Breakwater scoops up seven mines
Just weeks after acquiring two producing mines, Breakwater Resources (BWR-T) is set to gain control of seven more.The company has agreed to buy a controlling share in Minera, a privately owned South A…
News
GLOBAL SEARCH FOR GOLD — Busy season under way for East Africa Gold
Drilling has extended known mineralization at the Kitongo prospect in the Lake Victoria district of northwestern Tanzania, reports operator East Africa Gold (EAG-V).The junior says the strike length o…
STOCK MARKETS — Western markets barely withstand low gold prices — South Africa, Kazakstan among foreign plays eyed by investors
The Vancouver Stock Exchange composite index closed at 801.5, losing 14.45 points, or 1.8%, over the report period ended Sept. 23. The mining index finished down 19.87 points, or 2.7%, at 707.12.The c…
GLOBAL SEARCH FOR DIAMONDS — Aredor yields additional gems for Trivalence
Junior producer Trivalence Mining Concession (TMI-V) continues to receive encouraging results from its Aredor diamond alluvial project in Guinea.For July and August, Trivalence recovered a total of 2,…
TORONTO STOCK EXCHANGE INDICES (September 29, 1997)
1997Sept 23Sept 22Sept 19Sept 18Sept 17HighLowCom…
GLOBAL SEARCH FOR GOLD — Echo Bay drills Jessup property
A drill program by Echo Bay Mines (ECO-T) will test the Jessup gold property in Nevada’s Churchill Cty.The major recently started its third round of drilling at the property, which is held by Americom…
GLOBAL SEARCH FOR GOLD — Drilling resumes at Sleeper property
Drilling by X-Cal Resources(XCL-T) will test the West Wood, Bedrock, Casino and Ready Line targets at the Sleeper gold property in Nevada’s Humboldt Cty.Earlier this year, X-Cal signed an agreement to…
GLOBAL SEARCH FOR GOLD — Drilling penetrates gold zone at Tanzania’s Geita — Development program continues at Samax’s Golden Pride property
While its 1-million-oz.-plus Golden Pride gold deposit remains its primary focus, Samax Resources (SMX-T) is increasingly encouraged by its separate Geita gold property, about 160 km to the northwest,…
GLOBAL SEARCH FOR GOLD — Nevsun locates new zones at Kubi
Nevsun Resources (NSU-T) has reported initial trenching results from its 90%-owned Kubi project in Ghana.The trenching was designed to assess the oxide potential of several mineralized zones that exis…
Fortune expands two subzones at Nico property
Fortune Minerals (FORM-C) has released encouraging drill results from its Nico property, 160 km west of Yellowknife, N.W.T.In the latest program, 13 holes were drilled in the cobalt-bismuth-rich and g…
Queens offers short course
A short course on mining and exploration, designed for professionals working in the investment industry, will be held from Oct. 4 to 8 at Queens University in Kingston, Ont.The course will be taught b…
Madsen sinks cash into namesake mine
Madsen Gold (MGF-T) has formulated plans to spend $3.5 million on underground exploration and development at the newly reopened Madsen gold mine, near Red Lake, Ont.The mine, which has been producing …