TORONTO STOCK EXCHANGE INDICES (September 29, 1997)
1997Sept 23Sept 22Sept 19Sept 18Sept 17HighLowCom…
News
GLOBAL SEARCH FOR GOLD — Echo Bay drills Jessup property
A drill program by Echo Bay Mines (ECO-T) will test the Jessup gold property in Nevada’s Churchill Cty.The major recently started its third round of drilling at the property, which is held by Americom…
GLOBAL SEARCH FOR GOLD — Drilling resumes at Sleeper property
Drilling by X-Cal Resources(XCL-T) will test the West Wood, Bedrock, Casino and Ready Line targets at the Sleeper gold property in Nevada’s Humboldt Cty.Earlier this year, X-Cal signed an agreement to…
GLOBAL SEARCH FOR GOLD — Drilling penetrates gold zone at Tanzania’s Geita — Development program continues at Samax’s Golden Pride property
While its 1-million-oz.-plus Golden Pride gold deposit remains its primary focus, Samax Resources (SMX-T) is increasingly encouraged by its separate Geita gold property, about 160 km to the northwest,…
GLOBAL SEARCH FOR GOLD — Nevsun locates new zones at Kubi
Nevsun Resources (NSU-T) has reported initial trenching results from its 90%-owned Kubi project in Ghana.The trenching was designed to assess the oxide potential of several mineralized zones that exis…
Fortune expands two subzones at Nico property
Fortune Minerals (FORM-C) has released encouraging drill results from its Nico property, 160 km west of Yellowknife, N.W.T.In the latest program, 13 holes were drilled in the cobalt-bismuth-rich and g…
Queens offers short course
A short course on mining and exploration, designed for professionals working in the investment industry, will be held from Oct. 4 to 8 at Queens University in Kingston, Ont.The course will be taught b…
Madsen sinks cash into namesake mine
Madsen Gold (MGF-T) has formulated plans to spend $3.5 million on underground exploration and development at the newly reopened Madsen gold mine, near Red Lake, Ont.The mine, which has been producing …
Bema takes gold price on chin
Low gold prices are taking their toll on Bema Gold (BGO-T). Like everyone else in the business, the company witnessed a steady erosion in its share price as the yellow metal proceeded to spiral downwa…
METAL PRICES — Daily Metal Prices (September 22, 1997)
BASE METALS (London Metal Exchange – Midday bid/ask prices in US$ per tonne)DateSept 16Sept 15Sept 12Sept 11S…
Monarch sells Venezuelan interests to Bolivar
Choosing to concentrate on its Mexican projects, Monarch Resources (MRE-T) has reached an agreement to sell its Venezuelan properties to Bolivar Goldfields (BVG-T).Bolivar will take over the mine know…
Pangea uncovers gold mineralization in Tanzania
Partners Pangea Goldfields (PGD-T) and Explorations Minires du Nord (MDN-M) have discovered significant gold mineralization on the Kanegele block in the Lake Victoria Goldfields district of Tanzania.A…