Altavista drills gold at Santa Anna
Montreal-based Altavista Mines (AIA-M) has announced encouraging drill results from its Santa Anna gold property, 15 km southwest of La Sarre, Que.The new structure, called Zone 8, was first intersect…
News
PEOPLE — STARPOINT GOLDFIELDS (January 20, 1997)
Rafik Rashul appointed vice-president of Angolan operations.
PEOPLE — SHORE GOLD (January 20, 1997)
Edward Schiller appointed director.
PEOPLE — VOISEY BAY RES. (January 20, 1997)
Stephen Walters appointed exploration manager of Indonesia.
PEOPLE — WESTMOUNT (January 20, 1997)
Scott and Paul Marshall appointed directors.
FACTS’N’FIGURES — India’s untapped potential
Recent changes to India’s mining regulations are paving the way for increased foreign investment in that sector and a stronger Indian economy.At a recent conference in London, B.P. Baishya, India’s mi…
LME warehouse levels (January 20, 1997)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at Jan.13/97 (change from previous week in brackets):Aluminium968,500(+11,125)Copper131,475(-3,225)Lead117,650(-750)Nickel47,90…
LETTER TO THE EDITOR — Miranda name may result in confusion
Miranda Industries is not the same company as Miranda Mining & Development, which is the company referred to in your issue of Dec. 30, 1996 (“Mexico sizzles for Miranda, Teck”). It is unfortunate that…
DIAMOND NEWS ROUNDUP — Lytton raises funds for N.W.T.
Lytton Minerals (LTL-T) is undertaking a private placement of 2 million common shares at a price of $3.00 per share.Proceeds will be used to finance ongoing diamond exploration and development program…
Santa Fe plans talks with Newmont
In a response to a second bid from Newmont Mining (NEM-N), Santa Fe Pacific Gold (GLD-N) has agreed to sit down and begin negotiations about a business combination between the two companies.Newmont of…
Diamond drilling tests Balsam zinc-copper-gold property
A $425,000 exploration program is under way at the Balsam base metal property in the Hanson Lake area of northern Saskatchewan.The project is a 50-50 joint venture between Aur Resources (AUR-T) and Tr…
STOCK MARKETS — Base metals add power to TSE
The Toronto Stock Exchange’s composite 300 index rose 1.8% during the trading period Jan. 8-14, hitting a record high of 6054.86. The previous record was 6018.65, set on Nov. 28, 1996. It was the sixt…