Darnley explores on Arctic coast
Newly listed Darnley Bay Resources (DBRL-C) plans to drill-test the Darnley Bay anomaly, on the Arctic coast in the Northwest Territories.The Toronto-based company has completed its initial public off…
1997
Teck hits nickel in Labrador — High grades found south of Voisey’s Bay
Teck (TEK-T) has hit a narrow, yet rich, nickel-copper cobalt intersection on a Labrador property shared equally by Donner Resources (DRZ-V) and Northern Abitibi Mining (NAI-A).The property is roughly…
Cominco drilling expands zone at Red Dog
Exploration drilling at Cominco’s (CLT-T) Red Dog zinc mine in northern Alaska has expanded a partially defined mineralized zone that was discovered in 1996, immediately north of the Aqqaluk deposit.S…
SPOT PRICES (October 27, 1997)
Wednesday, October 21, 1997Price (US)Week’s ChangeGold*$322.70- $2.90Silver*$ 4.97…
Akrokeri begins work on Jeni
Akrokeri-Ashanti Gold Mines (AAGM-C) has begun a trenching program on the Jeni property in Ghana’s Ashanti region.The program, which follows three weeks of site preparation, is designed to investigate…
LATIN AMERICA — Solitario drills prospects
Drilling by Solitario Resources (SLR-T) has intersected narrow intervals of high-grade gold mineralization at the Canada Onda prospect in Argentina.The Denver-based company said high-grade gold was in…
W Pacific tests zone at Ofi Creek
The first hole drilled by Western Pacific Gold (WPI-A) has returned 297 metres grading 0.35% copper and 0.32 gram gold per tonne, including 100 metres of 0.61% copper and 0.59 gram gold, from the Ofi …
LATIN AMERICA — Peruvian court examines Yanacocha
The Supreme Court of Peru has notified Newmont Gold (NGC-N) and Buenaventura (BVN-N) that it will examine a lower court’s decision concerning ownership rights to the Minera Yanacocha, the largest gold…
Conference to shed light on Russia, republics
A conference providing an overview of the Russian mining industry will be held from Oct. 28 to 29 at the Sheraton Centre in Toronto.Entitled “Mining in Russia and the Commonwealth States,” the confere…
DIAMOND PAGE — SouthernEra recovers diamonds
High-value diamonds are flowing from the Luo fluvial diamond operation, reports SouthernEra Resources (SUF-T).SouthernEra receives 10% of the net profit from the Angolan operation, and 35% of the prof…
LATIN AMERICA — First Point options property in Honduras
Vancouver-based First Point Minerals (FPX-A) is preparing to explore the recently acquired Cedros silver-lead-zinc property near Tegucigalpa, Honduras.The junior can earn a 100% interest in the 59-sq….
LATIN AMERICA — Wheaton buys Bellavista gold project
The Bellavista gold project in Costa Rica has been acquired by Wheaton River Minerals (WRM-T), which now plans to complete a bankable feasibility study by late 1998.Past operators have spent US$15 mil…