Earnings rise for Teck and Cominco
The sale of its 10.8% stake in Diamond Fields Resources saw the 1996 net earnings of Teck (TEK-T) jump by almost 184% over the previous year.The Vancouver-based major reported net earnings of $255 mil…
News
Stillwater boosts its reserves and production
Montana-based Stillwater Mining (PGMS-N) reported a modest loss in 1996 but saw increases in production, head grade and reserves.The only producer of platinum and palladium in the U.S. lost US$2.8 mil…
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N.A. Tungsten expands its base of mineral assets
Vancouver-based North American Tungsten (NTC-V) can acquire the tungsten assets formerly held by Canada Tungsten, which was recently merged with Aur Resources (AUR-T).These assets include:* the former…
Stratabound establishes Mexican presence
Junior Stratabound Minerals (SB-A) will buy a polymetallic property in northeastern Mexico.Situated near the city of Monclova in Coahuila state, the property is accessible by paved highway and gravel …
Pursuit steps up work programs
Toronto-based junior International Pursuit (IPJ-T) continues to hunt for gold on several properties in Indonesia.* Among the most advanced of these is the L-N prospect, which forms part of the 191,000…
Blue Ribbon resumes work
Having reduced exploration spending in Mexico and the U.S., Blue Ribbon Resources (BLO-V) is concentrating its efforts on the six properties it holds in Suriname.The company has collected 5,130 sample…
Espalau Mining samples gold prospects in Ecuador’s El Oro province
Channel sampling by Espalau Mining (EPU-M) at the Paraiso joint venture in Ecuador’s El Oro province has uncovered high gold values.The Val d’Or, Que.-based company can earn a half interest in the pro…
Monarch expands reserves at Camorra mine in Venezuela
Exploration programs in 1996 enabled Monarch Resources (MRE-T) to boost reserves at its Venezuelan gold mine known as La Camorra.At the same time, the company achieved record gold production of 56,549…
LITERATURE REVIEW — NEWS ROUNDUP — Drills turn on Gowest ground
A drill program is under way at the Detour Lake West property and at the Denton Twp. property west of Timmins, Ont., reports junior Gowest Amalgamated Resources (GWA-A).Placer Dome (PD-T) is carrying …
LITERATURE REVIEW — Radisson drilling at O’Brien
A drill program by Radisson Mining Resources (RDS-M) has resumed at the O’Brien property, a past-producer in the heart of Quebec’s Abitibi gold district.The current program is testing new gold-bearing…
Zappa closes private placement
Zappa Resources (ZPA-V) has raised $1.5 million in a private placement with Cambior (CBJ-T). Proceeds will be used to explore the Papa Grande massive sulphide property in Ecuador.Zappa secured a major…