PEOPLE — BARRICK
John Carrington appointed president, director and chief operating officer.
News
PEOPLE — ABER
Eira Thomas appointed vice-president of exploration; Alan Bayless appointed vice-president of investor relations.
LME WAREHOUSE LEVELS (February 10, 1997)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at Feb.3/97 (change from previous week in brackets):Aluminium938,475(-18,250)Copper200,500(+34,850)Lead111,425(-2,300)Nickel47,…
THE DIAMOND PAGE — Sable kimberlite pipe replaces Leslie at diamond project in N.W.T.
At the NWT Diamonds project near Lac de Gras, the richer Sable pipe has replaced the Leslie pipe as a target of mining.A 1,096-tonne sample from the Sable pipe returned 1,070.3 carats, for a grade of …
Monarch calculates Mexican gold-silver resource
Preliminary resource figures are adding momentum to the Saladillo gold-silver concession in Durango, Mexico.Monarch Resources (MRE-T) estimates the San Sebastian prospect contains 1.6 million tonnes g…
Foreign projects featured in Cordilleran Roundup
A mood of cautious optimism prevailed at the 14th Annual Cordilleran Geology and Exploration Roundup. Delegates expressed enthusiasm over the current bull market for junior resource stocks, but their …
Asia Minerals eyes Philippine gold targets
Vancouver-based Asia Minerals (AMP-A) has signed a letter-of-intent agreement to explore the Aurora property on the island of Luzon in the Philippines.The 88,000-ha land package, which covers seven ex…
Pierina adds ounces for Barrick
Ongoing drilling at two South American projects has increased the gold reserves of Barrick Gold (ABX-T) to more than 50 million oz.The gold giant recently announced that its gold inventory rose to 51 …
MOST ACTIVE ISSUES, Jan. 29-Feb. 4
ExchgVol(000s)ClosePure Gld ResT545980.42Placer DomeT…
TORONTO STOCK EXCHANGE INDICES (February 10, 1997)
1997Feb 4Feb 3Jan 31Jan 30Jan 29HighLowComposite”…
Union Pacific lays claim to diamond mine
Diamond miner Redaurum (RRK-T) says it intends to “strenuously defend” title to its Kelsey Lake mine, 45 miles west of Fort Collins, Colo., near the Wyoming border.The company’s rights to the new diam…
Omax Resources plans financing
A private placement of 5 million warrants, priced at 83 cents each, is expected to provide gross proceeds of up to $4.15 million for Omax Resources (OXR-V).The junior company is exploring a number of …