Echo Bay snaps up Kilgore remains
Echo Bay Mines (ECO-T) will acquire from Placer Dome (PDG-T) the remaining interest in the Kilgore gold project that it does not already own. Situated in southern Idaho, the project is already owned 5…
News
Rift Resources acquires prospecting licences in Uganda and Ethiopia
Rift Resources (RIF-V) is making inroads in East Africa. The Toronto-based junior has been granted a prospecting licence in Uganda and an exploration licence in Ethiopia.The prospect in southwestern U…
Trillion completes deal with CMCWA
Ottawa-based Trillion Resources (TLQ-T) has bought a 51% intrest in privately owned Consolidated Mining Corporation of West Africa (CMCWA).The remainder of CMCWA is owned by its Malian managing direct…
METAL PRICES — FREE MARKET (January 13, 1997)
London Metal ExchangeMidday bid-ask prices in $US per tonneDateJan. 7Jan. 6Jan. 3Jan. 2Dec. 31…
Sutton Res. intensifies work at Bulyanhulu
Drilling has resumed at the Bulyanhulu gold project in Tanzania.In 1996, Sutton Resources (STT-V) completed more than 22,000 metres of drilling at the property, in which it holds a 85% interest. The r…
First Quantum raises financing
Vancouver-based First-Quantum Minerals (FM-V) has raised additional funds to explore for gold and copper projects in Africa.The company completed a $9-million private placement of 2.5 million special …
Chesbar funds Anacoco project
More than $4 million in working capital will be applied by Chesbar Resources (CBI-M) to its Anacoco gold project in Venezuela’s Bolivar state.Chesbar holds a 100% interest in two concessions totalling…
STOCK MARKETS — New year brings rise in composite index
The Vancouver Stock Exchange composite index managed to rise 16.12 points to close at 1178.39 over the report period Dec. 30-Jan. 7, despite dropping 19.35 points from the resource index, which finish…
Caledonia cuts cobalt in Zambia
Drilling at the Nama copper-cobalt project in northern Zambia continues to outline additional mineralization.Operator Caledonia Mining (CAL-T) is investigating two anomalies, one of which, Anomaly A, …
Golden Gram Res. to prospect in Gabon
Montreal-based junior Golden Gram Resources (GRA-M) will begin prospecting its Manyima-Bakoudou gold property in the African nation of Gabon.Funding for the work was obtained through a $3-million fina…
Correction (January 13, 1997)
Miranda Mining is not yet listed on any stock exchange. Miranda Industries trades in Vancouver under the ticker symbol MAD. Incorrect information appeared in our issue of Dec. 30, 1996.
PEOPLE — TENAJON (January 13, 1997)
D.B. McLeod appointed president and chief executive officer; and Donald McLeod appointed chairman.