News

Montreal-based junior Vauquelin Mines (VAQ.A-M) has reported a net loss of $26,000 (or nil per share) for the 6-month period ended Dec. 31, 1996, compared with a net income of $1.1 million (12 cents p…

Drilling has dramatically enhanced the potential of Francisco Gold’s (FGX-V) El Sauzal gold project in Mexico’s Chihuahua state.Highlights from the second phase of drilling include: 261.5 metres avera…

Northern Orion (NNO-T) has granted Brooks Resources (BRC-V) an option to earn up to a 60% interest in the Campana Mahuida copper project in Argentina.The geologic resource is estimated at 76.15 millio…

Antoine Laoun appointed director and chairman of the audit committee.

Thomas Vehrs appointed president and chief operating officer.

Gold Funds as of February 27, 1997BGRCentralNet Value$23.11$6.26Price$19.35…

Metal stocks (in tonnes) held in London Metal Exchange warehouses at Mar.3/97 (change from previous week in brackets):Aluminium882,450(-18,800)Copper214,800(-5,250)Lead108,025(-450)Nickel45,618…

Construction is nearly complete and startup is fast approaching for the Lihir gold mine, on the tiny island of the same name.It will be the largest mine in the world to open in 1997, and when The Nort…

Ongoing exploration by Yamana Resources (YRI-T) will test an aeromagnetic anomaly and associated gold mineralization in the northern portion of the company’s Block I contact-of-work (CoW) application,…

South Africa’s minister of Mineral and Energy Affairs has a message for black- and foreign-owned exploration firms that are experiencing frustration in their attempts to acquire prospective ground in …

Partners High River Gold Mines (HRG-T) and Focal Resources (FCJ-A) have launched a US$5-million exploration program at five gold properties in Nicaragua.Geophysics, trenching and a substantial drill p…

With one season of drilling complete, Fortune Minerals (FORM-C) has calculated a preliminary resource figure for the Bowl zone at its Nico property near Mazenod Lake in the Northwest Territories.The p…