St. Genevive to sell interests in affiliates
In order to reimburse three affiliated companies for some $21-million worth of “unauthorized borrowing,” St. Genevive Resources (DHB-Y) says it will sell its interests in at least four affiliates and …
Articles by Northern Miner Staff
PEOPLE — AGATE BAY RES.
John Jardine appointed director.
Lyon Lake pours gold at Beta Vargas
Lyon Lake Mines (LLL-M) has joined the gold production ranks, pouring its first gold at the Beta Vargas mine in Costa Rica.The Montreal-based company reports that the average daily throughput at its w…
Orezone drills Intidougou
A third phase of definition drilling is under way at Orezone Resources’ (ORZ-M) Intidougou gold property in southwestern Burkina Faso.The property is part of a portfolio acquired from Geomaque Explora…
Teck begins drilling Redstar massive sulphide prospect
Teck (TEL-T) has begun a 4,000-ft. drilling program on the Redstar property, 35 km south of Princeton in southwestern British Columbia.The major can earn up to a 70% interest in the property from Reds…
DIAMOND PAGE — Caledonia gains ground in Congo
Caledonia Mining (CAL-T) has signed a deal with the government of the Democratic Republic of Congo to acquire a 13,740 sq.-km concession area near the town of Kananga, in Kasai province.Caledonia is n…
DIAMOND PAGE — SouthernEra expands in South Africa
SouthernEra Resources (SUF-T) has acquired the mineral rights to the Frankryk and Schietfontein farms at its Klipspringer project in South Africa.The two farms contain most of the delineated strike tr…
MOST ACTIVE ISSUES (December 15, 1997)
ExchgVolume(000’s)CloseWestmin ResT153335.80Donner MnrlsV…
DIAMOND PAGE — Canabrava defines diamond indicator halos
Canabrava Diamond (CNB-V) has defined three halos of kimberlite indicator minerals at its 100% owned Whitefish Lake project, near Wawa, Ont.Indicator minerals including pyrope garnet, fresh olivine an…
LME WAREHOUSE LEVELS (December 15, 1997)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at Dec.9/97 (change from previous week in brackets):MetalStock(tonnes)Change…
GREATEST VALUE TRADED (December 15, 1997)
ExchgVolume(000’s)HighLowCloseChangeBarrick GoldT…
SPOT PRICES (December 15, 1997)
Wednesday, December 10, 1997Price(US)Week’s ChangeGold*$285.05- $6.05Silver*$ 5.84…