Echo Bay signs deal with Falcon
A land package situated in the heart of Ontario’s Timmins mining camp has caught the eye of Denver-based Echo Bay Mines (ECO-T).The senior gold producer recently signed an option agreement allowing it…
News
Redfern awaits mine approval
Management of Redfern Resources (RFR-T) expects a project approval certificate to be issued early next year for its Tulsequah Chief massive sulphide project in northwestern British Columbia.The compan…
Production at Kumtor outpaces expectations of Cameco, government
Output at the Kumtor gold mine in Kyrgyzstan topped 13.2 tonnes of gold as of November 1997, and is on target to produce 14.5 tonnes for its first 13 months of operation.Production at the mine, which …
Homestake set to acquire Plutonic
T’is the season for bargains, thanks to low gold prices, and Homestake Mining (HM-N) has been out doing some last-minute Christmas shopping in Australia. The company has announced that it intends to a…
GOLD FUNDS (December 29, 1997)
Gold Funds as of December 18, 1997BGRCentralNet Value$14.70$6.12Price$10.05…
Jordex shifts from nickel
Weak nickel markets have prompted Jordex Resources (JDX-T) to cease funding its minority stake in the Loma de Niquel nickel project in Venezeula.The company says increases in capital costs and financi…
Kit, Inmet extend agreement
Kit Resources (KIT-T) and Inmet Mining (IMN-T) have extended the deadline for a letter-of-intent agreement that will see the former purchase the latter’s Izok Lake polymetallic property in the Bathurs…
Platexco hits PGM at Winnaarshoek
A drill program by Platexco (PGMI-C) at its Winnaarshoek property in South Africa’s Bushveld complex has returned numerous intercepts bearing platinum group metals (PGM).The 9-hole program was underta…
Arian boosts Julietta stake
The slump in gold prices is not curtailing the efforts of Arian Resources (ARA.U-T) to arrange production financing for the Julietta gold-silver project in the Madagan region of the Russian Far East.H…
Cross Lake pulls more copper, zinc values
New drill results from the Sheraton-Timmins project of Cross Lake Minerals (CRN-V) in northeastern Ontario’s Sheraton Twp., indicate a wide package of mineralized zones along a strike length of about …
Teck and Western Copper hit more sulphides in Mexico
Drilling on the San Nicolas volcanogenic massive sulphide discovery in central Mexico has wound down for the Christmas holidays.The project is part of the El Salvador joint venture situated in Zacatec…
Glimmer achieves commercial production
Company officials and visitors examine core from the Glimmer mine.New Year’s Day 1998 will mark the start of official production for the Glimmer mine project in northeastern Ontario.Operator Exall Res…