Pelangio aims drills at Bristol Twp.
Drilling by Pelangio Larder Mines (PLLM-C) is under way at the Poirier prospect in Bristol Twp., west of Timmins, Ont.Pelangio, which is earning a 50% interest from Copper Dome Mines (cpj-a), is drill…
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Cartaway poised to drill in Labrador
Sapphires in the south and nickel-copper-cobalt farther north represent the commodities being sought in Labrador by Cartaway Resources (cwa-a).The junior has established a camp and started a program o…
River Gold mills ore from Edwards mine
Ore from the Edwards gold mine near Dubreilville, Ont. — one of the richest deposits in Canada — is being processed commercially for the first time.Mine owner VenCan Gold (VCG-M) reports that the fi…
Gold Reserve passes audit
A study by Behre Dolbear has concluded that data collection procedures used by Gold Reserve (glr-t) at its Brisas gold deposit in southeastern Venezuela meet or exceed accepted industry standards.Othe…
Battle Mountain, Orvana option Chilean property
The Copper Line joint venture of Battle Mountain Gold (BMG-N) and Orvana Minerals (ORV-T) has reached an agreement-in-principal with the Chilean state mining enterprise Codelco that will expand the jo…
Plata Mining seeks Argentine gold and zinc
Junior Plata Mining (PMT-A) is setting its sights on developing its Argentine gold and zinc properties while it tries to overcome financing problems.The Buenos Aires-based company is headed by Preside…
FACTS ‘N’ FIGURES — Greenland exploration on rise
The last operating mine in Greenland closed in 1991, prompting the government there to amend the Mineral Resources Act. The move was intended to bolster the island’s sagging mineral resources sector.N…
GOLD FUNDS (September 01, 1997)
Gold Funds as of August 21, 1997BGRCentralNet Value$18.73$5.61Price$14.65…
STOCK MARKETS — Base metals beaten down again on TSE — Broad market heads nowhere but golds finally move higher
The Toronto Stock Exchange was uninspired during the trading period Aug.20-26, losing 17.97 points to close Aug. 26 at 6,697.91. The base metals, oil and gas, and real estate sectors were the major dr…
EDITORIAL — Investors place premium on growth in mining — Busang slows merger mania
The top brass of the major brokerage firms love them; lawyers love them; and so do accountants. Most important of all, investors love them, forgetting, as many do, that if two plus two can equal five,…
Royal Oak finds deeper gold near Colomac
Drill results suggest that the Colomac gold mine in the Northwest Territories may have potential to continue as an underground operation once production at the open pit ceases this autumn.Various expl…
PRODUCER AND DEALER PRICES (September 01, 1997)
Aluminium: LME settlements US$1,764 per tonne, alloy $1,455 per tonne (Aug.26/97).Antimony: Composite free market, US$1,880 per tonne (Aug. 25/97).Bismuth: Composite free market US$3.60 per lb. (Aug. …