PEOPLE — RODERA DIAMOND (December 22, 1997)
Derek Huston appointed president.
1997
STOCK MARKETS — Gold issues heat up on a cool TSE — Broad market moves lower, led by base metal miners
The Toronto Stock Exchange fell 199.56 points over the trading period Dec.10-16, closing at 6,567.43 as the mining stocks and the conglomerates headed southward in moderate-to-heavy trading; but for a…
TSE Short Positions (December 22, 1997)
Short position outstanding at November 30, 1997Larger individual positions include: Athabaska Gold 125,000, up 125,000; Barrick Gold 11,179,390, down 551,576; Campbell Resources 4,168,578; Echo Bay 85…
Altavista raises funds for Santa Anna drilling
Altavista Mines (AIA-M) has raised a total of $829,000 to finance the latest phase of drilling at its Santa Anna gold project in northwestern Quebec.Altavista closed on an initial $429,000 of a $650,0…
Miner reps to speak at CIM student night
The Bre-X Minerals fraud will be the topic of discussion at a special meeting of the Canadian Institute of Mining, Metallurgy and Petroleum, to be held Jan. 15 at Toronto’s Ontario Club.The discussion…
Armada secures funds for Erdmin project
Armada Gold (AAU-T) has secured financing to continue its expansion of the Erdmin copper plant in Mongolia.The second phase of the expansion is designed to boost daily copper output to 60 from 10 tonn…
Sulliden hits more copper-gold in Peru
Sulliden Exploration (SUE-M) has intersected additional porphyry copper-gold mineralization at its Peruvian project known as Las Huaquillas.In the San Antonio zone, diamond drill hole 17 intersected 1…
Voisey’s Bay EIS submitted to government
Inco (N-T) subsidiary Voisey’s Bay Nickel has submitted its environmental impact statement (EIS) for the Voisey’s Bay mine in Labrador.The company expects the environmental review and approval process…
Viceroy options property
in Yukon mining districtViceroy Resource (VOY-T) has inked a deal with Eagle Plains Resources (epl-a) and Miner River Resources (MRG-G) whereby it can earn a 70% interest in the 29-claim McQuesten pro…
Oro merges with Minpro
Junior explorer Oro Blanco Resources (ORBL-C) and privately owned Minpro, a mining and waste management company, are merging to form a new company named Amalco.Under the proposal, which is still subje…
Cobalt conference set for early 1998
A conference focusing on cobalt will be held from Jan. 26-28 at the Palm Beach Hilton Hotel in Palm Beach, Fla.Entitled “Cobalt ’98: The Outlook for Cobalt in an Era of New Sources of Supply, New High…
Naneco eyes Chinese prospect
Naneco Minerals (NNE-A) can acquire a 70% interest in a lead-zinc-silver mine in northern China if its takeover of a private Canadian firm proceeds as planned.The company is set to acquire British Col…