PEOPLE — METALLICA (May 12, 1997)
Brad Blacketor appointed chief financial officer.
News
PEOPLE — IVANHOE CAPITAL
Jonathan Challis appointed senior vice-president.
PEOPLE — CURION VENTURE
Bruno Mosimann appointed vice-president.
PEOPLE — CONS. SILVER TUSK (May 12, 1997)
Alan Smith appointed director.
LME WHSE LEVELS (May 12, 1997)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at May 5/97 (change from previous week in brackets):Aluminium792,625(-9,475)Copper148,925(+7,850)Lead113,950(-550)Nickel50,316…
GOLD FUNDS (May 12, 1997)
Gold Funds as of May 1, 1997BGRCentralNet Value$20.87$5.83Price$15.50$5.7…
Falsification and misrepresentation taint Bre-X
The only gold at the Busang property in Kalimantan, Indonesia, was the gold someone put there.With that conclusion, a technical audit on the exploration program at Busang administered the coup de grce…
PEOPLE — BROOKS
Michael Heenan appointed director.
Excellon drills in Mexico
A 2,000-Metre program of reverse-circulation drilling is under way at the Centauro property in Mexico’s Chihuahua state.Operator Excellon Resources (EXN-V) can earn a 65% interest in the concession fr…
Junior options Soquem ground
Privately held McKenzie Bay Resources, based in Brighton, Mich., has reached an option agreement with Quebec government-owned Soquem to develop the eastern portion of the Dor Lake vanadium and titaniu…
Newmont and Santa Fe vote in favor of merger plan
Shareholders of both Santa Fe Pacific Gold (GLD-N) and Newmont Mining (NEM-N) have expressed their overwhelming support for a proposed merger.During a special meeting, both groups of shareholders met …
Breakwater revives Caribou operation — Company turns $3-Million profit in first quarter
Toronto-based Breakwater Resources (BWR-T) will soon have a third wholly owned zinc operation in production — the resuscitated Caribou project in northern New Brunswick.At the company’s annual meetin…