Index (March 09, 1998)
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News
STOCK MARKETS — Western markets see the sun through the clouds — Greystar, Great Basin rise on strength of encouraging results
The Vancouver Stock Exchange composite index gained 17.65 points, or 2.9%, to close at 630.65 over the report period ended March 3. The mining index followed that trend, rising 13.47 points, or 2.7%, …
EXPLORATION 1998 — Battle Mountain shifts exploration focus
Battle Mountain Gold (BMG-N) has restructured its exploration and corporate development groups in order to respond to opportunities that may result from the current industry downturn.Battle Mountain G…
EXPLORATION 1998 — Ontario land-use debate worries mining industry
Ontario may boast some of Canada’s most prospective ground, but some prospectors and mining companies say a new provincial land-use designation program is a threat to mineral exploration and developme…
Archon Minerals to gain stake in Buffer zone claims in N.W.T.
Prospector Stewart Blusson is vending his 31.2% participating interest in the outlying Buffer zone portion of the Ekati diamond mine project to Archon Minerals (ACS-V).Ekati, which will soon become Ca…
Oliver, Trillion to sell Segala gold project to Nevsun
Nevsun Resources (NSU-T) has entered into an agreement to purchase the Segala gold project in Mali, held 50-50 by Oliver Gold (OGO-V) and CMC, a 51%-owned subsidiary of Trillion Resources (TLQ-T).Half…
PDAC to honor Rebagliati as top prospector of 1997
It is perhaps ironic that Mark Rebagliati will receive the Bill Dennis Award for Prospector of the Year for discoveries he made in British Columbia, a province in which exploration spending and develo…
EXPLORATION 1998 — Sunshine puts Pirquitas development in high gear
While the price of silver is robust, Sunshine Mining & Refining (SSC-N) is stepping up the pace of development at its Pirquitas silver-tin project in Argentina.The price of silver leapt past US$7 per …
Teck and Western Copper advance San Nicolas project
With 17 holes completed to date, Teck (TEK-T) and joint-venture partner Western Copper Holdings (WTC-T) are working to determine the scope of the San Nicolas massive sulphide find in Mexico’s Zacateca…
Norcen sale has Noranda poised for growth — Proceeds available for mining, capital investment
Base metal producer Noranda (NOR-T) saw its earnings improve in the fourth quarter, and in 1997 as a whole.The Toronto-based major made $64 million (or 24cents per share) for the fourth quarter and $2…
Glimmer development yields revenue
A bulk-sampling program at their Glimmer mine, near Matheson, Ont., has produced 39,852 oz. gold for partners Exall Resources (EXL-T) and Glimmer Resources (GME-V).Proceeds from the sale of that produ…
SUPPLIERS NEWS ROUNDUP — Major Drilling buys Midwest
Moncton, N.B.-based Major Drilling Group International has completed the purchase of Midwest Drilling and two related companies, Wescore Drilling and R.M. McIsaac Drilling.Midwest is one of the larges…