SPOT PRICES (October 20, 1997)
Wednesday, October 15, 1997Price (US)Week’s ChangeGold*$325.60- $6.30Silver*$ 4.99…
News
Nar funds Zimbabwe project
A recent financing has provided funds for Nar Resources (NRL-M) to explore ground in greenstone belts in Zimbabwe.The exploration venture is a partnership with nickel giant Falconbridge (FL-T). The co…
East West to fund work near Timmins
East West Resource (EWR-W) has announced a private placement, arranged through Dominick and Dominick Securities, of up to 1 million special warrants at $1.20 each. Aggregate proceeds will total $1.2 m…
Asia Pacific updates study
Management of Asia Pacific Resources (APQ-V) is reviewing a feasibility study for the Udon Thani potash project in Thailand.The company says it is reviewing various elements of the report.Information …
Blue Emerald works gold target
A work program by Blue Emerald Resources (BER-V) has outlined two new areas of gold mineralization on the Quebrada De Oro project in Nicaragua.A trenching and detailed soil sampling program is under w…
Trillion acquires bigger stake in Zimbabwean gold mine
Kanata, Ont.-based Trillion Resources (TLG-T) has purchased the remaining interest in the Indarama gold mine in Zimbabwe it did not already own.In November 1996, Trillion acquired a 20% interest in th…
Resolute, Samax find more gold in Tanzania
Samax Gold (SMX-T) and its Australian partner, Resolute Samantha, have discovered more gold beneath their proposed Golden Pride mine in the Lake Victoria Goldfields region of Tanzania.Drilling beneath…
TVI advances Philippine projects
TVI Pacific (TVI-T) has completed an in-house resource evaluation of the Ungay Malobago gold-bearing massive sulphide deposit on its Rapu Rapu property in the Philippines.According to TVI’s resource c…
Newmont makes deep discovery in northern Nevada
Newmont Gold (NGC-N) has intercepted high-grade gold values in a deep drilling program south of its Post deposit in northern Nevada.The company encountered long intervals of mineralization in two hole…
Pangea drills Kanegele project
Pangea Goldfields (PGD-T) continues to intersect gold at its Kanegele project in northwestern Tanzania.The project comprises the Kanegele, NE Nungwisa and Mega claim blocks which together cover 266 sq…
Correction (October 20, 1997)
In our issue of Oct. 13, we neglected to report that the Sabara property of Brazilian Resources (BZIN-C) contains a core resource of 5.3 million tonnes grading 1.8 grams gold per tonne, which is conta…
PEOPLE — WESTPINE METALS
Willis Osborne appointed president.