MSV records second straight annual loss
While it remained in the red, MSV Resources (MSV-T) saw its balance sheet improve somewhat in 1996.The Montreal-based junior recorded a loss of $3.9 million (or 12 cents per share) on revenue of $45 m…
News
Suicide of Bre-X geologist shocks markets
The apparent suicide of Michael de Guzman, chief geologist for Bre-X Minerals (BXM-T), on March 18 sent shock waves throughout the mining community and, in the process, cast the first doubts about the…
PEOPLE — KENSINGTON (March 31, 1997)
Del Knowlton appointed director.
Exall hits high-grade mineralization at Glimmer mine in Ontario’s north
Ongoing diamond drilling at the Glimmer gold mine near Matheson, Ont., is returning excellent results for Exall Resources (EXL-T).The company has a 65.53% interest in the project, with the remainder h…
PEOPLE — BRIGADIER GOLD (March 31, 1997)
Herb Kokotow appointed president and director; Ken Wolfson, Allan Willy and Barry Nash appointed directors.
CoW approved for Indomin Res.
Four contracts of work (CoWs) have been approved by the Indonesian government, allowing Indomin Resources (IRL-V) to begin drilling at its Busang North property, 40 km northeast of the Busang gold pro…
Drilling yields gold values at Virgen deposit
Although diamond drilling at the Virgen gold property in north-central Peru has been hampered by bad ground conditions, preliminary results from the first five holes of a 13-hole program are comparabl…
Champion outlines gold zone at depth
Preliminary drill results from the Takatu gold project in Guyana show that gold values in surface rocks persist at depth in sulphide-bearing rock.Champion Resources (CHL-V) reports that the first diam…
EDITORIAL PAGE — Tackling corruption
Doing business in foreign countries has placed some North American mining companies face-to-face with the problem of how to secure promising projects without taking part in the corrupt business practi…
ODDS’N’SODS — The age of the leasers
The 1920s marked the end of the road for most of the original silver mines in Cobalt, Ont.The sudden collapse of the local industry created a unique situation in the town. Many of the workings were st…
Placer writes off Marcopper stake
Placer Dome (PDG-T) has divested itself of its interest in Marcopper Mining of the Philippines, following a tailings spill in 1996 that forced the Vancouver company to take a US$43-million charge agai…
High-grade skarn identified at Pajaritos
General Minerals (GNM-T) has intercepted high-grade copper-gold values at its Pajaritos property in Chile.The company recently drilled eight holes, each of which intercepted anomalous values. The high…