PEOPLE — IMP
Alexander Cox appointed president and chief executive officer; and Paul Schiller appointed chairman.
News
Argentine silver keeps Yamana active
In the country named for silver, Yamana Resources (YRI-T) has located four new precious-Metal systems, some of which exhibit bonanza grades of the white metal.These discoveries took place in the vicin…
STOCK MARKETS — Toronto markets take slow slide in a slow week — Base metals follow broad market as golds hit new low
The June 25-30 trading period saw the Toronto Stock Exchange coast downhill in advance of the July 1 national holiday. Over three days of moderate trading and one day of light action, the TSE 300 comp…
GREATEST VALUE TRADED, JUNE 25-JULY 1
ExchgValue($000s)HighLowCloseChangeBarrick GoldT1…
Pursuit trenches Mongolian skarn prospect
Following in the footsteps of a Soviet exploration crew in the 1980s, International Pursuit (IPJ-T) has confirmed a surface showing of gold mineralization at its Ulzit Gol licence area in west-Central…
Kemess project moves closer to production — British Columbia government and Royal Oak reach agreement
A formal agreement between British Columbia and Royal Oak Mines (RYO-T) will pave the way for development of a copper-gold mine in the province’s north-Central region.The company had been at odds with…
Companies reach deal in PNG
Australian-based Carpenter Pacific Resources has agreed to transfer to Mt.Kare Gold Resources a 10% free-Carried interest (to mine feasibility) in the Mt. Kare property, which is situated near the Por…
PEOPLE — HERA
Peter Jensen appointed director.
PEOPLE — QUARTERMAIN
Norman Burmeister and Norman Anderson elected directors.
EDITORIAL AND COMMENTARY — One-Two punch for Indonesian explorers — Apocalypse CoW
For companies exploring mineral projects in Indonesia, 1997 will be remembered as the Year of Living Dangerously.In April, junior companies holding ground near Bre-X Minerals’ Busang project were hamm…
PEOPLE — BREN-MAR
Stewart Jackson appointed director.
Correction (July 07, 1997)
In our June 30 issue, we incorrectly stated that Highland Pacific and its partner, Nord Pacific (NORPF-G), had secured financing for the Ramu nickel-Cobalt project in Papua New Guinea. In fact, financ…