PEOPLE — MINERA PRINCETON CHILE
Thomas Vehrs appointed president and chief operating officer.
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PEOPLE — LONE STAR
Michael Cramb appointed chief executive officer and director.
GOLD FUNDS (March 31, 1997)
Gold Funds as of March 20, 1997BGRCentralNet Value$23.16$6.22Price$18.35$…
MSV records second straight annual loss
While it remained in the red, MSV Resources (MSV-T) saw its balance sheet improve somewhat in 1996.The Montreal-based junior recorded a loss of $3.9 million (or 12 cents per share) on revenue of $45 m…
Suicide of Bre-X geologist shocks markets
The apparent suicide of Michael de Guzman, chief geologist for Bre-X Minerals (BXM-T), on March 18 sent shock waves throughout the mining community and, in the process, cast the first doubts about the…
PEOPLE — KENSINGTON (March 31, 1997)
Del Knowlton appointed director.
Exall hits high-grade mineralization at Glimmer mine in Ontario’s north
Ongoing diamond drilling at the Glimmer gold mine near Matheson, Ont., is returning excellent results for Exall Resources (EXL-T).The company has a 65.53% interest in the project, with the remainder h…
PEOPLE — BRIGADIER GOLD (March 31, 1997)
Herb Kokotow appointed president and director; Ken Wolfson, Allan Willy and Barry Nash appointed directors.
CoW approved for Indomin Res.
Four contracts of work (CoWs) have been approved by the Indonesian government, allowing Indomin Resources (IRL-V) to begin drilling at its Busang North property, 40 km northeast of the Busang gold pro…
Drilling yields gold values at Virgen deposit
Although diamond drilling at the Virgen gold property in north-central Peru has been hampered by bad ground conditions, preliminary results from the first five holes of a 13-hole program are comparabl…
Champion outlines gold zone at depth
Preliminary drill results from the Takatu gold project in Guyana show that gold values in surface rocks persist at depth in sulphide-bearing rock.Champion Resources (CHL-V) reports that the first diam…
EDITORIAL PAGE — Tackling corruption
Doing business in foreign countries has placed some North American mining companies face-to-face with the problem of how to secure promising projects without taking part in the corrupt business practi…