LionOre gobbles gold producer
Former iron ore miner LionOre Mining International (LIM-T) has acquired control of Australian gold producer Forrestania Gold.LionOre presented Forrestania shareholders with two options: one LionOre sh…
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TORONTO STOCK EXCHANGE INDICES (March 24, 1997)
1997Mar 18Mar 17Mar 14Mar 13Mar 12HighLowComposit…
Adex studies production plans for Mount Pleasant
A feasibility study calls for production of tin and indium-copper zinc concentrates at the Mt. Pleasant project in southwestern New Brunswick.Consulting firm Kvaerner Davy conducted the study, which r…
Athlone Resources drill-tests Norteno property in Bolivia
Drill results from the Norteno concession in western Bolivia indicate pyrite mineralization is the cause of a large induced-polarization anomaly.Athlone Resources (AT-V) tested the broad chargeability…
Kinross boosts stake in Goldbanks
Toronto-based Kinross Gold (K-T) has completed its acquisition of the Goldbanks gold-silver project, 56 miles south of Winnemucca, Nev.In June 1995, the company bought a half interest in the property …
Altavista raises Wild Mick funds
Boucherville, Que.-based Altavista Mines (AIA-M) has raised $850,000 from private investors.The financing consists of the issuance of 772,727 units priced at $1.10 each. A unit consists of one share a…
Westmin to finance Lomas Bayas work
Westmin Resources (WMI-T) has closed a US$120-million offering of senior secure notes, which it will use to repay a loan and develop the Lomas Bayas project in Chile.The notes, which were priced at pa…
METAL PRICES — FREE MARKET (March 24, 1997)
London Metal ExchangeMidday bid-ask prices in $US per tonneDateMar. 18Mar. 17Mar. 14Mar. 13Mar. 12…
Teck takes over Australian producer
Teck (TEK-T) and its Australian partner, Camelot Resources, have acquired 92% of the outstanding shares of producer Mount Edon Gold Mines. The takeover is valued at A$170 million.Teck acquired a 14.5%…
Reserves triple at Limon gold mine
Idaho-based Fischer-Watt Gold (FWGO-O) has tripled proven and probable reserves at its Limon gold mine in northwestern Colombia.The figure now stands at 99,400 tonnes grading 16 grams gold per tonne, …
THE DIAMOND PAGE — Early startup planned at Tongo Fields project
Near-surface diamond production at the Tongo Fields project in Sierra Leone will enable Rex Diamond (RXD-T) to fund development of an underground mine at the site.Rex will soon be producing diamonds f…
Goldcorp confirms Red Lake extension
Exploratory drilling has extended zones of high-grade gold mineralization at the Red Lake mine in northwestern Ontario, Goldcorp (G-T) reports.The extensions were intersected as deep as the 40 level (…