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…
News
Zappa closes private placement
Zappa Resources (ZPA-V) has raised $1.5 million in a private placement with Cambior (CBJ-T). Proceeds will be used to explore the Papa Grande massive sulphide property in Ecuador.Zappa secured a major…
LITERATURE REVIEW — Radisson drilling at O’Brien
A drill program by Radisson Mining Resources (RDS-M) has resumed at the O’Brien property, a past-producer in the heart of Quebec’s Abitibi gold district.The current program is testing new gold-bearing…
LITERATURE REVIEW — NEWS ROUNDUP — Drills turn on Gowest ground
A drill program is under way at the Detour Lake West property and at the Denton Twp. property west of Timmins, Ont., reports junior Gowest Amalgamated Resources (GWA-A).Placer Dome (PD-T) is carrying …
METAL PRICES — FREE MARKET (February 24, 1997)
London Metal ExchangeMidday bid-ask prices in $US per tonneDateFeb. 18Feb. 17Feb. 14Feb. 13Feb. 12…
STOCK MARKETS — Resource stocks add fuel to VSE
The Vancouver Stock Exchange composite index rose 36.94 points, or 3.04%, over the report period ended Feb. 18, to close at 1,250.65. The resource index gained 72.88 points, or 3.22%, to finish at 2,3…
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…
Bema funds exploration work at El Callao’s Venezuelan project
El Callao Mining (ECM-V) has completed a $2.5-million private placement with Bema Gold (BGO-T), its largest shareholder.Proceeds will be used to fund exploration of Lo Increible, the company’s 10,000-…
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…
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 — 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 — 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…