Corriente finances Peruvian programs
Corriente Resources (CTQ-T) will use proceeds from a $20-million brokered private placement to fund exploration in Peru and Argentina.The company closed a private placement of 1.5 million special warr…
News
Loubel cuts more copper at Queylus
Junior Loubel Exploration (LBX-M) has drilled a new copper intersection on its Queylus property near Chibougamau, Que.Hole 5, drilled over a 3-km-long induced-polarization conductor inside a granitic …
NEWS IN BRIEF (February 24, 1997)
Consolidated McKinney Resources (CKY-V) has changed its name to Aztek Technologies (AZT-V) on a 1-new-for-5-old-share basis.
Mindoro: a cautionary tale for investors
Editor’s Note: Mindoro was a private company and should not be confused with Edmonton-based Mindoro Resources (MIO-A), a legitimate junior company exploring in southeast Asia.In 1993, rumors began cir…
Teck sweetens Aussie offer
Western Australian producer Mount Edon Gold Mines has accepted a sweeter takeover offer from Teck (TEK-T) and Australian partner Camelot Resources.Teck and Camelot recently increased their bid to A$2….
Arian completes engineering studies for Julietta
Having completed first-phase engineering studies, Arian Resources (ARA.U-T) is moving forward with plans to build a mine and associated infrastructure at the Julietta property in the Madagan region of…
Mansfield outlines new gold zone
Surface trenching on the Cerro Gordo property in the Argentine province of Salta is defining a northeast-southwest-trending zone of gold-silver mineralization.Mansfield Minerals (MDR-V) tested 1,300 m…
Noble Peak to resume drilling
A follow-up exploration program, including diamond drilling, will begin shortly at the Worcester mine project, a former producer in the Barberton gold belt of South Africa.Operator Noble Peak Resource…
METAL PRICES — FREE MARKET (February 24, 1997)
London Metal ExchangeMidday bid-ask prices in $US per tonneDateFeb. 18Feb. 17Feb. 14Feb. 13Feb. 12…
Santa Catalina gets Colombian property
Santa Catalina (SLM-V) will earn a half interest in four concessions covering a major copper-gold porphyry system in northwestern Colombia.The remaining interest is held by Colorado-based Cyprus Amax …
LITERATURE REVIEW — Guyanese and Canadian production land Cambior back in the black
Expansion of the Omai mill in Guyana, along with increased production from the Bouchard-Hebert mine in Quebec, enabled Cambior (CBJ-T) to report improved cash flow and earnings in 1996.The Montreal-ba…
Roxmark drills in Geraldton camp
Drilling has resumed at the Geraldton, Ont., gold property held jointly by Toronto-based Roxmark Mines (RMK-T) and the Canadian subsidiary of Cyprus Amax Minerals (CYM-N).The 1997 program will span at…