Chase expands zone at Archangel
Initial drilling by Chase Resource (CQS-T) at its Archangel gold-copper property in the Philippines has expanded the area of known mineralization.Flat-lying zones of sheeted quartz veins and intensely…
News
First year proves golden for River Gold Mines
The first 12 months of production at the Eagle River gold mine, near Wawa, Ont., translated into a strong year for owner River Gold Mines (RIV-T).Earnings for 1996 amounted to $5.9 million (or 19 cent…
Ming terminates Strange Lake deal
Vancouver-based Ming Financial (MF-A) has decided against acquiring the Strange Lake yttrium property in northwestern Labrador from Iron Ore Co. of Canada (IOC).Ming says its decision was based on an …
METAL PRICES — FREE MARKET (March 17, 1997)
London Metal ExchangeMidday bid-ask prices in $US per tonneDateMar. 11Mar. 10Mar. 7Mar. 6Mar. 5…
EDITORIAL PAGE — Avoiding conflicts
Last October, in the wake of the Cartaway Resources fiasco and other “controversial incidents” that shook investor confidence and cast a pall over otherwise buoyant equity markets, Canadian securities…
Auspex drills for gold in West Africa
Determined to outline economic gold mineralization at its Koulbaga concession in southwestern Niger, Auspex Minerals (APJ-V) has launched a 2,000-metre drill program.Over the past year, six gold anoma…
Production boosts Louvem’s revenues
ntreal-based Louvem Mines (LOV-T) has passed its first full year as a gold producer since startup, in January 1996, at the Beaufor mine, near Val d’Or, Que.e vein-type lode-gold mine is owned equally …
Tenke seeks copper, cobalt in Zaire
Tenke Mining (TNK-T) will carry out a 40,000-metre drill program in an area between the Tenke and Fungurume copper-cobalt deposits in the highlands of southeastern Zaire.The goal of the 12-month progr…
American Mineral Fields augments zinc project
Through a wholly owned subsidiary, America Mineral Fields (AMZ-T) has set up an exploration office in Solwezi, Zambia, to explore a large concession in that country’s copper belt.The 1,400-sq.-km conc…
Mar-West to raise exploration funds
Mar-West Resources (MSR-V) has agreed to a brokered private placement of 1.5 million special warrants at $2 each for proceeds of $3 million.Proceeds will be used to acquire and explore projects in El …
Gold Funds (March 17, 1997)
Gold Funds as of March 6, 1997BGRCentralNet Value$23.11$6.15Price$18.25$5…
Oroperu and Pan American verify gold find on Tres Cruces project in Peru
Drilling by Oroperu Resources (OROP-C) on the Tres Cruces project in north-central Peru has verified the continuity of mineralization.Mineralization at the property, a 50-50 joint venture with Pan Ame…