Partners explore Poposal in Argentina
Reverse-circulation drilling is under way at the Poposa project in Argentina’s San Juan province.Australian-based Western Mining Corp. (WSTM-N), the operator, is earning up to a 60% interest in the pr…
News
Holmer resumes work in Timmins
Toronto-based Holmer Gold Mines (HGM-A) has resumed drilling at its gold property in Bristol Twp. near Timmins, Ont.The current drill program is following up a gold discovery made in late 1996. Holmer…
AFRICA SPECIAL — Zimbabwean platinum expands BHP portfolio
By developing the Hartley platinum project in Zimbabwe, BHP Minerals is paving the way for its entry into a new metal market.The company, a division of Australian-based Broken Hill Proprietary, holds …
Correction (February 03, 1997)
Junior Fairstar Explorations (FFR-M) has a 55% interest in the Fenelon gold property and is operator of the Quebec project.Incorrect information appeared in our issue of Jan. 20.
EDITORIAL PAGE — The Busang waiting game
Maybe today, maybe this week, maybe next month. That about sums up the uncertainty that shareholders of Bre-X Minerals must live with as they wait for the Indonesian government to make a decision on t…
Gitennes gears up for Peruvian drilling program
Alberta-listed Gitennes Exploration (GIT-A) is set to begin drilling its Virgen gold property in the Huamachuco region of north-central Peru.In preparation for at least 2,000 metres of drilling, the c…
Indo Metals-Inco alliance to focus on Indonesia
Junior Indo Metals (IOM-V) will join forces with Inco (N-T) on several of the nickel giant’s polymetallic properties in Indonesia.Under the so-called Maluku strategic alliance, Indo (formerly European…
AFRICA SPECIAL — Eden Roc poised for turnaround at African gold mine
Production problems at the Afema project in Ivory Coast have taken their toll on African gold producer Eden Roc Mineral (EDN-T).The heap-leach project is owned by Somiaf, a company held 68% by operato…
TSE SHORT POSITIONS (February 03, 1997)
Short positions outstanding at January 15, 1997Larger individual positions included: Barrick Gold 11,100,550, down 1,234,333; Agnico-Eagle 385,217, down 120,551; AJ Perron Gold 376,400, up 376,400; As…
Jersey bails out of Ecuadorean projects
Discouraged by exploration results, Jersey Goldfields (JRG-V) has decided to abandon its 53 mineral properties in Ecuador.The annoucement follows the company’s decision to terminate its option agreeme…
THE DIAMOND PAGE — Surveys planned for Camsell Lake
An exploration program budgeted at $1.6 million is about to begin at the Camsell Lake diamond project, 140 miles northeast of Yellowknife, N.W.T.The 277,000-acre project is a joint venture between Win…
Yamana gains ground in Washington state
Yamana Resources (YRI-T) has added some U.S. prospects to its exploration portfolio, which previously consisted only of projects in South American and Indonesia.The three gold and copper properties, w…