TVX closes financing
The proceeds of a recently completed US$180-million financing will be used by TVX Gold (TVX-T) for general working purposes and project development.The financing syndicate was led by the Chase Manhatt…
News
Venezuelan court upsets Gold Reserve
A ruling by the Venezuelan Supreme Court suspending the issuing of mining concessions in the Imataca Forest Preserve could frustrate Gold Reserve (GLR-T) in its efforts to obtain hardrock mineral righ…
EXPLORATION ROUNDUP — Inmet, Altavista drill at Wild Mick
Partners Inmet Mining (IMN-T) and Altavista Mines (AIA-M) have intersected gold and silver mineralization at the Wild Mick property in central Zimbabwe.Seventeen holes, totalling 3,996 metres, were dr…
LME WAREHOUSE LEVELS (December 01, 1997)
Metalstocks (in tonnes) held in London Metal Exchange warehouses at Nov.24/97 (change from previous week in brackets):MetalStock(tonnes)Change…
Nelson sustains Tajikistani output
Nelson Gold (NLG-T) has maintained production levels at its partially owned Jilau gold mine in Tajikistan while decreasing its losses in the third quarter.The company is also a partner in the Taror co…
PEOPLE — LUZON (December 01, 1997)
Hans Schwabl appointed president.
PEOPLE – LUCERO
Wayne Shaw elected director.
PEOPLE — LA TEKO (December 01, 1997)
Stuart Havenstrite elected director.
Student research grants available from SEC
The Colorado-based Society of Economic Geologists (SEG) has announced that research grants totalling US$40,000 will be available to students in 1998.The grants will be made available, under three sepa…
PEOPLE — GULF INT’L (December 01, 1997)
John Morgan elected director.
Golden Star drills for gold in Guyana
Preliminary drilling at the Eagle Mountain project in central Guyana, 80 km west of the Omai gold mine, is returning significant gold grades for Golden Star Resources (GSR-X).Drilling at the Kilroy zo…
PEOPLE – GRANBY
James Lee Marcuerquiaga elected director.