Ursa turns drills at Nirinsk
Preliminary drilling and trenching by Ursa Major International (urs-t) are assessing two soil anomalies on the Nirinsk property in central Kazakstan.The anomalies are seen as potential open-pit gold d…
1997
INVESTMENT COMMENTARY — Lluvia de Oro adds upside to Santa Cruz
Mining analysts love turnaround stories, as do many investors who hope to catch companies on the rebound from the rocky transition from exploration to production. One recent example is Santa Cruz Gold…
Diverse portfolio keeps Placer busy — Major is on track to produce 2.4 million oz. in ’97
Despite significantly lower gold prices, Placer Dome (PDG-T) continued to achieve positive results during the third quarter.The major earned US$11 million (or 3 cents per share) on sales revenue of US…
Cyprus gives go-ahead for Cerro Negro
Cyprus Amax Minerals (CYM-N) will proceed with the development of the Cerro Negro copper project, adjacent to its Cerro Verde copper mine in southern Peru.The projected cost of developing Cerro Negro,…
Bolivar takes on Monarch in legal fight
Bolivar Goldfields (BVG-T) has filed a notice of action in an Ontario court against Monarch Resources (MRE-T) in an attempt to hold the latter to its agreement to sell its Venezuelan assets.Among thos…
South Pacific forms JV with Teck, MM
Teck (TEK-T) and Australian-based MM Gold, a subsidiary of Meekathara Minerals, will join forces with South Pacific Resources (SHF-A) to explore two gold projects in Kalimantan, Indonesia.South Pacifi…
Westmin options Vizcachitas
Westmin Resources (WMI-T) is acquiring the right to earn a 51% interest in the Vizcachitas copper porphyry project in central Chile from Denver-based General Minerals (GNM-T).Westmin will be required …
Reunion Mining, Rift Res. explore gold potential of Silobela project in southeastern Africa
Rift Resources (RIF-V) and its United Kingdom-based partner, Reunion Mining, have begun a 25-hole program of percussion drilling on the Silobela gold project in Zimbabwe.The drilling is focused on fou…
Oliver has change of heart over Malian projects
Oliver Gold (OGO-V) has had second thoughts about selling its interests in Malian gold properties.The Vancouver-based junior was prepared to sell it interests in the western African country (T.N.M., N…
Viceroy Res. ends third quarter in black
Gold producer Viceroy Resource (voy-t) earned $3.5 million (or 7 cents per share) on revenue of $29.8 million in the third quarter.Those numbers mark a significant improvment over the $38.1-million lo…
Ivanhoe wins bid for Chambishi mine
Privately owned Ivanhoe Capital has been awarded a contract to reopen the Chambishi copper mine in Zambia.The company will become the joint-venture partner of Zambia Consolidated Copper Mines (ZCCM), …
DIAMOND PAGE — Treatment plant nears completion at Klipspringer
Design work on the 100-tonne-per-day kimberlite treatment plant on the Klipspringer project in South Africa’s Northern Transvaal Procince is well-advanced and on track for completion in early December…