Iscor looks to S.E. Asia
A unit of Iscor, a major South African steel and mining company, plans to acquire 2.4 million shares of Omax Resources (OXR-V).The purchase is part of Iscor’s strategy to grow by taking on internation…
News
Gold Reserve steams ahead in Venezuela
Spokane-based Gold Reserve (GLR-T) is determined to overcome all obstacles in its effort to produce gold from the Las Brisas del Cuyuni concession in the Kilometre 88 district of eastern Venezuela.Whi…
Western Pinnacle takes stock in Russian potential — Advances Kyuchus gold project to feasibility stage
Unlike other Western mining companies active in Russia these days, Western Pinnacle Mining (WPN-V) is the only one with its head office and executives based in this city, a situation it sees as a dist…
TSE INDICES (July 14, 1997)
1997July 8July 7July 4July 3July 2HighLowComposit…
TSE SHORTS (July 14, 1997)
Short positions outstanding at June 30, 1997Larger individual positions included: Abacan Resources 139,603, down 128,097; Antares Mining & Expl 158,400; Ariel Resources 67,170, up 67, 170; Asia Pacifi…
Magadan region to consolidate mines — Government assumes more active role in making deals
The government of northeastern Russia’s Magadan region is attempting to consolidate some of its gold mining industryThe government has reached a deal with Severovostokzoloto, the firm once responsible…
DIAMOND NEWS ROUNDUP — Caldera discovers macro in Australia
A macrodiamond has been recovered from a drill program at the Abminga kimberlite field in South Australia.Operator Caldera Resources (CDR-M) says the discovery was made in a small drill-Core sample th…
Troymin drills Hawk Ridge project
Calgary-based Troymin Resources (TYR-M) has initiated a sizable drill program at the Hawk Ridge copper-Nickel project in northern Quebec.The company has budgeted $1.5 million for 3,500 metres of drill…
Laramide drills test new zone
The latest round of drilling by Laramide Resources (LAM-T) is testing a newly discovered zone at the Cerro Colorado gold project in Mexico’s Sonora state.Six of nine recent holes intersected mineraliz…
Francisco drills in north Mexico
To accelerate drilling, Francisco Gold (FGX-V) has mobilized a third rig to the Sauzal gold property in Mexico’s Chihuahua state.The program is drill-Testing potential targets that extend immediately …
Dakota pours gold at Illinois Creek mine
Following a winter season marked by corporate change, the Illinois Creek gold mine in west-Central Alaska has poured its first gold bar. The mine, situated 325 miles northwest of Anchorage, experience…
Venezuelan gov’t faces opposition in forest exploration plan
The government of Venezuela is receiving criticism from environmentalists, opposition party members and native leaders for its decision to open the Imataca Forest Preserve to mineral exploration.The a…