Gold Reserve hits deep copper in Km 88
In a program of follow-up drilling, Gold Reserve (GLR-T) has confirmed the presence of deep copper-gold mineralization beneath the centre of the Las Brisas deposit in the Kilometre 88 region of southe…
News
STOCK MARKETS — TSE slides back as global worries continue — Mining stocks outpace broad market in race for the bottom
The Toronto Stock Exchange chalked up five losing sessions in a row between Nov. 5 and Nov. 11, finishing a dismal stretch at 6,786.52 points, about 2% lower for the trading period. Volumes were moder…
PRODUCER AND DEALER PRICES (November 17, 1997)
Aluminium: LME settlements US$1,614, alloy US$1,485 per tonne (Nov. 11/97).Antimony: Recent physical trades US$1,830-1,850 per tonne (Nov. 11/97).Bismuth: Composite free market US$3.40 per lb. (Nov. 1…
Banro extends depth of Twangiza
Banro Resource (BNRS-C) has cut a 313-metre intersection of gold mineralization at its Twangiza project in the Democratic Republic of Congo.Highlights from the first hole reported include the followin…
INVESTMENT COMMENTARY — Lluvia de Oro adds upside to Santa Cruz
Mining analysts love turnaround stories, as do many investors who hope to catch companies on the rebound from the rocky transition from exploration to production. One recent example is Santa Cruz Gold…
Bolivar takes on Monarch in legal fight
Bolivar Goldfields (BVG-T) has filed a notice of action in an Ontario court against Monarch Resources (MRE-T) in an attempt to hold the latter to its agreement to sell its Venezuelan assets.Among thos…
South Pacific forms JV with Teck, MM
Teck (TEK-T) and Australian-based MM Gold, a subsidiary of Meekathara Minerals, will join forces with South Pacific Resources (SHF-A) to explore two gold projects in Kalimantan, Indonesia.South Pacifi…
PEOPLE — ROYAL OAK (November 17, 1997)
Edmund Szol appointed executive VP and chief operating officer.
DIAMOND PAGE — Treatment plant nears completion at Klipspringer
Design work on the 100-tonne-per-day kimberlite treatment plant on the Klipspringer project in South Africa’s Northern Transvaal Procince is well-advanced and on track for completion in early December…
Permit in hand for Soledad Mountain
The U.S. Bureau of Land Management has decided in favor of allowing Golden Queen Mining (GQM-T) to begin construction of the Soledad Mountain mine, 130 km north of Los Angeles, Calif.Construction will…
Strike affects zinc output at Asarco’s Tennessee mines
A 4-week-old strike at three Tennessee zinc mines owned by Asarco (AR-N) has cut production to 30% of capacity.The employees, represented by the International Chemical Workers Union, went on strike Oc…
Exall hits more gold at Glimmer mine — Glimmer Resources poised to take over as operator
Efforts to expand reserves at the Glimmer mine near Matheson, Ont., have borne fruit.In an underground drill hole, Exall Resources (EXL-T) hit an interval assaying 159.09 grams gold per tonne over 8 m…