Fortune tallies Bowl resource
With one season of drilling complete, Fortune Minerals (FORM-C) has calculated a preliminary resource figure for the Bowl zone at its Nico property near Mazenod Lake in the Northwest Territories.The p…
News
EXPLORATION 1997 — Laramide starts third phase of drilling at Cerro Colorado
A work program, including 10,000 metres of exploration and development drilling, is under way at the Cerro Colorado gold project in Sonora state, Mexico.Operator Laramide Resources (LAM-T) hopes to co…
EXPLORATION 1997 — Minera Andes tests La Horqueta prospect
A 17-hole drill program by Minera Andes (MAI-A) has identified a copper porphyry prospect in the southern portion of La Horqueta, an exploration project in Argentina’s Mendoza province.The drilling in…
STOCK MARKETS — Franciso find excites western markets
The Vancouver Stock Exchange resource came to life over the report period ended March 4, rising 132.68 points, or 5.57%, to close at 2,513.88. The composite index closed up 68.36 points, or 5.41%, at …
EXPLORATION 1997 — Phelps Dodge expands in Mexico
Partners Phelps Dodge (PD-N) and Corner Bay Minerals (BAY-T) have expanded the land package surrounding their jointly held Cerro Verde copper project in northwestern Mexico.Phelps Dodge negotiated thr…
EXPLORATION 1997 — BMG plans busy year
Armed with a US$35-million exploration war chest for 1997, Battle Mountain Gold (BMG-N) plans to explore early-stage properties in North America and overseas, as well as advanced targets near its exis…
Golden Hwy. projects span the spectrum
A land of overburden drills and deep geophysical surveys, the Destor-Porcupine fault east of Matheson, Ont., features gold projects at every stage of development, from early exploration drilling throu…
EXPLORATION 1997 — VenCan tests gold-silver anomaly at Opoteca concession in Honduras
Sampling and drilling at the Opoteca concession of VenCan Gold (VCG-M) in Honduras have identified a gold-silver body at least 400 metres long.A 2,000-metre drill program testing the Antiguas area con…
EXPLORATION 1997 — Bulk-sampling program begins at Glimmer gold mine property
Operator Exall Resources (EXL-T) has extracted and stockpiled 7,000 tonnes from the Glimmer gold project in northeastern Ontario. The material is being shipped to the St Andrew Goldfields mill, 33 km …
STOCK MARKETS — Metals market react to possible Russian strike
The Toronto Stock Exchange backed away from the record high of Feb. 25, falling 92.73 points during the report period ended March 4 to close at 6,155.05. Volumes were also smaller, averaging 104 milli…
Toronto Stock Exchange Indices (March 10, 1997)
1997Mar 4Mar 3Feb 28Feb 27Feb 26HighLowComposite”…
Teck prepares to drill in Labrador
The first major to become involved in the exploration play near Voisey’s Bay, Labrador, back in 1995, is beginning a drill program in the area.Teck (TEK-T) will carry out a $5-million, 10,000-metre pr…