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…
News
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…
Sulliden explores near Nugget Pond
Sulliden Exploration (SUE-M) has begun the second phase of exploration at its Red Cliff Pond-Long Pond project on Newfoundland’s Baie Verte Peninsula.The project area is adjacent to the recently opene…
INSIDER TRADING — Sutton insiders find spring a good time to sell
Senior officers of Sutton Resources (STT-V) were active in the market in March and April of 1997, according to the Ontario Securities Commission.James Sinclair, director, exercised 130,000 options at …
Canuc, Placer ink Ecuadoran deal
Toronto-based Canuc Resources (CANC-C) has entered into a joint-Venture agreement with Placer Dome (PDG-T) to explore and develop the Nambija gold deposit in southeastern Ecuador.Under the agreement, …
DIAMOND NEWS ROUNDUP — Kennecott delays Candle Lake drilling
At the Candle Lake joint venture in the Fort la Corne area of Saskatchewan, Kennecott Canada has suspended a 25-Tonne program of mini-bulk sampling on kimberlite C29/30 until a larger drill rig can be…
Platinova receives backing from Greenland
Toronto-based Platinova (PAS-T) has secured a private placement with the government of Greenland.Greenland has purchased 1.4 million Platinova shares at $1.51 per share, the total value of which is $2…
STOCK MARKETS — Gold stocks slammed by troubled bullion market — Gold sale Down Under gives investors the jitters
While the Toronto Stock Exchange continued to set records over the report period July 2-8, the TSE’s gold and precious minerals sub-group, wounded by the meltdown in the gold market, lurched to an ind…
LME WHSE LEVELS (July 14, 1997)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at July 7/97 (change from previous week in brackets):Aluminium659575(-11275)Copper133350(+5025)Lead117125(+625)Nickel53388(+11…