LATIN AMERICA — Corner Bay arranges financing
A recent private placement is expected to provide gross proceeds of $8.7 million for Corner Bay Minerals (BAY-T), a junior company actively exploring for copper and gold in Canada, the southwestern U….
News
LATIN AMERICA — Bema reports loss despite Refugio startup — New heap-leach operation generates profits of US$4.2 million
Despite having brought Chile’s Refugio gold mine into production, Bema Gold (BGO-T) found itself in the red at the end of 1996.The company recorded a loss of US$2.7 million (or 5 cents per share), com…
LATIN AMERICA — Sulliden drilling in northern Peru — First-phase program to test gold-silver property
Junior Sulliden Exploration (SUE-M) has kicked off the first phase of an exploration program on Las Huaquillas, a gold-silver property in northern Peru.Two drills are being employed to complete a 5-ho…
Kimberlites prove elusive for Kennecott in S.E. Alberta
A drill program aimed at uncovering kimberlites on the Masumeka property in the Hinton area of Alberta has proved unsuccessful.Kennecott Canada tested eight high-priority magnetic targets in a program…
LATIN AMERICA — Exploration by Minefinders expands potential of Chabacan Main zone — Recent drill programs have extended preliminary resource estimate
Although previous exploration of the East zone in the Chabacan target area produced mixed results for Minefinders (MFL-V), recent drilling on the Mexican property has extended the Chabacan Main zone f…
MOST ACTIVE ISSUES (April 07, 1997)
ExchgVol(000s)CloseBre-X MnrlsT157783.85Bresea ResM…
LATIN AMERICA — Aur Resources off to strong start at Andacollo
Aur Resources’ (AUR-T) first mine outside of Canada, the Andacollo open pit in Chile, began producing cathode copper on schedule in November 1996 and is expected to reach full production by June of th…
LATIN AMERICA — Brex adds to its holdings in Guyana
Montreal-based Exploration Brex (BX-M) has annexed a property adjacent to its Eping-Perenong diamond property on the Mazaruni River in northwestern Guyana.The 104-sq.-km property is being purchased fo…
High grades confirmed at VenCan’s Edwards play — Company and former director to meet in court
Underground sampling by VenCan Gold (VCGMm) has confirmed the grade and continuity of two mineralized zones at its Edwards gold project, near Wawa, Ont.The project is being managed by River Gold Mines…
DIAMOND PAGE — Torrie pipe fails to sparkle
Redrilling of the Torrie kimberlite pipe at the Yamba Lake property in the Northwest Territories has confirmed the disappointing results recieved from bulk-sampling.Based on the most recent results, M…
LATIN AMERICA — Arlo to acquire Panamanian properties
Having signed a letter of intent with MinAmerica of Panama, Arlo Resources (ARD-V) plans to acquire four properties on the Cerro Colorado-Chorcha copper-gold trend in western Panama.The Daira, Manati,…
LATIN AMERICA — Aranlee steps up exploration work in Argentina
`First pass’ scout program completed on properties in Salta and Jujuy Having completed a shallow drill program earlier this year, Aranlee Resources (ARB-V) intends to carry out additional drilling thi…