Quebec seeks tougher mining regs
Prompted by the Bre-X Minerals debacle, the Commission des valeurs mobiliers du Quebec (CVMQ) has introduced new regulations designed to boost the credibility of mining companies in the Quebec securit…
News
MOST ACTIVE ISSUES, Mar. 11-17
ExchgVol(000’s)Close.ZSInco LtdT474227.20TVX Gold IncT…
DIAMOND PAGE — Diamond output adds to Trivalence bottom line
Diamond production from the Aredor concession in Guinea provided Vancouver-based Trivalence Mining (TMI-V) with a healthy profit in the fourth quarter of 1997.Revenue from Aredor totalled $7.5 million…
Arcon takes shine to Princess
By signing a letter of intent, Princess Resources (PRL-V) has enabled Dublin-based Arcon International Resources to gain a toehold entry into its exploration projects in China and Africa.Arcon will su…
Tyranex seeks gold in Montana
Toronto-based Tyranex Gold (TXGI-C) intends to raise $10 million so that it can buy the Mineral Hill gold mine in Montana from TVX Gold (TVX-T).The deposit contains a drill-indicated minable reserve o…
Second high-grade zone identified at Lejano — Yamana believes deposit occupies margin of a caldera
Yamana Resources (YRI-T) has discovered a second high-grade gossanous zone at the Lejano silver prospect in southern Argentina, significantly expanding the known area of mineralization.Nineteen rock c…
Tri Origin advances Calarie
Partners Tri Origin Exploration (TOE-T) and Delta Gold of Australia are preparing to begin a drilling program at their equally-shared Calarie gold property in New South Wales, Australia.Targets for th…
Birim advances Ghana prospect
Junior gold explorer Birim Goldfields (BGI-T) is carrying out mapping and channel sampling at its Bui property in central Ghana, following an encouraging program of soil and chip sampling.More than 5,…
Meetings (March 23, 1998)
Mar. 25, ArloMar. 25, Geo PiajaMar. 25, GoldtexMar. 25, Pamlico GoldMar. 25, Redell MiningMar. 25, Walking BearMar. 25, Winslow GoldMar 26, AurizonMar. 26, Bard Silver & GoldMar. 26, DMR ResourcesMar….
Lower gold price shrinks Pegasus reserves
A recalculation of proven and probable reserves in light of lower gold prices dramatically reduced the ounces of the yellow metal attributed to Pegasus Gold (PGU-M).Excluding the contribution from the…
STOCK MARKETS — Western markets experience unspectacular drop — Cross Lake results lead to drop in stock price
The Vancouver Stock Exchange composite index lost 8.21 points, or 1.3%, to close at 616.56 over the report period ended Mar. 17. The mining index lost 14.12 points, or 2.8% to close at 491.75.The comb…
Western Copper, Teck unearth more mineralization at San Nicolas
Western Copper Holdings (WTC-T) and joint-venture partner Teck (TEK-T) have released further drill results from the San Nicolas project in Mexico’s Zacatecas state.Drill hole SAL-40, collared 100 metr…