Tri Origin drills near Carlin trend
A drill program by Tri Origin Exploration (TOE-T) will test the Lone Mountain property in northern Nevada.The project is held by Tri Origin and its Australian partner, Plutonic Resources, with the for…
News
Virginia, Noranda explore La Grande Nord property
Virginia Gold Mines (VIA-M) and Noranda Mining & Exploration are encouraged by exploration results from their jointly held La Grande Nord property in the James Bay area of northwestern Quebec.Within t…
MacMillan to test for Peruvian gold
An exploration program by MacMillan Gold (MMG-T) will test a newly optioned gold property 200 km south of the Pierina gold deposit (owned by Barrick Gold) in western Peru.MacMillan signed an option ag…
Coal produces black ink for Hillsborough
Net income of $545,000 was reported by coal producer Hillsborough Resources .T(HLB-T) for the second quarter of 1997, compared with income of $9.3 million a year earlier.The 1996 results included a ga…
Roycefield adds to Beaver Brook deposit
Roycefield Resources (RYC-T) has boosted the antimony resource at the Beaver Brook deposit in central Newfoundland.With the latest drilling, Roycefield has added 500,000 tonnes grading 3% antimony (us…
Madsen sinks cash into namesake mine
Madsen Gold (MGF-T) has formulated plans to spend $3.5 million on underground exploration and development at the newly reopened Madsen gold mine, near Red Lake, Ont.The mine, which has been producing …
Mt. Polley mine enters commercial production
Though not yet completely commissioned, the Mt. Polley mine near Williams Lake, B.C., has officially opened.Imperial Metals (IPM-T) is operating the project, in which it owns a 55% interest. The remai…
TSE SHORT POSITIONS (September 22, 1997)
Short positions outstanding at August 31, 1997Larger individual positions include: Armada Gold 114,900, up 114,900; Aur Resources 331,050, up 330,250; Barrick Gold 10,977,077, up 256,010; Bema Gold 4,…
METAL PRICES — Daily Metal Prices (September 22, 1997)
BASE METALS (London Metal Exchange – Midday bid/ask prices in US$ per tonne)DateSept 16Sept 15Sept 12Sept 11S…
Monarch sells Venezuelan interests to Bolivar
Choosing to concentrate on its Mexican projects, Monarch Resources (MRE-T) has reached an agreement to sell its Venezuelan properties to Bolivar Goldfields (BVG-T).Bolivar will take over the mine know…
Pangea uncovers gold mineralization in Tanzania
Partners Pangea Goldfields (PGD-T) and Explorations Minires du Nord (MDN-M) have discovered significant gold mineralization on the Kanegele block in the Lake Victoria Goldfields district of Tanzania.A…
NEWS IN BRIEF (September 15, 1997)
Takura Minerals (TKM-V) has changed its name to Consolidated African Mining (AFC-V) on a 1-new-for-2-old-share basis.