correction
Fairstar Explorations (FFR-M) plans to carry out a bulk sample in the order of 300-400 tonnes at the Fenelon A gold project in northwestern Quebec. Incorrect information appeared in our Dec. 8-14 issu…
News
Gold Reserve granted hard-rock rights at Las Brisas
With the publication of a special issue of the Official Gazette, the government of Venezuela has granted Gold Reserve (GLR-T) title to the hard-rock rights at Las Brisas, a copper-gold deposit in the …
Western markets — Cross Lake generates excitement from Timmins drill results
Over the shortened report period ended Dec. 18, the Vancouver Stock Exchange composite index gained 11.26 points, or 1.9%, to close at 595.45.The mining index was also up, rising 13.14 points, or 2.7%…
Hillsborough boosts production at Quinsam coal operation
Higher production and lower costs at the Quinsam coal mine enabled Hillsborough Resources (HLB-T) to report net income of $1.2 million for the first nine months of 1997.The company reported net income…
Apex sees silver lining
An initial public offering of US$55 million will be used by Denver-based Apex Silver Mines (SIL-X) for the development of its silver projects.The company recently completed the offering, based on five…
Correction (December 29, 1997)
Minpro International will be the name applied to the new company formed by the merger of Oro Blanco (ORBL-C) and privately owned Minpro. The company will trade on the Canadian Dealing Network under a …
Intrepid, Focal divide land holdings in Central America
An agreement between Intrepid Minerals (iau-a) and Focal Resources (fcj-v) will see the two companies split their joint-ventured properties in Central America, with Focal concentrating its efforts in …
ODDS ‘N’ SODS — Walking the dog
Among the most comical of all dogs is the low-slung, sad-eyed basset hound. They tend to be stubborn, almost untrainable, but are among the most lovable of a creatures.Little known by most people is t…
Royal Oak secures financing for Kemess
A group of institutions have committed to purchase US$45 million of secured notes from Royal Oak Mines (RYO-T), conditional to satisfactory documentation and completion of due diligence.The funds are …
Banro cuts more gold
Banro Resource (BNRS-C) has hit another long gold intersection at its Twangiza gold project in the Democratic Republic of Congo.Hole 3 hit 328 metres (from 126 to 454 metres) grading 1.64 grams gold p…
Minco adds to Chinese projects
Minco Mining & Metals (MMM-V) has signed two co-operation agreements with a large Chinese base-metal producer, Baiyin Non-Ferrous Metals (BNMC), covering a pair of base metal projects in China’s north…
Cominco cans Sa Dena Hes
Plans by Cominco (CLT-T) to reopen the Sa Dena Hes zinc-lead mine in southeastern Yukon have been cancelled following the deterioration of market conditions.Cominco, the operator, has a 25% interest i…