Indo Metals-Inco alliance to focus on Indonesia
Junior Indo Metals (IOM-V) will join forces with Inco (N-T) on several of the nickel giant’s polymetallic properties in Indonesia.Under the so-called Maluku strategic alliance, Indo (formerly European…
News
AFRICA SPECIAL — Eden Roc poised for turnaround at African gold mine
Production problems at the Afema project in Ivory Coast have taken their toll on African gold producer Eden Roc Mineral (EDN-T).The heap-leach project is owned by Somiaf, a company held 68% by operato…
TSE SHORT POSITIONS (February 03, 1997)
Short positions outstanding at January 15, 1997Larger individual positions included: Barrick Gold 11,100,550, down 1,234,333; Agnico-Eagle 385,217, down 120,551; AJ Perron Gold 376,400, up 376,400; As…
Jersey bails out of Ecuadorean projects
Discouraged by exploration results, Jersey Goldfields (JRG-V) has decided to abandon its 53 mineral properties in Ecuador.The annoucement follows the company’s decision to terminate its option agreeme…
THE DIAMOND PAGE — Surveys planned for Camsell Lake
An exploration program budgeted at $1.6 million is about to begin at the Camsell Lake diamond project, 140 miles northeast of Yellowknife, N.W.T.The 277,000-acre project is a joint venture between Win…
Yamana gains ground in Washington state
Yamana Resources (YRI-T) has added some U.S. prospects to its exploration portfolio, which previously consisted only of projects in South American and Indonesia.The three gold and copper properties, w…
AFRICA SPECIAL — Akiko explores Afere-Antubia ground
Exploration is set to begin on the 54-sq.-mile Afere-Antubia gold concession of Akiko Gold Resources (AKI-V) in Ghana’s Bibiani greenstone belt.The land package contains the old, underground Antubia m…
AFRICA SPECIAL — Oliver sets exploration pace in Mali
Legend has it that back in 1433, the emperor of Mali took eight tons of gold with him on his pilgrimage to Mecca. Now a Vancouver junior, Oliver Gold (OGO-V), is trying to locate the source of that of…
AFRICA SPECIAL — NEWS ROUNDUP — Claimstaker eyes Ghana prospect
Management of Claimstaker Resources (CLN-V) is negotiating to acquire a major interest in a property in western Ghana.The junior says the large land package is 20 km along trend from a gold discovery …
Cambior and Guyanor Ressources find gold at French Guianese project
Core drilling by Cambior (CBJ-T) and Guyanor Ressources (GLR.B-T) has confirmed the presence of gold mineralization at the Yaou project in French Guiana.The 30-hole, 4,390-metre program will pave the …
AFRICA SPECIAL — ZCCM launches Cyprus into Africa
Milton Ward, chairman of Cyprus Amax Minerals (CYM-N), views the company’s recent foray into Zambia as the start of a long-term relationship with Zambia Consolidated Copper Mines (ZCCM).The company si…
STOCK MARKETS — African plays add heat to VSE
The Vancouver Stock Exchange composite index was up 4.47 points at 1,199.47 over the report period ended Jan. 28, while the resource index slipped 7.05 points to finish at 2,237.03.Speculation continu…