Infill drilling adds to Agua Rica
The latest results from infill drilling are adding more promise to the Agua Rica porphyry copper deposit in Argentina.Situated in Catamarca province, the project is a joint venture between Northern Or…
1997
STOCK MARKETS — Gold’s slide doesn’t faze TSE
Seven consecutive winning days pushed the Toronto Stock Exchange’s composite 300 index beyond the 6,100 mark for the first time ever during the Jan. 15-21 trading period. The index hit record highs on…
Placer gains majority stake in Highlands Gold
Gold giant Placer Dome (PDG-T) now owns more than 58% of the shares of Highlands Gold, a Papua New Guinean mining company”We have received a high level of acceptances and are happy with the outcome of…
Chivor resumes development work at Colombia’s Oriente emerald mine
Following a short holiday break, Chivor Emeralds (CHIV.U-C) has resumed operations at its Oriente emerald mine in the Chivor district of Colombia.Chivor has an 80% interest in the mine and is concentr…
Timbuktu Gold set to drill in Mali
Drilling at Timbuktu Gold’s (TBT-A) Sitakili gold concession in Mali is set to begin, while a meeting to change the company’s name has been postponed.The Calgary-based junior has contracted Boart Long…
SPOT PRICES AT A GLANCE (January 20, 1997)
Wednesday, January 15, 1996Price (US)Week’s ChangeGold*$352.45- $3.35Silver*$ 4.65…
PEOPLE — SHORE GOLD (January 20, 1997)
Edward Schiller appointed director.
PEOPLE — STARPOINT GOLDFIELDS (January 20, 1997)
Rafik Rashul appointed vice-president of Angolan operations.
Altavista drills gold at Santa Anna
Montreal-based Altavista Mines (AIA-M) has announced encouraging drill results from its Santa Anna gold property, 15 km southwest of La Sarre, Que.The new structure, called Zone 8, was first intersect…
Joutel discovers gold prospect at Christina
Surface sampling by Joutel Resources (JTL-T) has uncovered a new gold zone on the Christina property in the Sierra Maestra region of southeastern Cuba.The new structure has an overall length of 114.4 …
Rio Algom discovers copper in Chilean desert
Bypassing the roundabout, acquisitive route followed by most major mining companies, Rio Algom (ROM-T) has made its own substantial grassroots discovery in Chile.The company has outlined a large coppe…
Kazakstan turns down proposal
The government of Kazakstan has rejected a proposal made by Teck (TEK-T) and First Dynasty Mines (FDM-T) to develop the Vasilkovskoye gold deposit.Situated in the country’s northern region, the deposi…