Azimut options Abitibi properties
Quebec-based Azimut Exploration (AZM-M) will spend at least $200,000 in 1997 to test two newly optioned properties in the province’s Abitibi greenstone belt.The junior can earn a 50% interest in the F…
News
THE DIAMOND PAGE — SouthernEra finds more fissures at Klipspringer
SouthernEra Resources (SUF-T) has discovered three new kimberlite occurrences at its Klipspringer project in South Africa.A kimberlite fissure with an estimated width of 1.5 metres was encountered in …
Mines in the making — Placer inks deal for Las Cristinas
Construction will begin on the Venezuelan gold mine known as Las Cristinas, following an agreement signed by Placer Dome (PDG-T) and state-owned Corporacion Venezolana de Guayana.The agreement was sig…
STOCK MARKETS — Composite and resource indices flatten VSE
The Vancouver Stock Exchange composite index lost 4.5 points over the report period ended Feb. 11, to close at 1,213.71, while the resource index dropped 11 points to finish at 2,262.15.The combined v…
Etruscan outlines gold zones at Kossa permit in Niger
Based on preliminary results of a geophysical program, Etruscan Enterprises (EET-V) has identified two major zones of interest on the Kossa permit in Niger’s Liptako gold district.The junior holds an …
Mines in the making — Homestake building Ruby Hill
A new heap-leach gold mine under construction in central Nevada is expected to become the lowest-cost producer of Homestake Mining (HM-N).When it is up and running later this year, the Ruby Hill mine …
Commentary — Following the leaders
Jon Baird is managing director of the Canadian Association of Mining Equipment & Services for Export and chairman of the co-ordinating committee of Keep Mining In Canada, a grassroots campaign designe…
THE DIAMOND PAGE — Namco is granted new mining licence
The government of Namibia has granted Namibian Minerals (NMR-T) a diamond mining licence for the Koichab prospect, which forms part of the company’s Luderitz Bay grant.The offshore mining company, als…
EDITORIAL PAGE — Diamonds in the rough
Africa, diamonds and mercenaries are words that fire the imagination and inspire adventure novels. Put them together and you have the makings of a television documentary that delivers something out of…
Cominco buys stake in Anvil Range
Base metal miner Cominco (CLT-T) has purchased 4.1 million shares of Anvil Range Mining (ARO-T) at $2.30 per share through a recent private placement.Gross proceeds of $9.4 million were paid to Anvil …
KWG adds to Russian portfolio
Montreal-based KWG Resources (KWG-T) can earn up to an 80% interest in seven gold properties held by Buccaneer Mining in the Magadan region of Far Eastern Russia.The agreement also covers three Russia…
Int’l Pursuit pursues Dayak
Determined to become a bigger player in Kalimantan, Indonesia, junior gold explorer International Pursuit (IPJ-T) is attempting a takeover of its partner, Dayak Goldfields (DAYK-C).Pursuit has offered…