Yamana Res. strikes gold at Argentine play
Drilling at the Martinetas property in southeastern Argentina has yielded significant epithermal gold mineralization for Yamana Resources (YRI-T).Two of six targets were tested, and assays for the fir…
News
EDITORIAL PAGE — A tale of two ecomonies
At this time of year, pundits traditionally peer into their crystal balls and predict what is in store for the economy over the upcoming 12-month period. In Canada, the consensus is that 1997 will be …
STOCK MARKETS — Resources lag as TSE shows recovery
Led by the real estate and communication subgroups, the Toronto Stock Exchange recovered strongly during the trading period Dec. 20-27. The TSE 300 composite index rose 192.41 points to close at 5,902…
1996: A LOOK BACK — More juniors join ranks of gold producers in 1996
Three junior mining companies opened gold mines in North America last year, and, while admittedly modest, the operations will set a substantial profit for their proprietors.In the Wawa area of norther…
Glimmer strikes deal
A private placement of just over a million shares will allow Glimmer Resources (GME-V) to meet cash calls for development work at the Glimmer project in Hislop Twp., east of Matheson, Ont.Glimmer and …
PRODUCER PRICES (January 06, 1997)
ALUMINIUM: LME settlements US$1,523.50 per tonne, alloy $1,377.50 per tonne (Dec. 24/96).ANTIMONY: Composite free market, US$2,075 per tonne (Dec. 27/96).BISMUTH: Composite free market US$3.20 per lb….
Canatuan to have more productive life
An engineering and optimization study on the Canatuan massive sulphide deposit on the Philippine island of Mindanao has increased reserves and production rates for TVI Pacific (TVI-T).The study increa…
ODDS`N’SODS — Vicissitudes of the airborne geologist
I had just been delivered back to an exploration base camp after a near disaster on the Ontario-Manitoba border. When the Bell J2 helicopter came home after being repaired, it immediately left to prov…
Pan African eyes Ndori gold property in Kenya
An agreement between a private company and Pan African Resources (PARC-C) gives that company the option to acquire a 75% interest in the Ndori gold property in southwestern Kenya.Pan African recently …
Altai allies with Normandy Mining
Toronto-based junior Altai Resources (ATI-T) is forming an alliance with Australian major Normandy Mining (NPL-ASX).Under the agreement, Normandy will be issued 805,000 units of Altai Resources, equiv…
1996: A LOOK BACK — Inco, Barrick swallow juniors, line investors’ pockets
Huge mineral discoveries fueled a wave of mergers, takeovers and deals in the mining industry in 1996. The year’s biggest story was Inco’s (N-T) Aug.21 swallowing up of Diamond Fields Resources (DFR),…
1996: A LOOK BACK — 1996 a year metals traders would like to forget
Many a metal trader will have popped the cork on his New Year’s bubbly, confident that 1997 can hardly be worse than 1996. Precious metals nosedived, and the base metals went for a bumpy ride courtesy…