PEOPLE — GALA RES. (July 21, 1997)
E. Baker appointed director.
News
Placer to take Sleeper from X-Cal — Agreement with Amax Gold extended
Vancouver-based junior X-Cal Resources (XCL-T) has extended its purchase agreement with Amax Gold (AU-N), paving the way for Placer Dome (PDG-T) to take an interest in the Sleeper gold project in nort…
COMMENTARY — A passing of the torch
The author, who was appointed Minister of Natural Resources following the Canadian federal election in June, provided the following article at the request of Keep Mining in Canada, an organization des…
Mar-West, Curion launch Honduran drill program
At the San Martin concession in central Honduras, drilling is set to begin testing the Palo Ralo prospect, 2 km west of the newly discovered Sinter hot springs gold deposit.The concession is held 80% …
PEOPLE — ETRUSCAN (July 21, 1997)
Anthony Hayes appointed vice-president.
Minorco eyes properties of Triarx Gold
Resource giant Minorco has entered the Papua New Guinea resource sector by forming a joint venture with a Toronto-based junior holding several projects in the Southeast Asian nation.The recent agreeme…
Inter-Rock expands Daisy
Inter-Rock Gold (IRO-T) reports that infill and extension drilling on the northern part of the Mother Lode deposit at its Daisy gold mine near Beatty, Nev., may eventually boost the mine’s tonnage and…
Underground program proceeds at Beaver Brook — Exploration aims to expand reserves
With mill construction now complete, Roycefield Resources (RYC-T) expects to begin processing antimony ore next month at its Beaver Brook project in central Newfoundland.The company spent $4.6 million…
Legislation aids mining ventures
Mongolia’s resource sector is expected to benefit from a series of amendments to the country’s investment laws.The legislation was enacted following an international investors conference sponsored joi…
Cumberland reports strong grades at Meliadine
The latest results from the Meliadine West gold project in the Northwest Territories bode well for equal partners Cumberland Resources (CBD-T) and Comaplex Minerals (CMF-T).The project is under option…
PRODUCER & DEALER PRICES (July 14, 1997)
Aluminium: LME settlements US$1,545.50 per tonne, alloy $1,410 per tonne (July 8/97).Antimony: Composite free market, US$2,025 per tonne (July 7/97).Bismuth: Composite free market US$3.85 per lb. (Jul…
STOCK MARKETS — Gold drops like a brick as western markets stumble — Junior explorers hit hardest, despite good news for some
Gold tumbled to a 12-year low during the report period ended July 8, with western markets following close behind. The Vancouver Stock Exchange composite index lost 60.86 points, or 7.03%, to close at …