NEWS IN BRIEF (April 07, 1997)
SLN Ventures (SVN-V) has changed its name to Pan Ocean Explorations (POE-V) on a 1-new-for-6-old-share basis.
Articles by Northern Miner Staff
Bema, Arizona Star release Cerro Casale estimate
With four drill rigs turning at the Cerro Casale gold-copper porphyry target in northern Chile, Arizona Star Resource (AZS.V) and partner Bema Gold (BSO-T) have released a resource estimate indicating…
LATIN AMERICA — Meridian Gold pushes El Peon in Chile
Mid-tier gold producer Meridian Gold (MNG-T), which has two mines in the U.S., is looking to expand its operations into Chile.The Reno-based company underwent a restructuring program in August 1996, p…
LATIN AMERICA — Ambrex outlines resource in southwestern Brazil
The drill-indicated resource outlined by Ambrex Mining (AMBX-C) at the Aripuana property in the northwestern portion of Brazil’s Mato Grosso state now stands at 2 million tonnes grading 10.7% zinc, 2%…
LATIN AMERICA — Consolidated Nevada irons out wrinkles in Mexico — Mines acquired in 1996 merger experience various setbacks
Four mines recently acquired in Mexico by Consolidated Nevada Goldfields (KNVCF-Q) are yielding mixed results.The Denver-based company took on the mines following a merger, in October 1996, with Mexic…
LATIN AMERICA — Dayton reports boost in reserves at Andacollo — US$3.2 million budgeted for exploration
Dayton Mining (DAY-T) reports a 21% increase in minable reserves at its Andacollo gold mine near La Serena, Chile.The company added 257,000 oz. gold to proven and probable minable reserves (after dedu…
LME WHSE LEVELS (April 07, 1997)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at Mar.31/97 (change from previous week in brackets):Aluminium853,000(-2,525)Copper177,250(-6,225)Lead106,925(-500)Nickel47,862…
Bre-X’s credibility undermined as suspicions mount — Assay lab’s results are only as good as the samples it receives
A month ago, it was reputed to be sitting on the largest gold find of the century, but the ground is now shaking beneath Bre-X Minerals (BXM-T), operator of the Busang gold project in eastern Kalimant…
Partners extend gold zones at Tyranite mine
Partners Tyranex Gold (TXGI-C) and Mill City Gold Mining (MIY-V) have released diamond drill results from the Tyranite mine property near Gowganda, Ont.Each company owns a half interest in the project…
Fort Knox reaches commercial production
The Fort Knox mine in Alaska recently celebrated its first gold pour.Amax Gold (AU-N) reports that the 36,000-ton-per-day mill has been approaching capacity since production began, and the company exp…
LATIN AMERICA — Ballad to acquire Peruvian assets
A preliminary agreement with TVX Gold (TVX-T) will allow Ballad Enterprises (BDC-V) to acquire all property assets held by TVX’s Peruvian subsidiary in the South American country.TVX Peru holds 35 pro…
LATIN AMERICA — Prefeasibility positive for Joutel in Cuba — Gold-silver project moves to feasibility
A resource calculation and preliminary metallurgical testing at the Zona Barita project have enabled Joutel Resources (JTL-T) to advance the Cuban property to the feasibility stage.A resource of 5 mil…