Newmont hits new zone at True North
Newmont Gold (NGC-N) and La Teko Resources (LAO-V) have intersected gold mineralization in a new zone discovered at the True North deposit, near Fairbanks, Alaska.The structure, known as the Merlyn zo…
News
Western mining firms secure licences for Russian gold ground
Exploration licences for gold properties in the Magadan region of northeastern Russia have been granted to nine companies, including Broken Hill Proprietary of Australia and Omolon Gold.BHP acquired t…
ODDS ‘N’ SODS — Times are still a changing
So many changes were occurring during the portion of the 20th century I was fortunate enough to have traversed, it might have been deemed a second Industrial Revolution.Certainly, the work I was invol…
EDITORIAL — Innu demand ‘unrealistic’ — Miners have rights too
If Toyota or General Motors announced plans to build a huge manufacturing plant anywhere in North America, people would jump up and down with joy at the prospect of decent jobs and spinoff benefits fo…
GLOBAL SEARCH FOR GOLD — Drilling extends strike at Taylor
Six more drill holes at the Taylor Twp. property of St Andrew Goldfields (SAS-T), about 50 km east of Timmins, Ont., have extended the strike length of the West Porphyry zone both east and west.Two ho…
GLOBAL SEARCH FOR GOLD — Exploration heats up in Barry-Urban area
The gold potential of Quebec’s Barry and Urban twps. has prompted several juniors to acquire additional ground in the region.Among them are Moss Resources (MRS-T) and Greenshield Resources (GSR-M), wh…
TVI skims hot grades from Philippine surface
TVI Pacific (TVI-T) has received encouraging results from early exploration at its Buenavista gold project on the Philippine island of Luzon.Since acquiring the 2,473-ha property in July, TVI has cond…
GREATEST VALUE TRADED, Sept. 17-23
ExchgValue($000s)HighLowCloseChangeInco LtdT26916…
SPOT PRICES (September 29, 1997)
Wednesday, September 24, 1997Price(US)Week’sChangeGold*$322.00+ $2.05Silver*$ 4.72…
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…
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 …