Drilling at the Camsell Lake diamond project in the Northwest Territories is expected to begin in early March.Operator Winspear Resources (WSP-V) holds a 42.5% interest, while Aber Resources (ABZ-T) h…
The Vancouver Stock Exchange composite index was up 12.4 points, or 0.99%, over the report period ended Feb 25, to close at 1,263.05. The resource index gained 46.17 points, or 1.98%, finishing at 2,3…
Wednesday, February 26, 1997Price (US)Week’s ChangeGold*$353.85+ $7.75Silver*$ 5.2…
ALUMINIUM: LME settlements US$1,548.50 per tonne, alloy $1,486 per tonne (Feb. 18/97).ANTIMONY: Composite free market, US$2,340 per tonne (Feb. 18/97).BISMUTH: Composite free market US$3.15 per lb. (F…
Citing low gold prices and inconsistent recoveries, Miramar Mining (MAE-T) has taken a $33.6-million writedown on the Talapoosa gold-silver project in western Nevada, suspending its development.”At cu…
Through a private placement, St Andrew Goldfields (SAS-T) is raising funds to continue diamond drilling in the Matheson area of northwestern Ontario.The junior raised $3.4 million by issuing 4 million…
Drilling by Santa Fe Canadian Mining has identified a new gold zone on the Duquesne West property of Globex Mining (GMX-T), 30 km northwest of Rouyn-Noranda, Que.Santa Fe, a wholly owned subsidiary of…
EXP Resources, a privately held company in Alberta, can acquire a 60% interest in a 1,900-sq.-km gold-copper concession in southwestern Niger.EXP secured the option by paying US$50,000, issuing 1.2 mi…
The sale of its 10.8% stake in Diamond Fields Resources saw the 1996 net earnings of Teck (TEK-T) jump by almost 184% over the previous year.The Vancouver-based major reported net earnings of $255 mil…
Vancouver-based North American Tungsten (NTC-V) can acquire the tungsten assets formerly held by Canada Tungsten, which was recently merged with Aur Resources (AUR-T).These assets include:* the former…
Junior Stratabound Minerals (SB-A) will buy a polymetallic property in northeastern Mexico.Situated near the city of Monclova in Coahuila state, the property is accessible by paved highway and gravel …
Channel sampling by Espalau Mining (EPU-M) at the Paraiso joint venture in Ecuador’s El Oro province has uncovered high gold values.The Val d’Or, Que.-based company can earn a half interest in the pro…
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