BASE METALS — Anglovaal eyes Ugandan concession
Pacific Vangold Mines (PVM-V) has struck a joint-Venture deal with South African mining firm Anglovaal whereby that company will help conduct exploration and development work on mining concessions in …
News
Juniors lured to Xinjiang region
The potential for large, bulk-Tonnage gold deposits has lured a growing number of mining companies to the Xinjiang Uygur Autonomous Region of northern China.Xinjiang is a neighbor to the Central Asian…
Inca Pacific initiates Peruvian exploration — Program aimed at testing epithermal gold-silver targets
In west-Central Peru, the first phase of exploration is under way at the Pasacancha property of Vancouver-based Inca Pacific Resources (IP-V).The property covers a belt of Mesozoic sedimentary rocks a…
STOCK MARKETS — Greatest Value Traded, June 11-17
ExchgValue($000s)HighLowCloseChangeBarrick GoldT1…
Normandy Mining and Boliden come knocking on Canada’s door
Toronto’s status as the capital of the global mining industry has been further cemented by news that major firms Normandy Mining of Australia and Boliden (BOL-T) of Sweden setting up shop in the city….
Campo Morado yields massive sulphide deposits
Drill-Testing by Farallon Resources (FAR-V) has uncovered two new massive sulphide deposits at the Campo Morado property, 160 km southwest of Mexico City.The discovery brings to five the number of gol…
Almaden Resources tests Mexican targets
Diamond drill results from the Erika gold prospect in southern Mexico indicate the upper levels of a preserved, low-sulphidation epithermal system.Almaden Resources (AMH-V) recently drilled eight hole…
Gitennes pins hopes on Virgen gold property
Although it is still in the early stage of being explored, the Virgen property in north-Central Peru is already attracting attention as a gold discovery of some significance.Over the next four years, …
Yamana hits high grade in Argentina
Drilling by Yamana Resources (YRI-T) at its Martinetas property in southern Argentina has returned some high-grade values.Hole 23 returned 20 metres grading 29.2 grams gold per tonne, including 2 metr…
GOLD FUNDS (June 16, 1997)
Gold Funds as of June 5, 1997BGRCentralNet Value$20.28$5.82Price$15.70$5.
STOCK MARKETS — Toronto-listed golds rise in quiet week of trading —
Platinum group metals continue to dazzle investment communityThe Toronto Stock Exchange had a flat week from June 4 to 10, with the TSE 300 composite jiggling slightly up and down before finishing fra…
La Teko boosts True North
The resource calculation for the True North gold deposit near Fairbanks, Alaska, has nearly doubled.A joint venture between Newmont Mining (NEM-N) and La Teko Resources (LAORF-Q), the project is estim…