Suicide of Bre-X geologist shocks markets
The apparent suicide of Michael de Guzman, chief geologist for Bre-X Minerals (BXM-T), on March 18 sent shock waves throughout the mining community and, in the process, cast the first doubts about the…
News
Exall hits high-grade mineralization at Glimmer mine in Ontario’s north
Ongoing diamond drilling at the Glimmer gold mine near Matheson, Ont., is returning excellent results for Exall Resources (EXL-T).The company has a 65.53% interest in the project, with the remainder h…
Champion outlines gold zone at depth
Preliminary drill results from the Takatu gold project in Guyana show that gold values in surface rocks persist at depth in sulphide-bearing rock.Champion Resources (CHL-V) reports that the first diam…
ODDS’N’SODS — The age of the leasers
The 1920s marked the end of the road for most of the original silver mines in Cobalt, Ont.The sudden collapse of the local industry created a unique situation in the town. Many of the workings were st…
GREATEST VALUE TRADED (March 31, 1997)
ExchgValue($000s)HighLowCloseChangeBre-X MnrlsT38…
THE DIAMOND PAGE — Spider Resources acquires African diamond concessions
Montreal-based diamond explorer Spider Resources(SPQ-A) has acquired options on two adjacent concessions in Guinea, West Africa.The company can earn a 50% interest in an alluvial deposit and a 70% int…
STOCK MARKETS — Bre-X debacle leaves TSE bloody
The Toronto Stock Exchange looked like it was having a routine week, until the junior mines went over the cliff.The chain of events started with an announcement, on the morning of March 26, that tradi…
Spot prices at a glance (March 31, 1997)
Wednesday, March 26, 1997Price (US)Week’s ChangeGold*$346.80- $2.15Silver*$ 5.09…
MOST ACTIVE ISSUES (March 31, 1997)
ExchgVol(000’s)CloseBre-X MnrlsT2434415.50Rochester MinlV…
TSE INDICES (March 31, 1997)
1997Mar 25Mar 24Mar 21Mar 20Mar 19HighLowComposit…
Drilling expands Cerro Casale
Four drill rigs continue to work at establishing the ultimate size of the Cerro Casale gold-copper porphyry deposit on the Aldebaran property in northern Chile.Property owner Arizona Star Resource (AZ…
Northern Crown reports solid results from Guadalupe project
Drill results from a recently discovered zone at Northern Crown Mines’ (COB-V) Guadalupe de Los Reyes project in northwestern Mexico continue to return gold and silver values.Holes 9 through 15, as we…