque and Milagro settle merger dispute
Tussling juniors Geomaque Explorations (GEO-T) and Milagro Minerals have settled their differences and completed their merger.Geomaque had balked at merging until outstanding legal issues regarding th…
Holmer hits Cuban massive sulphides
Drilling by Holmer Gold Mines (HGM-A) at its San Fernando concession in central Cuba has confirmed the presence of a massive sulphide deposit.The Toronto-based company drilled three follow-up holes wi…
Wheaton River arranges financing
After experiencing frustration in its attempts to obtain permits and financial backing, Wheaton River Minerals (WRM-T) has secured financing for its Golden Bear heap-leach project in northwestern Brit…
Hemlo prospector appointed to the Order of Canada
Donald McKinnon, who helped identify, stake and promote the gigantic Hemlo gold deposit in north-central Ontario in the early 1980s, has been appointed to the Order of Canada.Born in Cochrane, Ont., i…
Spot prices at a glance (January 27, 1997)
Wednesday, January 22, 1997Price (US)Week’s ChangeGold*$350.10- $2.35Silver*$ 4.70…