Lone Star shelves plans for Awak Mas gold mine
Low gold prices and preliminary results of a feasibility study have forced Lone Star Explorations (LSE-V) to put off construction of its Awak Mas gold project in Indonesia.The Australian company says …
News
Teck and Getchell report Rainbow results
Encouraging results have been reported for all six holes drilled on the Rainbow copper-gold property in southern British Columbia.Situated southeast of Kamloops, the project is a 70-30 joint venture b…
Ecuadorian completes Gaby study
After four years of work and thousands of metres of drilling, Ecuadorian Minerals (EMC-T) has completed the prefeasibility study of the Gaby gold porphyry in Ecuador.Central to the document is the pre…
PRODUCER PRICES (May 12, 1997)
Aluminium: LME settlements US$1,600.50 per tonne, alloy $1,480 per tonne (May 6/97).Antimony: Composite free market, US$2,310 per tonne (April 29/97).Bismuth: Composite free market US$3.10 per lb. (Ap…
Greenstone boosts gold reserves
A successful 1996 exploration campaign in Central America has enabled Greenstone Resources (GRE-T) to increase reserves at four of its gold properties there.Total proven and probable reserves at the S…
PEOPLE — BROOKS
Michael Heenan appointed director.
Placer Dome sells Endako molybdenum mine
Placer Dome (PDG-T) is closing a chapter in its history by selling the last mine it operates in British Columbia — the Endako molybdenum operation.The Vancouver-based company has signed a letter of i…
STOCK MARKETS — Western market sluggish despite good news for juniors — Indonesian explorers rally ’round CoWs; Alberta diamond hunters owe boost to kimberlite find
Western markets continued to grapple for footing over the report period ended April 29. The Vancouver Stock Exchange composite index was down 12.45 points, or 1.2%, at 1,022.69, while the resource ind…
St Andrew increases width of West Porphyry
Infill and stepout drilling by St Andrew Goldfields (SAS-T) continues to add potential to the West Porphyry zone on the Taylor property, near Matheson, Ont.In the latest round, St Andrew drilled two i…
Inco plans Voisey’s start-up for late 1999
Michael Sopko, chairman of Inco (N-T), told shareholders at the recent annual meeting that the Voisey’s Bay nickel-copper-cobalt project in Labrador is turning out to be “all we had expected . . . and…
Barrick to buy Gold Bar in Nevada
Barrick Gold (ABX-N) is hoping to gain a foothold in Nevada’s Battle Mountain trend by purchasing the Gold Bar property from Atlas (AZ-N).The major can acquire more than 90% of the property with an op…
Rio Algom aims for top producer status
Lower copper prices over the past year may have contributed to a sluggish year for Rio Algom (ROM-T), but Chairman Gordon Gray is confident the company will eventually become Canada’s premier copper p…