Nord Pacific hits high grade in PNG
Nord Pacific (NPF-T) has intersected more high-grade gold at its prospects on Simberi Island, Papua New GuineaThe best hole at Pigiput, No. P34, returned 5 metres (from 129 to 134 metres grading) grad…
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Faro mine slated for new lease — Swiss firm to buy lead, zinc in 1998
Short-term financing from Cominco (CLT-T) and a sales agreement with metal merchants Glencore Group should enable Anvil Range Mining (ARO-T) to resume production at the Faro lead-zinc mine in the Yuko…
EDITORIAL — A case for domestic exploration — Home-grown gold
In 1992, gold producers in the U.S. spent more than half their exploration dollars examining prospects in their own backyard. By 1996, as mineral opportunities opened up all over the world, domestic p…
Teck buys stake in Ventures Resources — Additional financing opens door for more exploration
Teck (TEK-T) has agreed to invest $4.1 million in Ventures Resource (VRS-V) for the exploration of the junior’s Veta property in Alaska.The investment gives Teck the right to select and earn a 60% int…
PRODUCER & DEALER PRICES (December 01, 1997)
Aluminium: LME settlements US$1,581.50, alloy US$1,447 per tonne (Nov.25/97).Antimony: Representative mid-market US$1,675 per tonne (Nov. 25/97).Bismuth: Representative mid-market US$3.35 per lb. (Nov…
EXPLORATION ROUNDUP — AMT plans Copper Creek development
San Manuel, Ariz. — AMT International Mining (AAI-T) has fulfilled its obligation to earn a half interest in the Copper Creek project of Broken Hill Proprietary (BHP-N) and is waiting for the Austral…
EXPLORATION ROUNDUP — Kiwis push for revival of mineral exploration — Conference opens window on New Zealand
Auckland, New Zealand — Exploration and mining are welcome in New Zealand as long as companies are prepared to meet high environmental standards and be good corporate citizens, government officials t…
EXPLORATION ROUNDUP — Virginia sizes up La Grande Sud Drilling under way at two other Quebec properties
Northern Quebec is certainly no stranger to mineral exploration, but, unlike many companies active there, Virginia Gold Mines (VIA-M) has chosen to focus on previously unworked territory.The junior ho…
Niocan expands niobium property
Niocan (NIO-M)has added the mineral rights of the closed St. Lawrence Columbium & Metals mine to its 970-acre niobium prospect near Oka, west of Montreal, Que.The newly added claims, which total 630 a…
Rayrock companies reorganize as Pyx Mining
A new company, Pyx Mining, has been formed through the combination of Rayrock Yellowknife Resources (RAY-T), Minera Rayrock (MRN-T) and Inter-Rock Gold (IRO-T).Under the terms of the proposal, Rayrock…
Westmin snubs attempted takeover by Boliden — Vancouver company may exercise shareholder rights protection plan
The board of directors of Westmin Resources (WMI-T) has determined that an unsolicited $593-million takeover bid by Boliden (BOL.IR-T) is “inadequate and not in the shareholders’ best interests.”Bolid…
EXPLORATION ROUNDUP — Argosy drills for gold in Slovakia — Gold distribution augurs well for cost projections
Junior Argosy Mining (AGO-V) continues to expand reserves at Kremnica, a former gold and silver producer in central Slovakia.The project comprises 28 sq. km in the Kremnica epithermal district, about …