Improved markets needed for Faro
A review of the Faro mine of Anvil Range Mining (ARO-T) has recommended that the lead-zinc mine remain closed until the market for those metals improves.The review found that optimistic metal price fo…
News
Nevsun outlines sizable gold resource at Tabakoto and Kubi in West Africa
Drill programs at the Tabakoto project in Mali and the Kubi in Ghana have enabled Nevsun Resources (NSU-T) to calculate preliminary gold resources of 2.7 million oz.The Vancouver-based junior, which h…
Placer, Brazilian strike Sabara deal
The Brazilian subsidiary of Placer Dome (PDG-T) will acquire from Brazilian Resources (BZIN-C) an interest in the Sabara gold property.To earn its 70% stake, Placer Dome must make option payments wort…
PEOPLE — GOLDEN HEMLOCK (December 30, 1996)
Ian Brown appointed secretary and chief financial officer.
Corrections (December 30, 1996)
Band-Ore Resources trades on the Toronto Stock Exchange under the ticker symbol BAN. Incorrect information appeared in the issue of Dec. 16.
PEOPLE — ARGOSY MINING (December 30, 1996)
Steven Potter appointed vice-president of exploration.
PEOPLE — AMCAN MINERALS
Michau Huisamen elected director.
MOST ACTIVE ISSUES, Dec. 13-19
ExchgVol(000s)CloseBre-X MnrlsT1784920.90Barrick GoldT…
Manitoba announces recipients of exploration funding
The Manitoba government will fund 42 provincial exploration projects to the tune of $2.5 million.The funding is part of Manitoba’s Mineral Exploration Assistance Program (MEAP), which is designed to a…
Potential buyer walks away from Bruceside
Canamera Geological has walked away from an $8-million deal with Newhawk Gold Mines (NHG-T) for a 60% interest in the Bruceside-Sulphurets gold-silver property.Previous feasibility work at the British…
More gold found at Gaspar project
The Gaspar gold project in Cuba has yielded more mineralization for operator KWG Resources (KWG-T).The latest results of reverse-circulation drilling on the property’s El Pilar prospect include: 60 me…
ODDS’N’SODS — New beginnings
Work was hard to find in 1936.I lost the job I had in Rouyn, Que., (I worked in the kitchen of the Elwyn Hotel, but was fired for smoking the boss’s cigars) and was looking for work at some of the are…