Drilling tests for nickel in Yukon
A 20-hole drill program comprising 2,500 ft. will test a deposit of nickel mineralization for potential minable thicknesses at the Taiga project, 95 km northeast of Dawson City, Y.T.The project consis…
News
Kinross Gold takes writedown — US$24-m charge wipes out operating profit
An after-shock from the Macassa rock burst in April has registered on the books at Kinross Gold (K-T).Although production has resumed on the upper levels of the mine, situated east of Kirkland Lake, O…
Noble Peak finds new zones
Noble Peak Resources (NPK-A) has discovered two new zones of gold mineralization during a drill program that tested an area north of and below the Worcester gold mine in South Africa’s Barberton green…
MOST ACTIVE ISSUES (September 08, 1997)
ExchgVol(000s)CloseDenison MinesT70540.34CrystallexT…
Coeur d’Alene gets EIS OK for Kensington
The Final Supplemental Environmental Impact Statement (FSEIS) for the Kensington gold project in Alaska has been given the nod by the U.S Forest Service, the Environmental Protection Agency and the Ar…
Cumberland hits more gold at Meadowbank
Drilling at the recently discovered Bay zone at the Meadowbank property of Cumberland Resources (CBD-T) near Baker Lake, N.W.T., has recovered additional high-grade gold values.A first-phase drill pro…
TSE SHORT POSITIONS (September 08, 1997)
Short positions outstanding at August 15, 1997Larger individual positions include: Anvil Range Mining 125,500, up 125,500; Barrick Gold 10,721,067, down 1,083,831; Bema Gold 4,321,786, down 85,500; Ca…
Nord drills deeper in PNG
With the aid of an induced-polarization (IP) survey, Nord Pacific (NPF-T) has intercepted high-grade gold values at its Tabar Islands project in Papua New Guinea.The company initiated the survey over …
BHP, Northern Orion hit high grade in Argentina
High-grade gold and silver values have been intersected at the Agua Rica project in the northwestern Argentine province of Catamarca.Agua Rica is a large porphyry copper-gold-silver-molybdenum deposit…
Aranlee hits copper, gold in central Kazakstan
A geochemical sampling program by Aranlee Resources (ARB-V) at the Agadyr exploration licence in central Kazakstan has identified three prospective areas of mineralization.At the 640-sq.-km Zhekeduan …
ODDS ‘N’ SODS — Good help is hard to find
The Paymaster gold mine, near Timmins, Ont., reopened in 1933 under the ownership of Paymaster Consolidated Gold Mines, after that company had acquired several adjoining properties.The master mechanic…
LME WAREHOUSE LEVELS (September 08, 1997)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at Sept.2/97 (change from previous week in brackets):MetalStocks (tonnes)Change…