Breakwater scoops up seven mines
Just weeks after acquiring two producing mines, Breakwater Resources (BWR-T) is set to gain control of seven more.The company has agreed to buy a controlling share in Minera, a privately owned South A…
News
GLOBAL SEARCH FOR GOLD — Busy season under way for East Africa Gold
Drilling has extended known mineralization at the Kitongo prospect in the Lake Victoria district of northwestern Tanzania, reports operator East Africa Gold (EAG-V).The junior says the strike length o…
TORONTO STOCK EXCHANGE INDICES (September 29, 1997)
1997Sept 23Sept 22Sept 19Sept 18Sept 17HighLowCom…
Navan Resources embarks on Spanish mine construction
The first stage of construction is under way at the Aguas Tenidas zinc project in Spain’s Pyrite belt.The operator, London-listed Navan Resources, has contracted Spanish firm Ingemisa Servicios to dri…
GLOBAL SEARCH FOR GOLD — Juniors hit hot holes in Nevada
Vancouver-based juniors White Knight Resources (WKR-V) and Chapleau Resources (CHI-V) have intersected significant gold values at their 6,200-acre Indian Ranch property in Nevada’s Eureka Cty.Hole 97-…
GLOBAL SEARCH FOR DIAMONDS — Ashton, Pure Gold find more diamonds in Alberta
Operator Ashton Mining of Canada (ACA-T) and partner Pure Gold Resources (PUG-T) have received mixed results from drilling into kimberlite pipes at their Buffalo Hills project in north-central Alberta…
COMMENTARY — Lead crucial to many industries
Lead alloys have many uses and come in numerous forms, including anodes, sheet, solder and wire. These alloys are used in high-tech industry and electronics, and have been around for centuries in the …
IDRC to fund research in Latin America
Ottawa-based International Development Research Centre (IDRC) plans to spend $1 million per year on research into environmental protection in the mining industries of Central and South America.Entitle…
Production of precious, base metals up in July
Canadian production of gold, silver, copper and zinc increased between July 1996 and July 1997. However, output of lead and nickel decreased over the same period.The statistics shown below were compil…
GOLD FUNDS (September 22, 1997)
Gold Funds as of September 11, 1997BGRCentralNet Value$18.11$5.69Price$14.15…
NEWS IN BRIEF (September 22, 1997)
Mina Resources (MIA-V) has changed its name to Anaconda Uranium (ANU-V).
PEOPLE — FORTRESS
Richard Bullock appointed president and director; Andrew Scotter, Graham Andrews and Emily Bullock appointed directors.