MSV options Corner Bay project
Montreal-based MSV Resources (MSV-T) is entering into an option agreement with Toronto-based Sikaman Gold Resources (SKG-T) for a 50% interest in MSV’s Corner Bay copper project, situated 56 km south …
News
Drilling extends Toms zone
A drill program by Tri Origin Exploration (TOE-T) has doubled the length of mineralization associated with the Toms zone on the Lewis Ponds property in New South Wales, Australia.The company says hole…
MOST ACTIVE ISSUES, May 7-13
ExchgVol(000s)ClosePure Gld ResT445190.48Placer DomeT…
Gold Funds (May 19, 1997)
Gold Funds as of May 8, 1997BGRCentralNet Value$21.10$5.89Price$16.00$5.8…
Gold price slows River’s plans
A lower-Than-expected gold price has forced River Gold Mines (RIV-T) to put off some of its development plans.The price was widely expected to rise to the US$400-per-oz. range in 1997 but has instead …
Golden Knight posts $56.1-Million loss for 1996
The $58.8-Million writedown of its 40% carried interest in the Casa Berardi joint venture resulted in a loss of $56.1 million for Golden Knight Resources (GKR-T) in 1996.The loss is considerably great…
Noranda plans spending spree
Diversified major Noranda (NOR-T) plans to keep busy this year spending the money it had expected would be required for two acquisitions, which never materialized.Noranda unsuccessfully bid for the An…
Denison records first-quarter profit
Uranium and oil producer Denison Mines (DEN-T) earned $7.6 million (or 2 cents per share) on revenue of $20.4 million for the quarter ended March 1, compared with $3.2 million (1 cents per share) on $…
PEOPLE — PACIFIC RIM (May 19, 1997)
Thomas Shrake appointed chief executive officer.
ODDS ‘N’ SODS — Eldorado the beautiful, Part 2
Between early February and late June of 1939, Canadian artist and Group of Seven member Franz Johnston completed more than 100 paintings and dozens of pencil and pastel sketches at the Eldorado mine, …
PEOPLE — ORO BELLE — James Kelly and Michael Halvorson appointed directors.
Inter-Rock boosts reserves at Daisy mine
Successful bio-oxidation testwork on sulphide mineralization at the open-pit Daisy mine in Beatty, Nev., has enabled Toronto-based Inter-Rock Gold (IRO-T) to increase its reserve estimate for the proj…