Sampling adds potential to CMM’s Yemen play
Canadian Mountain Minerals (CYM-A) has received encouraging geochemical samples from its gold exploration project in northwestern Yemen.More than 80 samples were found to contain anomalous gold, as we…
News
Columbia welcomes financing
Welcome Opportunities (WLO-V) will buy 1 million units of its joint-venture partner, Columbia Gold Mines (COB-V), at $1.15 each.A unit consists of one share and one non-transferable share purchase war…
PRODUCER PRICES (March 24, 1997)
ALUMINIUM: LME settlements US$1,610 per tonne, alloy $1,510 per tonne (Mar. 18/97).ANTIMONY: Composite free market, US$2,175 per tonne (Mar. 18/97).BISMUTH: Composite free market US$3.15 per lb. (Mar….
Alberta Stock Exchange files notice of hearing against Naxos
The Alberta Stock Exchange (ASE) has filed a notice of hearing against Naxos Resources and its president, Jimmy John.Trading in the company’s shares has been halted since May 1996.The notice alleges v…
Goldbelt discovers porphyry in Kazakstan
Goldbelt Resources (GDB-V) has discovered a porphyry copper-gold deposit at its Berezky Central prospect in northeastern Kazakstan.The discovery was made following a 2,100-metre, 11-hole drill program…
NEWS ROUNDUP — Tri Origin Exploration options Burntbrush gold property
Tri Origin Exploration (TOE-T) will acquire the Burntbrush property, 150 km north of Timmins, Ont., in return for making unspecified exploration expenditures.The 50-sq.-km property was previously expl…
Indochina to sell Vietnamese properties
Indochina Goldfields (ING-T) will sell its interests in two adjoining gold exploration prospects in Vietnam to Olympus Pacific Minerals (OYM-V).The sale, worth US$7.5 million in cash and shares, would…
MOST ACTIVE ISSUES, Mar. 12-18
ExchgVol(000s)CloseSpider ResA96560.61Maximum ResV…
Costa Rica pulls plug on Placer’s exploration
The government of Costa Rica has ordered Placer Dome (PDG-T) to halt exploration at the Cerro Crucitas gold property, alleging the company is in non-compliance with its environmental impact statement….
NEWS ROUNDUP — Mountain Lake eyes Bathurst property
An option agreement sets the stage for Mountain Lake Resources (MOA-V) to acquire a property in the Bathurst mining district of New Brunswick.The vendor will retain a 2% net smelter return royalty and…
NEWS ROUNDUP — Espalau records loss for fiscal ’96
During the last fiscal year, Espalau Mining (EPU-M) suffered a loss as it attempted to change its orientation from a holding company to a junior gold producer.Espalau reported a loss of $5.1 million (…
Cerro Colorado undergoes feasibility
Toronto-based Tiomin Resources (TIO-T) is proceeding with a full feasibility study at the giant Cerro Colorado copper project in western Panama.In accordance with the development agreement, the compan…