Excellon drills in Mexico
A 2,000-Metre program of reverse-circulation drilling is under way at the Centauro property in Mexico’s Chihuahua state.Operator Excellon Resources (EXN-V) can earn a 65% interest in the concession fr…
News
Junior options Soquem ground
Privately held McKenzie Bay Resources, based in Brighton, Mich., has reached an option agreement with Quebec government-owned Soquem to develop the eastern portion of the Dor Lake vanadium and titaniu…
Lower metal prices squeeze first-quarter earnings of Teck
Higher gold and copper production by Teck (TEK-T) were offset by lower prices during the first quarter, resulting in a decrease in earnings.The company reported a profit of $15 million (or 16 cents pe…
Falsification and misrepresentation taint Bre-X
The only gold at the Busang property in Kalimantan, Indonesia, was the gold someone put there.With that conclusion, a technical audit on the exploration program at Busang administered the coup de grce…
Court dismisses Kemess South injunction
The British Columbia Supreme Court has dismissed an application by two native bands intent on halting operations at the Kemess South gold-copper mine, owned by Royal Oak Mines (RYO-T).The Tsay Keh Den…
Drillers’ forum addresses future of worldwide mineral exploration industry
While Canadian drillers have prospered over the past year, thanks in equal measure to hot domestic projects, such as Voisey’s Bay in Labrador, and exploration in foreign jurisdictions, prospects for t…
PEOPLE — NEBEX (May 12, 1997)
Eugene Setka appointed director and elected chairman.
PEOPLE — METALLICA (May 12, 1997)
Brad Blacketor appointed chief financial officer.
Newmont and Santa Fe vote in favor of merger plan
Shareholders of both Santa Fe Pacific Gold (GLD-N) and Newmont Mining (NEM-N) have expressed their overwhelming support for a proposed merger.During a special meeting, both groups of shareholders met …
DIAMOND PAGE — Dia Met and BHP resolve claim dispute
A claim dispute regarding the Northwest Territories Diamonds project has been resolved.Australian mining giant Broken Hill Proprietary (BHP) has signed two separate agreements with its partners in the…
METAL PRICES — DAILY METAL PRICES (May 12, 1997)
BASE METALS (London Metal Exchange – Midday bid/ask prices in US$ per tonne)DateMay 6May 5May 2May 1April 30…
Breakwater revives Caribou operation — Company turns $3-Million profit in first quarter
Toronto-based Breakwater Resources (BWR-T) will soon have a third wholly owned zinc operation in production — the resuscitated Caribou project in northern New Brunswick.At the company’s annual meetin…