Bema boosts stake in El Callao and Puma
To increase its interest in two Vancouver-listed juniors, Bema Gold (BGO-T) has spent $4.8 million in two separate private placements.Bema bought 2 million units of El Callao Mining (ECM-V) at $1.50 e…
News
STOCK MARKETS — Rise in U.S. interest rates deflate TSE still further
More than 54 million shares of Bre-X crossed the trading floor as investors continued to bail outBase metal companies rolled with the punches over the report period ended April 8, as U.S. interest rat…
METAL PRICES — DAILY METAL PRICES (April 14, 1997)
BASE METALS (London Metal Exchange – Midday bid/ask prices in US$ per tonne)DateApril 8April 7April 4April 3A…
Gitennes drills Virgen for bulk-Tonnage potential
Though bad ground hindered the first phase of drilling on the Virgen gold property in north-Central Peru, assay results reveal potential for a low-grade, bulk-Tonnage deposit.Gitennes Exploration (GIT…
Ecstall stakes claims in Alberta
Junior Ecstall Mining (EAM-V) has entered into the Alberta diamond rush by staking 1.4 million acres of prospective ground in the south-Central part of the province.The Vancouver-based company intends…
DIAMOND BRIEFS — Monopros, Gerle return to Doyle
Drilling is set to begin on the LA 1-25 claims at the Doyle Lake project in the Northwest Territories.Under an option agreement, Monopros, the Canadian exploration arm of De Beers Consolidated Mines (…
LETTER TO THE EDITOR — Lobbyists pose threat to responsible mine development
Mining in Canada is important to local communities, particularly those in remote regions. Employment opportunities in the mining industry provide local economies with substantial and often essential e…
Resource estimate for Diavik
Based on preliminary geological modelling of four pipes, the Diavik project in the Lac de Gras area of the Northwest Territories is estimated to contain resources of 36 million tonnes of kimberlite, d…
DIAMOND BRIEFS — Hymex tallies Guinean output
Several large stones were part of the latest production haul at Hymex Diamond’s (HMD-V) alluvial operations in Guinea, West Africa.For the month of March, the company recovered 5,511 stones weighing a…
Greenshield Res. hits gold at Urban
In ongoing drilling, Greenshield Resources (GSR-M) has uncovered two gold zones at the Urban property, 185 km northeast of Val d’Or, Que.The junior is earning a half interest in the property from Moss…
Oroperu Res. raises $8.7 million — Money slated for Tres Cruces project in Peru
To finance its Peruvian projects, Oroperu Resources (OROP-C) has raised $8.7 million in a private placement.The placement, which was brokered by Yorkton Securities, consisted of 4 million special warr…
STOCK MARKETS — VSE composite and resource indices flattened by Bre-X debacle — Bright spots include Arizona Star, which unveiled resource estimate for Chilean gold-Copper play
The cloud of uncertainty looming over Bre-X Minerals continued to rain on most junior mining stocks.Led by the resource sector, the Vancouver Stock Exchange composite index lost 44.85 points, or 3.92%…