Correction (September 29, 1997)
In our Sept. 22 issue, we wrongly stated that South-African based Rangold can earn a 65% interest in the Kangele gold project, owned by Pangea Goldfields (PGD-T), by spending US$4 million and completi…
News
Alliance picks up Philippine prospects
Vancouver-based Alliance Pacific Gold (APG-V) will acquire from MRA Consultants five copper-gold properties on the Philippine island of Luzon.To earn its 100% interest, Alliance must issue 3.6 million…
American Gem to restructure
The announcement of a US$8.3-million loss in the fiscal year ended March 31 and a subsequent restructing plan have given rise to unprecedented trading in the shares of Montana-based sapphire producer …
GLOBAL SEARCH FOR DIAMONDS — Kimberley Res. recovers diamonds from Down Under
To date, Kimberley Resources (KIM-V) has recovered 150 diamonds from its projects in Western Australia.The total weight of the diamonds, recovered from bulk-sampling operations during 1996-97, is just…
Holmer confirms new gold zone at Bristol property
Holmer Gold Mines (HGM-T) is finding further indications of a new zone of gold mineralization on its Bristol Twp. property, west of Timmins, Ont.The company recently drilled through 19.5 metres gradin…
GLOBAL SEARCH FOR GOLD — Gold demand rises as prices languish
Reports released by two prestigious precious metals research goups paint rosy portraits of future gold demand.Both New York City-based CPM Group and London-based Gold Fields Mineral Services refer to …
Triumphant Golden Bear back in business — Production ahead of schedule and under budget
After a 3-year production hiatus, the Golden Bearopen-pit mine, situated 130 km north of here, is once again producing gold.Production levels are exceeding expectations and, by the time the heap-leach…
Indochina finances copper mine
Vancouver-based Indochina Goldfields (ING-T) and a mining enterprise owned by the Myanmar government plan to develop their jointly held Monwya copper mine complex in that country’s north-central regio…
Altavista moves Santa Anna to feasibility — Geologists struggle to decipher pattern of gold mineralization
Step by step at its Santa Anna property, Montreal-based Altavista Mines (AIA-) is developing what may become Quebec’s next new gold mine.The property is situated 15 km west of La Sarre, close to the O…
GLOBAL SEARCH FOR GOLD — Sunshine buys Argentine property
Though best known for its silver projects in the United States and Argentina, Sunshine Mining & Refining (SSC-N) is busy exploring a new gold property in Chubut province of southern Argentina.The gold…
THE GLOBAL SEARCH FOR GOLD — Queenston looks where others did not in Kirkland Lake
Many Canadian exploration companies have gone to the ends of the earth for gold, bringing back tales that gave the market a taste for the exotic.Investors were less excited about companies like Queens…
GLOBAL SEARCH FOR GOLD — Glenmore, William among Canadian companies attracted by Finland’s amended mining laws
Like many countries with vast mineral potential, Finland has revised its mining laws to encourage greater foreign investment in mineral exploration and development.The Finnish Mining Act and Mining De…