News

Wednesday, April 2, 1997Price (US)Week’s ChangeGold*$350.70+ $3.90Silver*$ 4.98…

A follow-up exploration program by Impact Minerals (IPT-V) is testing the Eagle Mountain gold property, some 45 km from Cambior’s Omai gold mine in central Guyana.The program is being funded by Calgar…

Vancouver-based Fremont Gold (FGLD-Q.OTC) is encouraged by results from preliminary drilling on the Resguardo gold project in northern Chile.Highlights include: hole 97-3, which encountered 21 metres …

Eastfield Resources (ETF-V) plans to spin off its Canadian properties into a new company.Under the plan, shareholders will exchange one Eastfield share for one New Eastfield share and one share in the…

The George Lake gold project in the Northwest Territories is shaping up for a possible 1998 production start.Arauco Resources (ARU-T) has released a prefeasibility study that indicates production of 1…

Piet Yap elected director.

Whitehorse, Y.T.-based BYG Natural Resources (BYG-T) plans to acquire a controlling position in Vancouver-based YGC Resources (YGC-V) for $2.3 million.The deal would see BYG acquire Wheaton River Mine…

For Russia, the road to privatization is strewn with anxieties and uncertainties — a situation amply illustrated by recent developments at the Noril’sk Mining and Metallurgical Kombinat in Siberia.Si…

ALUMINIUM: LME settlements US$1,612 per tonne, alloy $1,515 per tonne (Mar. 25/97).ANTIMONY: Composite free market, US$2,120 per tonne (Mar. 25/97).BISMUTH: Composite free market US$3.06 per lb. (Mar….

Although large, high-grade deposits recently drilled on the seafloor 200 miles west of Vancouver Island are unlikely to be developed in the near future, they nonetheless provide valuable insight into …

Brian Peckford appointed interim president and chief executive officer.