NEWS IN BRIEF (September 29, 1997)
BORON CHEMICALS INTERNATIONAL(BHI-V) has changed its name to Atacama Minerals (AAM-V).
News
GLOBAL SEARCH FOR GOLD — Rio Tinto’s gold output on the rise
With interests in several mines around the world, Rio Tinto (RTP-N) produced more than 1 million oz. gold during the first half of 1997, up 15% from the comparable period in 1996.The company says its …
GLOBAL SEARCH FOR GOLD — Golden Knight tests projects in West Africa
The gold potential of West Africa continues to lure Golden Knight Resources (GKR-T), a Vancouver-based company with interests in 14 projects in Ghana and Burkina Faso.The company released results from…
GLOBAL SEARCH FOR DIAMONDS — BHP tests Caledonia’s NWT project
Emerging diamond producer BHP Minerals is awaiting results from a till and esker sampling program carried out on ground held by Caledonia Mining (CAL-T), some 30 km from the Lac de Gras region of Cana…
GLOBAL SEARCH FOR GOLD — Abcourt plays waiting game in northwestern Quebec
Junior Abcourt Mines (ABI.B-M) is an example of a domestic mining company that is ready to bounce back into the production mode whenever gold or silver prices return to their former highs.The company’…
GLOBAL SEARCH FOR GOLD — Ashanti arranges funds for Bibiani mine
A US$60-million financing will provide funds for Ashanti Goldfields (AHD.U-T) to develop the Bibiani gold project in western Ghana.The open-pit mine is expected to produce 170,000 oz. gold per year at…
GLOBAL SEARCH FOR GOLD — Goldcorp bids for rest of Wilanour
Having previously failed to gain a stake in Wilanour Resources’ (WLR-T) holdings near Red Lake, Ont., Goldcorp (G.A-T) has launched a takeover bid for the junior company.Goldcorp has offered $1.40 for…
COMMENTARY — Lead crucial to many industries
Lead alloys have many uses and come in numerous forms, including anodes, sheet, solder and wire. These alloys are used in high-tech industry and electronics, and have been around for centuries in the …
Brimstone works to revive Mayflower
The past-producing Mayflower gold-silver mine in southwestern Montana could find itself back in business.Last year, Brimstone Gold (BSC-V) acquired the mine from two privately owned Montana companies….
GLOBAL SEARCH FOR GOLD — Viceroy explores Yukon mine property
With the Brewery Creek gold mine up and running, operator Viceroy Resource (VOY-T) is turning its attention to exploring the potential of the surrounding mine property in Canada’s Yukon Territory.The …
GLOBAL SEARCH FOR GOLD — Jordex Resources tests Brazilian project
A trenching program by Jordex Resources (JDX-T) has returned encouraging results from a gold-in-soil anomaly at the Pontes E Lacerda property in the western Brazilian state of Mato Grosso. The soil an…
GLOBAL SEARCH FOR DIAMONDS — DiamondWorks markets Angolan diamonds
Diamonds from Angola are reputed to be among the most beautiful and valuable in the world. The African nation is the fourth-largest producer of diamonds and ranks second in terms of value per carat, f…