Oliver leaves Mali for Zimbabwe
Junior gold explorer Oliver Gold (OGO-V) has sold its mineral rights in Mali, including its half interest in the Segala deposit, and is taking its business to Zimbabwe.Oliver sold its rights to proper…
News
Teck backs Gabriel in Romania
Gabriel Resources (GBU-V) and Teck have signed an agreement that will enable Gabriel to explore and develop projects in Romania.The Vancouver-based major has agreed to invest $1.2 million and provide …
Index (November 03, 1997)
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Rex cuts costs in South Africa
Rex Diamond Mining (RXD-T) has taken steps to rationalize its South African assets.The company will acquire all the diamond mining properties, including the Ardo and Rex mines, of subsidiary Carrig Di…
Study shows potential at Armada’s Baley
An independent feasibility study shows that Armada Gold (AAU-T) is on the road to profitability at its Baley project in southeastern Russia.Armada, through its Russian subsidiary, has an 85% interest …
LME WHSE LEVELS (November 03, 1997)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at Oct. 27/97 (change from previous week in brackets):MetalStock(tonnes)Change…
Sampling serves Indomin
Geochemical sampling on two Indonesian properties held by Indomin Resources (IRL-V) has revealed potential areas of gold-bearing mineralization.At the Busang North project in Kalimantan, six of 13 loo…
Blackstone Res. Hits nickel-zinc in Yukon Territory
Reconnaissance drilling by partners Blackstone Resources (BZZ-A) and Glenhaven Resources (GNN-A) has encountered a stratigraphically controlled nickel-zinc horizon on the Taiga property, 100 km northe…
Native group signs agreement in Yukon
The Laird First Nation and Cominco have signed a socio-economic participation agreement related to the Sa Dena Hes polymetallic mine in southeastern Yukon.The partners agreed to work together in a spi…
Wheels turn slowly for Crown Butte Res.
Slow progress is better than none at all for Crown Butte Resources, which is still waiting for the U.S. government to provide compensation for the expropriation of its New World gold project in southe…
Cameco earnings climb
The first nine months of 1997 saw Cameco (CCO-T) make modest gains in revenues and earnings from operations.Net earnings actually declined, however, as a result of a $44-million deferred income tax ex…
Russian miners eye TSE listing
The Lebedinsky mine, Russia’s biggest iron ore operation, is seeking to have its securities listed on the Toronto Stock Exchange.General Director Anatoly Kalashnikov told a Moscow press conference tha…