Copper prices rain on Novicourt earnings
Net earnings of $10.2 million were reported by Novicourt (NOV-T) for 1996, compared with $21.5 million in the previous year.Novicourt, 60% of which is held by parent Noranda (NOR-T), says its 1996 res…
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LITERATURE REVIEW — NEWS ROUNDUP — Partners test Bylund project
Joint-venture partners Greater Lenora Resources (GEN-T) and Freewest Resources Canada (FWR-T) are carrying out a geophysical program on the Bylund property to help define winter drill targets.The 50-5…
LITERATURE REVIEW — GMD identifies indicator trains
With the processing to date of half of the 1,600 till samples collected from the Royce Group property, 100 km northwest of Yellowknife, N.W.T., GMD Resource (GMD-V) has identified nine separate indica…
LITERATURE REVIEW — Canyon to boost reserves at Briggs
A 70,000-ft. drill program will attempt to identify additional reserves at the Briggs gold mine of Canyon Resources (CAU-X) in California’s Panamint Valley.The mine, which entered production last year…
PRODUCER PRICES (February 24, 1997)
ALUMINIUM: LME settlements US$1,548.50 per tonne, alloy $1,486 per tonne (Feb. 18/97).ANTIMONY: Composite free market, US$2,340 per tonne (Feb. 18/97).BISMUTH: Composite free market US$3.15 per lb. (F…
Prism options Ontario claims
As a first stage of exploration, Prism Resources (PRN-V) plans to carry out a geophysical program on a newly acquired 1,500-ha project in Ontario’s Porcupine mining district.The junior acquired an opt…
Peruvian to drill Agua Verde in Peru
Peruvian Gold (PVO-V) plans to carry out a minimum 1,000-metre program of reverse-circulation drilling on the Agua Verde copper porphyry prospect in south-central Peru.The prospect is a mineralized, e…
LITERATURE REVIEW — Golden Band drilling program tests targets at Tower and Halfmoon Lake properties
A 1,000-metre drill program will test the Tower Lake South and Halfmoon Lake anomalies identified by Golden Band Resources (GBN-V) at its properties in the Waddy Lake area of northern Saskatchewan.The…
LITERATURE REVIEW — Dakota reports loss for past year
A net loss of US$23 million was reported by Dakota Mining (DKT-T) for 1996, compared with a loss of about US$9 million in 1995.The Denver-based company says last year’s loss includes non-recurring exp…
LITERATURE REVIEW — JCI consolidates hold on Lone Star
South African mining giant JCI is moving to consolidate its interest in Australian junior Lone Star Exploration (LSE-V).By consolidating its current 19.9% interest with a 24% stake held by Kimberley D…
Avalon drills Dubenski project
A first phase of drilling by Avalon Ventures (AVL-V) is testing the resource potential of the Dubenksi gold project, 70 km southeast of Kenora, Ont.The property already contains a resource of 253,000 …
Miramar puts Talapoosa gold project on hold
Citing low gold prices and inconsistent recoveries, Miramar Mining (MAE-T) has taken a $33.6-million writedown on the Talapoosa gold-silver project in western Nevada, suspending its development.”At cu…