TORONTO STOCK EXCHANGE INDICES (May 26, 1997)
1997May 20May 19May 16May 15May 14HighLowComposit…
News
Flooding hampers development at Caribou
An inflow of water has temporarily halted development work at the Caribou polymetallic mine in New Brunswick.Breakwater Resources (BWR-T) reports that water entered the former producer from a nearby o…
METAL PRICES — Daily Metal Prices (May 26, 1997)
BASE METALS (London Metal Exchange – Midday bid/ask prices in US$ per tonne)DateMay 20May 19May 16May 15May 1…
Tenke signs deal with Zairian rebels
Despite the recent political upheaval in the former Zaire, Tenke Mining (TNK-T) has secured its rights to one of the largest, undeveloped copper deposits in the Central African nation.The company rece…
Partners boost Gross Rosebel reserves
Partners Cambior (CBJ-T) and Golden Star Resources (GSC-T) have boosted, by nearly a third, the estimated size of the Gross Rosebel gold project in northern Suriname.Proven and probable reserves now e…
Queenstake finds Carlin-Type in Peru
A gold target similar to gold deposits in Nevada’s Carlin trend has been identified on Queenstake Resources’ (QTR-T) wholly owned Conchaturio property in southern Peru.Surface and trench samples at th…
Mispec hits Indonesian gold
Drilling by Mispec Resources (MPE-M) at its Jampang gold project in Indonesia has identified two new zones of mineralization.The Pasir Keusik and Puteran-Simpang structures were identifed by reverse-C…
Tampering suspected in Golden Rule’s Ghana results
Faced with conflicting results from trench assaying at the Stenpad property in Ghana, Golden Rule Resources (GNU-T) and subsidiary Hixon Gold Resources (HGX-V) are investigating the possibility that t…
Rio Amarillo signs placements
Two private placements are intended to raise $487,500 for exploration drilling at the Guabisay gold-silver-Copper project in central Ecuador.Property-owner Rio Amarillo Mining (RIO-V) reports that A.R…
Atapa signs deal for properties in Java
After months of negotiations, Atapa Minerals (ATAP-C) and its private Indonesian partner have signed joint-Venture agreements with the Indonesian-state mining company, Aneka Tambang, for rights to the…
GeoNova reports `best hole ever’
A recent hole drilled by GeoNova Explorations (GNE-M) intersected 7.5 metres grading 12 grams gold per tonne (0.35 oz. over 25 ft.) at a mineral project north of Lebel-sur-Quevillon, in northwestern Q…
OBITUARY — John McIntosh
John Alexander (Sandy) McIntosh, a civil servant with a long history in the Canadian mining industry, has died. He was 53.Born in Flin Flon, Man., McIntosh graduated from the Haileybury School of Mine…