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SPOT PRICES (August 11, 1997)
Wednesday, August 6, 1997Price (US)Week’s ChangeGold*$318.85-$7.55Silver*$ 4.34…
Rio Tinto farms out PNG porphyry
Rio Tinto (rtp-n) has farmed out a minority interest in the Wafi copper-gold porphyry in Papua New Guinea to an Australian firm.The British giant has given Provincial Gold Fields the opportunity to ac…
Golden Goose Resources updates Magino resource estimate
Toronto-based junior Golden Goose Resources (ggr-t) has revised the resource estimate for its Magino gold mine property, 45 km northeast of Wawa, Ont.The company is hoping to revive the former undergr…
Lyon Lake finds more gold in Costa Rica
Quebec-based Lyon Lake Mines (LLL-M) has received encouraging results from its final round of drilling at the Canamazo concession, on the western part of the Beta Vargas property in Costa Rica.The res…
Gitennes extends Rio Suro
Stepout drilling by Gitennes Exploration (GIT-A) has extended the Rio Suro zone on the Virgen gold property in north-Central Peru.Three reverse-Circulation (RC) holes, drilled south of the zone’s prev…
People — RIO NARCEA
Alberto Lavandeira appointed president and chief operating officer.
People — CRYSTALLEX INT’L
Harry Near appointed director.
People — BHP COPPER
Colin Palethorpe appointed senior vice-president for San Francisco; Roger Higgins appointed senior vice-president for Pacific operations.
Conference focuses on reclamation
A symposium entitled “Reclamation in the Rockies” will be held Sept. 22-25 at the Inn of the South in Cranbrook, B.C.The event is being co-sponsored by the Canadian Land Reclamation Association and th…
Mining a boon to Colorado’s coffers
Mining contributed, both directly and indirectly, a total of US$7.6 billion to Colorado’s economy in 1995, according to a recent study.In a report entitled Everything Begins with Mining — Mining and …