PEOPLE — NORDAC
Douglas Goss appointed vp.
News
PEOPLE — NOBLE PEAK (December 01, 1997)
Ken Johnson appointed president and CEO.
EXPLORATION ROUNDUP — Noranda intersects massive sulphides in Brazil — Apparent multiple mineralized zones encountered at depth
The first three holes drilled by the Brazilian subsidiary of Noranda (NOR-T) at the Aripuana property in northern Mato Grosso state have intersected multiple zones of zinc-lead mineralization.Two hole…
PEOPLE – NIOCAN
Bernard Coulombe appointed vp.
EXPLORATION ROUNDUP — Fancamp to drill in southern Africa
A drill program is scheduled to test geophysical targets defined by Fancamp Resources (FNM-V) on the Proterozoic Okwa Terrane in Botswana.The junior says some geophysical targets appear to represent p…
Kit eyes Izok Lake
New developments at Bathurst Inlet in the Northwest Territories have induced Kit Resources (KIT-T) to acquire the nearby Izok Lake polymetallic property from owner Inmet Mining (IMN-T).Kit, which owns…
STOCK MARKET — Resource stocks on TSE fall into the pit — Market weakness aggravated by tighter bank rate
The Toronto Stock Exchange lost more ground over the trading period Nov.19-25, as an increase in the Bank of Canada’s overnight loan rate snuffed out a modest rally. The TSE 300 composite index closed…
EXPLORATION ROUNDUP — Gitennes Exploration confirms high-grade mineralization at Virgen
Vancouver-based Gitennes Exploration (GIT-A) has confirmed high-grade gold-bearing mineralization at the newly discovered Alumbre zone on its Virgen gold property in north-central Peru.Hole 97-33 inte…
EXPLORATION ROUNDUP — Cyprus benefits from Zambian privatization
Ongoing drilling has enabled Cyprus Amax Minerals (CYM-N) to outline a preliminary resource for the Kansanshi copper deposit in Zambia.The project — the first to have been awarded to a Western mining…
METAL PRICES Daily Metal Prices
BASE METALS (London Metal Exchange – Midday bid/ask prices in US$ per tonne)DateNov. 25Nov. 24Nov. 21Nov. 20N…
FACTS ‘N’ FIGURES — Antimony markets open up
Sources of antimony are diversifying in the late 1990s, according to a report from a London-based metals analyst.According to Roskill Information Services, new sources of antimony may result in greate…
EXPLORATION ROUNDUP — Placer extends depth of Samira deposit
Deep drilling by Placer Dome (PDG-T) on the Samira deposit in Niger has traced the main gold-bearing zone a further 50 metres to a vertical depth of 280 metres.From the five reported holes, the signif…