Union Pacific lays claim to diamond mine
Diamond miner Redaurum (RRK-T) says it intends to “strenuously defend” title to its Kelsey Lake mine, 45 miles west of Fort Collins, Colo., near the Wyoming border.The company’s rights to the new diam…
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TORONTO STOCK EXCHANGE INDICES (February 10, 1997)
1997Feb 4Feb 3Jan 31Jan 30Jan 29HighLowComposite”…
MOST ACTIVE ISSUES, Jan. 29-Feb. 4
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AFRICA SPECIAL — Ghana Goldfields outlines gold zones, quartz veins at Pampe concession
Drilling on the Pampe concession in southern Ghana is producing satisfactory results for junior Ghana Goldfields (GHN-V).The concession contains two well-defined gold zones and includes a system of mi…
AFRICA SPECIAL — Trillion aims drills at Botswanan targets
A drill program is attempting to determine the similarity between the Kalahari gold property in Botswana and the Witwatersrand basin in neighboring South Africa.The 10,434-sq.-km Kalahari project is b…
Oro Blanco Res. expands holdings in Arizona
It has been a long time coming, but Canadian junior Oro Blanco Resources (ORBL-C) has managed to acquire a sizable land package in the Oro Blanco gold district of southwestern Arizona.Although gold ex…
AFRICA SPECIAL — United Reef finds risk and reward in Central African Republic
Political instability is a risk that mining companies must be prepared to take in many parts of Africa, as United Reef (URP-T) discovered earlier this year when insurgents captured part of Bangui, the…
AFRICA SPECIAL — High River tests Burkina Fasan prospect
Toronto-based High River Gold (HRG-T) has completed most of the second phase of its exploration program at the Taparko concession in eastern Burkina Faso.High River is earning a 61.5% interest in the …
AFRICA SPECIAL — Casmyn expands position in Africa
Reno, Nev.-based Casmyn (CMYN-Q) has high hopes for the Zambian copper property it recently added to its portfolio of African exploration plays.Situated in the heart of the country’s copper belt, 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…
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…
AFRICA SPECIAL — Zimbabwean platinum expands BHP portfolio
By developing the Hartley platinum project in Zimbabwe, BHP Minerals is paving the way for its entry into a new metal market.The company, a division of Australian-based Broken Hill Proprietary, holds …