Juniors hit copper zone at Estaco
Recent drilling has confirmed the presence of a wide zone of copper mineralization within a known massive sulphide deposit at the Estaco base metal project in the Aljustrel area of southern Portugal.F…
News
NEWS IN BRIEF (August 11, 1997)
NCC Mining (NC-V) has changed its name to BMA Mining (BMA-V) on a 1-new-for-7-old-share basis.
Vista optimistic following Amayapampa feasibility
Despite a generally positive feasibility study for the Amayapampa gold project in Bolivia, Vista Gold (vgz-x) says mining would be uneconomic unless gold prices rise above US$350 per oz.The study call…
DIAMOND PAGE — Namco incurs quarterly loss
British-based Namco (nmr-t) incurred a loss of just over$3 million for the year ended May 31, 1997.The company continued development of its sea-floor diamond project off the coast of Namibia, which is…
DIAMOND PAGE — Archon expands search for kimberlite targets
Under the direction of Stewart Blusson, Archon Minerals (acs-v) is broadening its search for diamondiferous kimberlites in the Northwest Territories by forming alliances with several junior companies….
COMMENTARY — Congo is open for business
The mining potential of the Democratic Republic of Congo, though tremendous, has not been properly exploited.As a result of the lack of exploitation of our natural resources, we are experiencing pover…
MOST ACTIVE ISSUES, July 30-Aug 5
ExchgVol(100s)ClosePlacer DomeT392323.15CrystallexT…
GREATEST VALUE TRADED, July 3-Aug 5
ExchgValue($000s)HighLowCloseChangeInco LtdT87337…
SPOT PRICES (August 11, 1997)
Wednesday, August 6, 1997Price (US)Week’s ChangeGold*$318.85-$7.55Silver*$ 4.34…
Rio Tinto farms out PNG porphyry
Rio Tinto (rtp-n) has farmed out a minority interest in the Wafi copper-gold porphyry in Papua New Guinea to an Australian firm.The British giant has given Provincial Gold Fields the opportunity to ac…
Golden Goose Resources updates Magino resource estimate
Toronto-based junior Golden Goose Resources (ggr-t) has revised the resource estimate for its Magino gold mine property, 45 km northeast of Wawa, Ont.The company is hoping to revive the former undergr…
Lyon Lake finds more gold in Costa Rica
Quebec-based Lyon Lake Mines (LLL-M) has received encouraging results from its final round of drilling at the Canamazo concession, on the western part of the Beta Vargas property in Costa Rica.The res…