Pioneer explores Riou Lake
Results from a reconnaissance geochemistry program have induced Pioneer Metals (PSM-T) to stake 10,000 ha contiguous to its Riou Lake uranium property in the Athabasca Basin of northern Saskatchewan.T…
News
Fairmile expands Buffalo Valley resource — Echo Bay monitoring drill program at Nevada property
Fairmile Gold (FLA-A) has reported encouraging results from a reconnaissance drilling program at its Buffalo Valley gold project in Nevada’s Battle Mountain trend.Reconnaissance drilling expanded, fro…
Alto, Noront hit sulphides
Partners Noront Resources (NOT-V) and Alto Minerals (ATO-V) have intersected sulphides in two holes on their Windfall property, near Lebel-sur-Quvillon, in northwestern Quebec.Collared on a surface sh…
Antares boosts resources
Operator Antares Mining and Exploration (ANZ-T) has revised resource estimates for two zones on its Ojolali gold property in Sumatra, Indonesia.Resources at the South Tambang zone now stand at 3.89 mi…
COMMENTARY — B.C.’s plan for the future
British Columbia’s mining industry has developed a proposal called Mining Jobs 2000, a plan whereby government and industry work together to achieve the goal of meaningful job creation.The government’…
GOLD FUNDS (December 15, 1997)
Gold Funds as of December 4, 1997BGRCentralNetValue$14.71$5.73Price$ 9.70…
FACTS ‘N’ FIGURES — Palladium demand on rise
Supplies of palladium in 1997 stand at 5.65 million oz., well short of the demand of 7.44 million oz., according to a report published by London-based metals trader Johnson Matthey.The study, entitled…
Armenian moly producer searching for partner
Armenia’s molybdenum industry is on the rebound , and the country’s largest producer is seeking a foreign partner to help finance and build a new processing plant.Moly in the country is produced chief…
Gold industry pulls in its horns — Rating service downgrades producers; Kinross to close QR
The gold price plunged again over the past week, crashing through its Feb.25, 1985, low of US$284.25 on Dec. 9, and causing further concern that gold producers will be forced to close their highest-co…
INT’L CROESUS VENT.
Rafael Alexandri Rionda apapointed director.
Survey business about more than money
On November 28, the banks placed Aerodat, a well-known airborne geophysical surveying firm, into receivership. The extent of the damage to our industry was far-reaching in that people are out of work,…
Plant boosts Armada revenue
Copper sales of $3 million from the Erdenet joint venture in northern Mongolia have boosted revenue for Armada Gold (AAU-T).Armada, which owns 49% of the project, generated $3.6 million in revenue dur…