NovaWest options Raglan properties
Vancouver-based NovaWest Resources (NVE-V) is optioning five additional properties in the Raglan nickel-Copper-platinum camp on the Ungava peninsula of northern Quebec.The newly acquired properties co…
News
Sur American Gold postpones $8.5-Million financing
Sur American Gold (SUR-A) has postponed its recently announced $8.55-Million financing in light of the ongoing market turmoil surrounding Bre-X Minerals (BXM-T).The financing, along with $2.4 million …
Houston Lake extends gold zone at Dogpaw Lake — Junior company options formerly producing Arrow and Vimy mines
Drilling on the Dogpaw Lake property in northwestern Ontario has enabled Houston Lake Mining (HLM-A) to more than double the known strike length of gold mineralization.Houston Lake holds an option to …
Cons. Callinan returns mixed results from Lynn Lake
Diamond drilling at the Lynn Lake property near Flin Flon, Man., has returned lower gold grades and higher base metal values than previous intercepts.The assays also confirmed the continuity of minera…
Southern Peru gets funds for expansion
Having arranged a multi-Million-dollar loan, Southern Peru Copper (PCU-N) is embarking on a program aimed at expanding and modifying its operations.The first stage in the project calls for expansion o…
Digger drills core at Copperhead gold project — Sister company Cepeda also drilling in Carolinas
The coastal plain of North Carolina is giving up a few of its secrets now that Digger Resources (DIG-V) has begun core drilling at the Copperhead gold project.Since 1996, when drilling began, Digger h…
Friedland sues United States — Former mine owner seeking damages
The first wayward trickle from the ill-fated Summitville gold mine led to a flood of environmental and legal controversy — and it’s not over yet.Canadian lawyers representing Robert Friedland (inset)…
CIM to focus on Central America
Heap-leach gold operations in Central America will be discussed at a luncheon hosted by the Canadian Institute of Mining, Metallurgy & Petroleum, to be held at 12 noon, Thursday, April 17 at Toronto’s…
LATIN AMERICA — Jordex resumes work in Bolivia — Barrick withdraws from joint venture
Having spent US$1.6 million of the US$2 million required to earn a 60% interest, Barrick Gold (ABX-T) is withdrawing from a joint-venture aimed at exploring 11 properties held by Jordex Resources (JDX…
EDITORIAL PAGE — `Insignificant amounts of gold’ — Busang goes bust
The Bre-X story will probably play itself out on the world stage for months to come, but it is now safe to say that something went terribly wrong at the company’s Busang gold project in Indonesia.We w…
LATIN AMERICA — Manhattan increases rights at Tambo Grande property
In an agreement reached with LaSource Miniere of France, Manhattan Minerals (MAN-T) will increase its rights to the Tambo Grande massive sulphide project in Peru to 75% from 52.5%.Once a feasibility s…
GOLD FUNDS (April 07, 1997)
Gold Funds as of March 27, 1997BGRCentralNet Value$21.59$6.11Price$17.75$…