BHP, partner eye Ofi Creek
Edmonton-based Western Pacific Gold (WPI-A) and BHP Minerals have received ministerial approval for their Ofi Creek exploration licence in Papua New Guinea.Through its subsidiary Magma Mines, Western …
News
Int’l Pursuit takes over Dayak Goldfields
By taking over Dayak Goldfields, International Pursuit (IPJ-T) has become the largest holder of exploration rights in Kalimantan, Indonesia.Pursuit issued 5.4 million shares to Dayak’s shareholders, t…
Curator estimates 15-22 years for Boleo
Preliminary plans show that the Boleo copper-cobalt project in Baja California, Mexico, could generate annual profits of US$170 million at a production rate of 15,000 tonnes per day.International Cura…
Results leave Corriente cold
Partial drill results from the Chama project in Peru indicate the presence of widespread but low-grade mineralization for Corriente Resources (CTQ-T).Drill holes 1, 2, 3, 5 and 6 were drilled in the s…
Richmont to acquire Louvem
Rouyn-Noranda-based Richmont Mines (RIC-T) has made a bid to take over Montreal-based Louvem Mines (LOV-T).Richmont’s bid is by way of an exchange for all the issued and outstanding shares of Louvem M…
Northern Orion inks deal
The Argentine subsidiary of Northern Orion Explorations (NNO-T) has entered into an option agreement with the Latin American subsidiary of Mincorp on the project known as El Dorado.The agreement requi…
William looks to boost output — Hedging program enables junior company to almost double revenue
After a year of involvement in acquisitions and takeovers, William Resources (WIM-T) is turning its attention to improving gold production.”We are now focusing on operations,” President Stan Bharti to…
DIAMOND NEWS ROUNDUP — Spider, KWG busy in Brazil
Joint-Venture partners KWG Resources (KWG-T) and Spider Resources (SPQ-A) have recovered lamproite indicator minerals from five samples taken from the Contendas structure in central Brazil.The samples…
Rux Resources signs agreement for Russia’s Vorontsovsk gold deposit — Junior must complete scoping study and examine social aspects
A letter of intent with two Russian companies sets the stage for Rux Resources (RUXR-c) to acquire a 49% interest in the Vorontsovsk gold deposit situated 400 km north of Yekaterinburg, Russia.Previou…
DIAMOND PAGE — Ashton focuses on Roundrock play
Ashton Mining of Canada (ACA-T) will examine new indicator mineral targets on the Roundrock property in the Northwest Territories.Drilling last summer resulted in the discovery of the Aquila diamondif…
LETTER TO THE EDITOR — Ontario committed to regulatory reform
I am writing in response to the commentary on the Ontario regulatory process (T.N.M, May 12/97).I was quite disappointed to see such a portrayal of Ontario’s regulatory system in your publication. The…
STOCK MARKETS — Vancouver composite drops below 1,000, ASE off as well — Mexican explorers Hemlock and Francisco fare well as El Misti Gold continues slide
The Vancouver Stock Exchange composite index lost 10.51 points over the report period ended June 3 to close at 990.08. The combined value of the Alberta Stock Exchange was also off, shedding 19.81 poi…