TORONTO STOCK EXCHANGE INDICES (September 15, 1997)
1997Sept 9Sept 8Sept 5Sept 4Sept 3HighLowComposit…
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LME WAREHOUSE LEVELS (September 15, 1997)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at Sept.9/97 (change from previous week in brackets):MetalStocks(tonnes)Change…
Barrick pulls plug on El Indio, Tambo — Three other mines slated for shutdown in 1999
Having tried, and failed, to turn around the Chilean operations of the former Lac Minerals, Barrick Gold (ABX-T) has moved to wipe the under-performingoperations off its books.The company has announce…
Minefinders buys back Echo Bay’s option on gold project in Chihuahua — Major gets cash, shares in return for interest in Dolores gold project
Echo Bay Mines (ECO-T) has relinquished its option to acquire a 60% interest in the Dolores gold project in Mexico’s Chihuahua state. In return, the property owner, Minefinders (MFL-V), will transfer …
Meridian sets sights on India
Meridian Minerals India, an 80%-owned subsidiary of Meridian Peak Resources (MRK-V), has been granted two prospecting licences in the northwestern Indian state of Rajasthan.The company has the right t…
Noveder drills for gold at Abitibi
Noveder (NED-M) has hit narrow intersections of high-grade gold mineralization in three holes drilled at the Abitibi project near Val d’Or, Que.Holes 19, 20 and 21 were drilled to verify the depth ext…
Eden Roc finds more Ivorian ore
An exploration program has enabled Eden Roc Mineral (EDN-T) to expand the Junction zone, as well as outline high-grade ore, at the Afema gold mine in Ivory Coast.Ore from the upper oxide portion of th…
MacMillan, Cambior explore Peru
Toronto-based MacMillan Gold (MMG-T) and a subsidiary of Cambior (CBJ-T) are teaming up to explore several properties in the Huamachuco area of north-central Peru.Both companies will fund a preliminar…
White Knight buys into Nevada property
White Knight Resources (WKR-V) can earn a 51% interest in the New Pass gold property in western Nevada from privately held Quest U.S.A. Resources.White Knight is required to make option payments total…
Freewest drilling near Timmins
A 5-hole, 1,000-metre drill program by Freewest Resources (FWR-T) will test the Bristol Twp. gold property in the Timmins region of northern Ontario.The program will test five separate induced-polariz…
MINERAL EXPLORATION — Downhole geophysics helps keep Voisey’s Bay II dream alive
Although they have yet to find economic base metal concentrations, juniors Columbia Yukon Resources (CYR-A) and International CanAlaska Resources (ICA-V) refuse to abandon the theory that the Eastern …
Banro Res. drills in Dem. Republic of Congo
Toronto-based Banro Resource (BNRS-C) has finally succeeded in airlifting some 90 tons of equipment — including two diamond-drill rigs — from South Africa to its Twangiza gold deposit in the Democra…