Mongolia Gold outlines strong anomaly at Bumbat
A property-wide sampling program at Mongolia Gold Resources’ (MGR-V) 49%-owned Bumbat Gold Field property in Mongolia has identified an open-ended gold-in-soil anomaly measuring 1,700 metres long by 2…
News
Commentary — Mining and elections
The author is the new project manager of Keep Mining in Canada, a grassroots campaign designed to increase awareness of the importance of mining in this country.With an election call fast approaching,…
STOCK MARKETS — Western markets dance the cucaracha
The Vancouver Stock Exchange composite index rose 15.77 points, or 1.18%, over the report period ended March 11, closing at 1347.18. The resource index rose was up just a notch, adding 4.6 points, or …
Northern Crown expands gold-silver deposit in western Mexico
Drilling has expanded the Guadalupe de los Reyes gold-silver project in Mexico’s Sinaloa state, Northern Crown Mines (COB-V) reports.Results include assays from 11 holes drilled in the Zapote zone, on…
Musselwhite mine yields yellow metal
Placer Dome’s (PDG-T) 68%-owned Musselwhite mine in northern Ontario has poured its first gold.Situated 120 km north of Pickle Lake, the mine is slated to produce 200,000 oz. gold per year for about 1…
Hecla to proceed at La Jojoba
Hecla Mining (HL-N) will proceed with exploration and development of Aquiline Resources’ (AQI-V) La Jojoba gold project in Mexico’s Sonora state.To earn a 60% interest in the property, Hecla will reim…
Newmex to explore Mexican properties
With cash in hand from a large financing, Newmex Mining (MEX-T) will set about exploring its two Mexican gold properties.Created in February by Great Lakes Minerals (GLK-T), Newmex is a wholly owned s…
Prime Equities gains Chilean project
A gold prospect in Chile’s Maricunga district has caught the eye of Prime Equities International (PQE-V), a junior company founded by Murray Pezim and now headed by his son, Michael.The company holds …
Eden Roc drills oxide zone in Africa
Toronto-based Eden Roc Mineral (EDN-T) has found gold mineralization in a trenched and drilled oxide zone in Ivory Coast. The permit is held by Somiaf, which, in turn, is owned 68% by operator Eden Ro…
EXPLORATION 1997 — Hot prospects draw diamond juniors to Namibia
It has long been known that many diamonds from the kimberlites of the Orange River watershed in southern Africa washed into the Atlantic Ocean and were pushed northward by the prevailing currents. De …
EXPLORATION 1997 — Trio eyes African gold concessions
By mid-April of this year, Trio Gold (TGK-A) hopes to complete a due diligence review of its proposed acquisition of Sedcore Exploration, a private company incorporated in Ghana, West Africa.The acqui…
PRODUCER PRICES (March 10, 1997)
ALUMINIUM: LME settlements US$1,667 per tonne, alloy $1,540 per tonne (Mar. 4/97).ANTIMONY: Composite free market, US$2,300 per tonne (Mar. 4/97).BISMUTH: Composite free market US$3.00 per lb. (Mar. 4…