Sale of Troilus mine derailed
Plans by Inmet Mining (IMN-T) to sell the Troilus mine in north-central Quebec have been stalled following a technical investigation by the prospective purchaser.Homestake Mining (HM-N) and subsidiary…
News
Indo outlines base metal lens
Indo Metals (IOM-V) has outlined a lens of high-gradecopper-lead-zinc-silver mineralization on its Wai Ira prospect on Haruku Island, Indonesia.Indo Metals can acquire 49% of Ingold Holding’s 80-to-85…
Ashanti drilling in Niger
Ashanti Goldfields (ASL-N) has begun drilling on the Nassile gold concession in Niger.The 9,000-metre program is designed to test the Tampena geochemical anomaly, situated in the southwestern portion …
Uranium sales talks suspended
Talks among the Russian Ministry of Atomic Energy, Canadian uranium producer Cameco (CCO-T) and U.S. uranium dealer Nukem have been suspended, jeopardizing a deal under which the Western companies wou…
Oro merges with Minpro
Junior explorer Oro Blanco Resources (ORBL-C) and privately owned Minpro, a mining and waste management company, are merging to form a new company named Amalco.Under the proposal, which is still subje…
Tombstone acquiring Grassy Mtn.
Tombstone Explorations (TSO-T) is acquiring the Grassy Mountain gold project in southeastern Oregon from Atlas (AZ-N).The hot springs-style gold deposit is estimated to contain a measured and indicate…
McWatters buys East Amphi project
McWatters Mining (MCW-T) is paying Breakwater Resources (BWR-T) $3 million and a 1.5% net smelter return royalty for its stake in the East Amphi gold property, 2 km northwest of Malartic, Que.The 1,16…
MOST ACTIVE ISSUES, Dec. 10-16, 1997
ExchgVolume(000s)CloseWestmin ResT125205.50Lionore MngT…
TSE Short Positions (December 22, 1997)
Short position outstanding at November 30, 1997Larger individual positions include: Athabaska Gold 125,000, up 125,000; Barrick Gold 11,179,390, down 551,576; Campbell Resources 4,168,578; Echo Bay 85…
Altavista raises funds for Santa Anna drilling
Altavista Mines (AIA-M) has raised a total of $829,000 to finance the latest phase of drilling at its Santa Anna gold project in northwestern Quebec.Altavista closed on an initial $429,000 of a $650,0…
Miner reps to speak at CIM student night
The Bre-X Minerals fraud will be the topic of discussion at a special meeting of the Canadian Institute of Mining, Metallurgy and Petroleum, to be held Jan. 15 at Toronto’s Ontario Club.The discussion…
Cobalt conference set for early 1998
A conference focusing on cobalt will be held from Jan. 26-28 at the Palm Beach Hilton Hotel in Palm Beach, Fla.Entitled “Cobalt ’98: The Outlook for Cobalt in an Era of New Sources of Supply, New High…