SPOT PRICES (October 27, 1997)
Wednesday, October 21, 1997Price (US)Week’s ChangeGold*$322.70- $2.90Silver*$ 4.97…
Articles by Northern Miner Staff
Akrokeri begins work on Jeni
Akrokeri-Ashanti Gold Mines (AAGM-C) has begun a trenching program on the Jeni property in Ghana’s Ashanti region.The program, which follows three weeks of site preparation, is designed to investigate…
W Pacific tests zone at Ofi Creek
The first hole drilled by Western Pacific Gold (WPI-A) has returned 297 metres grading 0.35% copper and 0.32 gram gold per tonne, including 100 metres of 0.61% copper and 0.59 gram gold, from the Ofi …
LATIN AMERICA — Peruvian court examines Yanacocha
The Supreme Court of Peru has notified Newmont Gold (NGC-N) and Buenaventura (BVN-N) that it will examine a lower court’s decision concerning ownership rights to the Minera Yanacocha, the largest gold…
LATIN AMERICA — Wheaton buys Bellavista gold project
The Bellavista gold project in Costa Rica has been acquired by Wheaton River Minerals (WRM-T), which now plans to complete a bankable feasibility study by late 1998.Past operators have spent US$15 mil…
LATIN AMERICA — Treminco explores in Domincan
Vancouver-based Treminco Resources (TMO-T) is exploring a newly expanded land package in the Dominican Republic.The junior plans to spend $250,000 in the first-year work program, which will cover eigh…
LATIN AMERICA — Yamana active in Argentina, Paraguay
American-based Yamana Resources (YRI-T) has completed a 10-hole drilling program on the Martinetas gold property in the southern Argentine province of Santa Cruz.The 978-metre program tested a large e…
Atapa applies Western thinking to Indonesian property
Cikotok, Indonesia — For the natives living in this village on the southwestern coast of Java, local small-scale mining projects run by state-owned Aneka Tambang (Antam) provide jobs necessary to sup…
LATIN AMERICA — Rio Tinto gains stake in El Acay property
Arizona-based Aranlee Resources (ARB-V) has signed an agreement with Rio Tinto Mining (RTP-N) whereby the latter can acquire a 48-sq.-km gold-copper property in Argentina known as El Acay.Aranlee hold…
LATIN AMERICA — Cambior concludes feasibility study at El Pachn $900-million copper-molybdenum project on road to development
A feasibility study of the Pachn copper-molybdenum project in Argentina has given the green light to manager Cambior (CBJ-T) and its equal partner, the Argentine firm Compania Minera San Jos.The proje…
LATIN AMERICA — Sur American intensifies drilling in Cordillera Occidental
At its wholly optioned Mina Rica property in western Colombia, Sur American Gold (SUR-A) has launched a drill program with the intention of testing the potential for low-to-medium-grade bulk-tonnage g…
LATIN AMERICA — Golden Star searches for kimberlites, gold — Second round of drilling planned
Guyanese diamond explorer Golden Star Resources (GSC-T) is bucking conventional wisdom in its search for a primary source of gems in that South American nation.The company rejects the idea that diamon…