Greenstone gears up for gold pour
With construction of the first two heap-leach cells now complete at the Cerro Mojon gold mine in Nicaragua, Greenstone Resources (GRT-T) has begun piling ore and expects the first gold pour to take pl…
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LATIN AMERICA — Ourominas drills at Juruena project
Drilling by junior Ourominas Minerals (OMI-T) at its wholly owned, 190,000-ha Juruena vein gold property in Brazil’s Mato Grosso state has extended the project’s known zones of mineralization.Since dr…
LATIN AMERICA — Group seeks leave to file suit against Cambior
Montreal-based Cambior (CBJ-T) has been served with a motion to institute a class-action lawsuit on behalf of a group of persons living downstream from the company’s Omai gold mine in Guyana, followin…
LME WHSE LEVELS (April 07, 1997)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at Mar.31/97 (change from previous week in brackets):Aluminium853,000(-2,525)Copper177,250(-6,225)Lead106,925(-500)Nickel47,862…
Bre-X’s credibility undermined as suspicions mount — Assay lab’s results are only as good as the samples it receives
A month ago, it was reputed to be sitting on the largest gold find of the century, but the ground is now shaking beneath Bre-X Minerals (BXM-T), operator of the Busang gold project in eastern Kalimant…
LETTER TO THE EDITOR — Protecting investors should be the top priority
For most investors, the world of junior mining companies is akin to the Twilight Zone, where it becomes virtually impossible to differentiate between reality and fiction. In the past year alone, we’ve…
LATIN AMERICA — Bahuerachi drilling intersects copper in Mexico
Diamond drilling on the Bahuerachi copper oxide property in Mexico has yielded favorable results for equal partners Golden Rule Resources (GNU-T) and Tyler Resources (TYS-T).Situated in southwestern C…
Nelson Gold plans expansion at Jilau mine — Project to carry a capital cost of $11.8 million
With a positive feasibility study in hand, Nelson Gold (NLG-T) is proceeding with another phase of its expansion program at the Jilau gold mine in Tajikistan.Nelson holds a 44% interest in Zeravshan G…
LATIN AMERICA — Canarc starts core drilling
Canarc Resource (CCM-T) has started a 10-hole diamond drill program to test the depth potential of gold mineralization in laterite at its Sara Kreek property in Suriname.Trenching and auger drilling h…
LATIN AMERICA — Consolidated Nevada irons out wrinkles in Mexico — Mines acquired in 1996 merger experience various setbacks
Four mines recently acquired in Mexico by Consolidated Nevada Goldfields (KNVCF-Q) are yielding mixed results.The Denver-based company took on the mines following a merger, in October 1996, with Mexic…
GREATEST VALUE TRADED (April 07, 1997)
ExchgValue(000s)HighLowCloseChangeBarrick GoldT12…
STOCK MARKETS — Great Bre-X belly-flop sinks entire gold market
Widespread carnage among TSE golds; base metals also take a bashing The report period ended April 1 was no joke at the Toronto Stock Exchange, where the Bre-X Minerals bomb of the previous week turned…