MOST ACTIVE ISSUES, Sept. 3-9
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TORONTO STOCK EXCHANGE INDICES (September 15, 1997)
1997Sept 9Sept 8Sept 5Sept 4Sept 3HighLowComposit…
LME WAREHOUSE LEVELS (September 15, 1997)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at Sept.9/97 (change from previous week in brackets):MetalStocks(tonnes)Change…
Barrick pulls plug on El Indio, Tambo — Three other mines slated for shutdown in 1999
Having tried, and failed, to turn around the Chilean operations of the former Lac Minerals, Barrick Gold (ABX-T) has moved to wipe the under-performingoperations off its books.The company has announce…
Minefinders buys back Echo Bay’s option on gold project in Chihuahua — Major gets cash, shares in return for interest in Dolores gold project
Echo Bay Mines (ECO-T) has relinquished its option to acquire a 60% interest in the Dolores gold project in Mexico’s Chihuahua state. In return, the property owner, Minefinders (MFL-V), will transfer …
Meridian sets sights on India
Meridian Minerals India, an 80%-owned subsidiary of Meridian Peak Resources (MRK-V), has been granted two prospecting licences in the northwestern Indian state of Rajasthan.The company has the right t…
Noveder drills for gold at Abitibi
Noveder (NED-M) has hit narrow intersections of high-grade gold mineralization in three holes drilled at the Abitibi project near Val d’Or, Que.Holes 19, 20 and 21 were drilled to verify the depth ext…
Eden Roc finds more Ivorian ore
An exploration program has enabled Eden Roc Mineral (EDN-T) to expand the Junction zone, as well as outline high-grade ore, at the Afema gold mine in Ivory Coast.Ore from the upper oxide portion of th…
TNK recovers macros at Gope
Results from 21 of 25 samples from the Gope project in Botswana show three macrodiamonds (larger than 1 mm) and 50 smaller stones from 1,330 kg of kimberlitic material.Project owner and operator TNK R…
MINERAL EXPLORATION — Spider and KWG pursue Wawa diamonds
Spider Resources (SPQ-A) and equal joint-venture partner and affiliate KWG Resources (KWG-T) have wrapped up a first phase of exploration work at their diamond property north of Wawa, Ont., alongside …
MINERAL EXPLORATION — Exploring in West Africa poses challenge — Ghana Goldfields follows in footsteps of predecessors
The bedrock may have similarities to rocks underlying the great gold camps of Eastern Canada, but tropical weathering and other differences in the surficial environment pose challenges for Canadian co…
MINERAL EXPLORATION — Termites guide companies to gold
Termites can be a costly nuisance to urban dwellers, but, for companies exploring for gold in Africa, they can be used to save thousands of dollars and point the way to a bonanza.The tiny, ant-like in…