Teck advances Canabrava
At the Canabrava joint venture in Brazil’s Minas Gerais state, Teck (TEK-T) will continue with exploration drilling through 1997.The company holds an option to earn an initial 60% interest from Canabr…
News
PRODUCER PRICES (December 30, 1996)
ALUMINIUM: LME settlements US$1,489 per tonne, alloy $1,349 per tonne (Dec.17/96).ANTIMONY: Composite free market, US$2,075 per tonne (Dec. 16/96).BISMUTH: Composite free market US$3.20 per lb. (Dec. …
Rayrock sells interest in Pinson
A minority interest in Pinson Mining, held collectively by Rayrock Yellowknife Resources (RAY-T) and three private partners, has been sold to remaining partners Homestake Mining (HM-N) and Barrick Gol…
PEOPLE — NU-APEX (December 30, 1996)
John Fraser, Gary Schellenberg, Marshall Bertram and Joseph Tarnowski appointed directors.
PEOPLE — FORMATION CAPITAL (December 30, 1996)
Lloyd Nilsen appointed director.
PEOPLE — DALMATIAN RES.
Lee Downs appointed director.
PEOPLE — CRYSTALLEX INT’L (December 30, 1996)
Robert Nihon, Robert Fung, Daniel Ross and Armando Zullo appointed directors; Luca Riccio appointed vice-president of exploration.
Blame abounds in collapse of Geomaque/Milagro merger
The proposed merger of Geomaque Explorations (GEO-T) and Milagro Minerals (MLG-V) has been killed, but who pulled the trigger is being hotly debated by the companies.Geomaque balked at merging until “…
Peruvian Gold cuts narrow intervals
Exploration by Peruvian Gold (PVO-V) is testing a gold prospect in northern Ecuador.The latest results from the Encanto gold porphyry prospect include narrow, 1-metre intervals of mineralization rangi…
Royal Oak drills near Timmins
A diamond drill program by Royal Oak Mines (RYO-T) is testing geophysical anomalies on a property east of Timmins, Ont.The 1,200-metre program will test four targets previously identified through an i…
Cameco sits on top of the world with Kumtor
Saskatoon-based Cameco (CCO-T) has been in high spirits since production began recently at its Kumtor gold deposit in Kyrgyzstan.One of the world’s largest gold deposits, Kumtor is situated, at an ele…
Mansfield, Teck shutdown at Cerro Samenta
In a reversal of an earlier decision, a judge in Argentina has given the title of a property hosting the Cerro Samenta copper porphyry project to Salta resident Jorge Daroca, effectively ending work t…