PEOPLE — TAKURA
Michael Woods appointed director.
News
NEWS BRIEF (May 26, 1997)
American Wollastonite Mining (AMW-V) has changed its name to Previa Resources (PIA-V) on a 1-New-for-6.7-old-share basis.
Exall takes writedown
Management of Exall Resources (EXL-T) is taking a $7-Million writedown of two non-performing assets; the Mazaruni alluvial diamond project in Brazil and the Santo Tomas copper-gold project in Mexico.E…
B.C. mining shrouded in uncertainty: study
British Columbia’s mining industry had another profitable year in 1996, though its future may be in jeopardy, according to a study by Price Waterhouse.While the industry recorded a profit for the thir…
TORONTO STOCK EXCHANGE INDICES (May 26, 1997)
1997May 20May 19May 16May 15May 14HighLowComposit…
Flooding hampers development at Caribou
An inflow of water has temporarily halted development work at the Caribou polymetallic mine in New Brunswick.Breakwater Resources (BWR-T) reports that water entered the former producer from a nearby o…
METAL PRICES — Daily Metal Prices (May 26, 1997)
BASE METALS (London Metal Exchange – Midday bid/ask prices in US$ per tonne)DateMay 20May 19May 16May 15May 1…
Tenke signs deal with Zairian rebels
Despite the recent political upheaval in the former Zaire, Tenke Mining (TNK-T) has secured its rights to one of the largest, undeveloped copper deposits in the Central African nation.The company rece…
Partners boost Gross Rosebel reserves
Partners Cambior (CBJ-T) and Golden Star Resources (GSC-T) have boosted, by nearly a third, the estimated size of the Gross Rosebel gold project in northern Suriname.Proven and probable reserves now e…
Queenstake finds Carlin-Type in Peru
A gold target similar to gold deposits in Nevada’s Carlin trend has been identified on Queenstake Resources’ (QTR-T) wholly owned Conchaturio property in southern Peru.Surface and trench samples at th…
Mispec hits Indonesian gold
Drilling by Mispec Resources (MPE-M) at its Jampang gold project in Indonesia has identified two new zones of mineralization.The Pasir Keusik and Puteran-Simpang structures were identifed by reverse-C…
Tampering suspected in Golden Rule’s Ghana results
Faced with conflicting results from trench assaying at the Stenpad property in Ghana, Golden Rule Resources (GNU-T) and subsidiary Hixon Gold Resources (HGX-V) are investigating the possibility that t…