Great Central considers options Down Under
An attempt by Great Central Mines (GTCMY-Q) to shore up holdings in the Yandal and Wiluna mineral belts of Western Australia is faltering as the closing date for the proposed transaction approaches.In…
News
STOCK MARKETS — TSE breaks through 7,000 ceiling for the first time — Mining stocks buck trend, plummet to 1997 low
For the first time in the history of the Toronto Stock Exchange, the 300 composite index has smashed through the 7,000 level.The index climbed 188.98 points, or 2.8%, over the report period ended Sept…
Navan Resources embarks on Spanish mine construction
The first stage of construction is under way at the Aguas Tenidas zinc project in Spain’s Pyrite belt.The operator, London-listed Navan Resources, has contracted Spanish firm Ingemisa Servicios to dri…
GLOBAL SEARCH FOR GOLD — Goldeye Resources active in Temagami area
Goldeye Explorations (GEYE-C) has acquired a 17.5-sq.-km property in Tyrrell Twp. covering Archean greenstones west of the Huronian boundary in northern Ontario.The property vendor, a syndicate largel…
GLOBAL SEARCH FOR GOLD — Menora explores in Middle East
Toronto-based Menora Resources (MEN-M) is stepping up its exploration efforts in Yemen.In addition to completing a drill program at the Tassawini gold property, the country has launched a reconnaissan…
GLOBAL SEARCH FOR DIAMONDS — Gerle, Monopros scouring Doyle
Drilling is in progress at the Doyle Lake diamond property in the Northwest Territories.Gerle Gold (GGL-V) holds a 40% operating interest in the property under the direction of Monopros, a wholly owne…
GLOBAL SEARCH FOR GOLD — Initial exploration program pays off for Waseco in Java
A first phase of exploration by Waseco Resources (WSCO-C) has identified epithermal-type gold mineralization at its 33,000-ha Tikkur property on the Indonesian island of Java.The $200,000 program, whi…
GLOBAL SEARCH FOR GOLD — Juniors hit hot holes in Nevada
Vancouver-based juniors White Knight Resources (WKR-V) and Chapleau Resources (CHI-V) have intersected significant gold values at their 6,200-acre Indian Ranch property in Nevada’s Eureka Cty.Hole 97-…
METAL PRICES — Daily Metal Prices (September 29, 1997)
BASE METALS (London Metal Exchange – Midday bid/ask prices in US$ per tonne)DateSept. 23Sept. 22Sept. 19Sept. 18…
Western Pacific eyes Chilean properties
Western Pacific Mining Exploration (WPC-M) has signed an agreement to earn interests in a small polymetallic producer and two former producers near Vallenar, in central Chile.The agreement, which is s…
GLOBAL SEARCH FOR DIAMONDS — Ashton, Pure Gold find more diamonds in Alberta
Operator Ashton Mining of Canada (ACA-T) and partner Pure Gold Resources (PUG-T) have received mixed results from drilling into kimberlite pipes at their Buffalo Hills project in north-central Alberta…
Armistice tests potential of Virginiatown bet
Armistice Resources (ACI-T) continues to explore the potential of its Virginiatown gold property in northeastern Ontario.Drilling this past summer was concentrated at or below the 2,250-ft.level, gene…