Falsification and misrepresentation taint Bre-X
The only gold at the Busang property in Kalimantan, Indonesia, was the gold someone put there.With that conclusion, a technical audit on the exploration program at Busang administered the coup de grce…
News
Court dismisses Kemess South injunction
The British Columbia Supreme Court has dismissed an application by two native bands intent on halting operations at the Kemess South gold-copper mine, owned by Royal Oak Mines (RYO-T).The Tsay Keh Den…
Drillers’ forum addresses future of worldwide mineral exploration industry
While Canadian drillers have prospered over the past year, thanks in equal measure to hot domestic projects, such as Voisey’s Bay in Labrador, and exploration in foreign jurisdictions, prospects for t…
PEOPLE — NEBEX (May 12, 1997)
Eugene Setka appointed director and elected chairman.
PEOPLE — METALLICA (May 12, 1997)
Brad Blacketor appointed chief financial officer.
Newmont and Santa Fe vote in favor of merger plan
Shareholders of both Santa Fe Pacific Gold (GLD-N) and Newmont Mining (NEM-N) have expressed their overwhelming support for a proposed merger.During a special meeting, both groups of shareholders met …
DIAMOND PAGE — Dia Met and BHP resolve claim dispute
A claim dispute regarding the Northwest Territories Diamonds project has been resolved.Australian mining giant Broken Hill Proprietary (BHP) has signed two separate agreements with its partners in the…
METAL PRICES — DAILY METAL PRICES (May 12, 1997)
BASE METALS (London Metal Exchange – Midday bid/ask prices in US$ per tonne)DateMay 6May 5May 2May 1April 30…
Breakwater revives Caribou operation — Company turns $3-Million profit in first quarter
Toronto-based Breakwater Resources (BWR-T) will soon have a third wholly owned zinc operation in production — the resuscitated Caribou project in northern New Brunswick.At the company’s annual meetin…
STOCK MARKETS — VSE slips slightly as Indonesian juniors suffer mightily — Latin America, Canadian diamonds hot as investors shop around
The Vancouver Stock Exchange composite index was down less than 1% for the report period ended May 6, slipping 9.84 points to close at 1,012.85. The resource index shed 32.01 points, or 1.7%, to finis…
PEOPLE — IVANHOE CAPITAL
Jonathan Challis appointed senior vice-president.
PEOPLE — CURION VENTURE
Bruno Mosimann appointed vice-president.