Canarc boosts resource at Polaris
Drilling has expanded the Polaris Taku gold resource in Alaska by 10%, Canarc Resource (CCM-T) reports.The program increased the probable and possible resource to 3.9 million tons grading 0.41 oz. gol…
News
Band-Ore advances Thorne gold play
With six drills on site, Band-Ore Resources (BAN-T) has launched a $6-million effort to bring the Thorne property, just west of Timmins, Ont., to the development stage.Kilborn SNC Lavalin will assist …
Teck prepares to drill in Labrador
The first major to become involved in the exploration play near Voisey’s Bay, Labrador, back in 1995, is beginning a drill program in the area.Teck (TEK-T) will carry out a $5-million, 10,000-metre pr…
EXPLORATION 1997 — Minera Andes tests La Horqueta prospect
A 17-hole drill program by Minera Andes (MAI-A) has identified a copper porphyry prospect in the southern portion of La Horqueta, an exploration project in Argentina’s Mendoza province.The drilling in…
EXPLORATION 1997 — Laramide starts third phase of drilling at Cerro Colorado
A work program, including 10,000 metres of exploration and development drilling, is under way at the Cerro Colorado gold project in Sonora state, Mexico.Operator Laramide Resources (LAM-T) hopes to co…
Fortune tallies Bowl resource
With one season of drilling complete, Fortune Minerals (FORM-C) has calculated a preliminary resource figure for the Bowl zone at its Nico property near Mazenod Lake in the Northwest Territories.The p…
EXPLORATION 1997 — High River, Focal launch exploration initiative in Central America
Partners High River Gold Mines (HRG-T) and Focal Resources (FCJ-A) have launched a US$5-million exploration program at five gold properties in Nicaragua.Geophysics, trenching and a substantial drill p…
Government encouraging mining houses to release mining rights in South Africa
South Africa’s minister of Mineral and Energy Affairs has a message for black- and foreign-owned exploration firms that are experiencing frustration in their attempts to acquire prospective ground in …
EXPLORATION 1997 — Yamana to test anomalies
Ongoing exploration by Yamana Resources (YRI-T) will test an aeromagnetic anomaly and associated gold mineralization in the northern portion of the company’s Block I contact-of-work (CoW) application,…
Countdown to production begins at Lihir
Construction is nearly complete and startup is fast approaching for the Lihir gold mine, on the tiny island of the same name.It will be the largest mine in the world to open in 1997, and when The Nort…
LME Warehouse Levels (March 10, 1997)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at Mar.3/97 (change from previous week in brackets):Aluminium882,450(-18,800)Copper214,800(-5,250)Lead108,025(-450)Nickel45,618…
Gold Funds (March 10, 1997)
Gold Funds as of February 27, 1997BGRCentralNet Value$23.11$6.26Price$19.35…