North Bay, Ont.-based diamond driller Boart Longyear has acquired a 74% interest in Geoserv Pesquisas Geologicas, a drilling company based in Rio de Janeiro, Brazil.The new company, called Boart Longy…
The government of Uzbekistan anticipates annual gold production will rise to 126 tonnes by 2005 from the current rate of 80 tonnes.The government says this increase could be realized from 27 known dep…
Metal stocks (in tonnes) held in London Metal Exchange warehouses at Sept.29/97 (change from previous week in brackets):MetalStock(tonnes)Change…
Short positions outstanding at September 15, 1997.Larger individual positions include: Abitibi-Consolidated 1,304,333, up 519,350; Antares Mining & Exploration 111,500, up 109,000;Ashton Mining of Can…
The Vancouver Stock exchange composite index closed at 826.85 for a gain of 25.35 points or 3.16% over the report period ended Sept 30. The mining index closed at 744.14 — up 37.02 points, or 5.25%.T…
Aluminium: LME settlements US$1,633 per tonne, alloy $1,430 per tonne (Sept. 30/97).Antimony: Composite free market, US$1,915 per tonne (Sept. 30/97).Bismuth: Composite free market US$3.40 per lb. (Se…
Diamond explorers Everest Mines & Minerals (EVR-V) and Blackrun Ventures (BLV-V) will acquire a half interest in the Lubicon East prospect, which comprises 165,000 acres in the Buffalo Hills area of A…
Montreal-based junior Western Pacific Mining Exploration (WPC-M) and Toronto-based Pan American Resources (PAN-M) will jointly develop one producing and two past-producing properties, near Vallenar in…
To finance continuing work on its gold exploration projects in Peru, Gitennes Exploration (GIT-A) has raised $10 million through the sale of special warrants.The private placement consists of 2 millio…
Abacus Minerals (AMS-V) is investigating the feasibility of underground exploration at the Niblack volcanogenic massive sulphide project in southeastern Alaska.The junior recently released assay resul…
Tan Range Exploration (TNX-A) has hit long gold intersections at its Itetemia property in central Tanzania.An 8-hole, diamond-drill program tested a 200-metre section of the stratabound Golden Horsesh…
The second batch of drill results from the Bongar project in northern Peru reveal additional high-grade zinc mineralization for Cominco (CLT-T) and Solitario Resources (SLR-T).Cominco released the res…
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