Red Lake drilling shows promise for Goldcorp
Mineralization discovered this spring at the Goldcorp (G-T) mine in Red Lake, Ont., is quickly being expanded into a resource.The new zone, unveiled last June, is on the 24 level, 1,100 metres below s…
Placer Dome Inc
STOCK MARKETS — A short week and a slow one on Bay Street — Golds and base metals show signs of weakness in a quiet market
The Toronto Stock Exchange traded in a narrow range over the report period Aug. 27-Sept. 2, with its bellwether index finishing not far from where it started. The TSE 300 composite index closed Sept. …
Minorca to buy chunk of McWatters
Minorca Resources (MAR-T), flush with $67 million in cash once earmarked for its Indonesian projects (including a 60% financing of Askatindo Karya Mineral’s 10% share of the Busang gold bluff), will s…
N.B. conference to focus on environmental practices
A conference focusing on environmental practices at Canadian mining operations will be held at the Hotel Beausejour in Moncton, N.B., from Sept.25 to 26.Entitled “Green Challenges at Mining Sites,” th…
Pelangio aims drills at Bristol Twp.
Drilling by Pelangio Larder Mines (PLLM-C) is under way at the Poirier prospect in Bristol Twp., west of Timmins, Ont.Pelangio, which is earning a 50% interest from Copper Dome Mines (cpj-a), is drill…
Battle Mountain, Orvana option Chilean property
The Copper Line joint venture of Battle Mountain Gold (BMG-N) and Orvana Minerals (ORV-T) has reached an agreement-in-principal with the Chilean state mining enterprise Codelco that will expand the jo…
STOCK MARKETS — TSE lives through another selloff — Metals and golds keep sinking as
broad market recoversLike its counterparts around the world, the Toronto Stock Exchange was hit by a correction on Aug. 15. But the TSE 300 composite index rallied on Aug.19 to recover most of the los…
Ventures seeks opportunity in southwestern Alaska
Having terminated its exploration project in Eritrea, East Africa, Ventures Resources (VRS-V) is focusing all of its efforts on Alaska.The company recently released the first batch of drill results fr…
Clarification (August 18, 1997)
In the article “Placer Dome, TVX flex muscles in Pickle Lake” (T.N.M., Aug.4/97), we neglected to include reserve and annual production figures for the Musselwhite mine.The mine, which is owned by Pla…
STOCK MARKETS — Golds take the lead in recovery on Toronto markets — Gold and precious metals sub-index soars 440.31 points
For the first time in months, gold stocks led the Toronto Stock Exchange, as the modest rebound in the price of the yellow metal helped most gold stocks rise in the report period ended Aug. 12.The TSE…
STOCK MARKET — Gold stocks left behind as TSE hits the heights — Base metals rise slightly in buoyant market
The Toronto Stock Exchange’s hot streak continued in the report period July 30-Aug. 5, with the TSE 300 composite index rising 101.91 points (1.5%) to a record high close of 6,903.08 on Aug. 5. Tradin…
Etruscan drills for gold in Niger
Etruscan Enterprises (eet-t) has drilled significant gold intersections at its Boulon Djounga West gold discovery in westernmost Niger, West Africa.Boulon Djounga West lies within Etruscan’s 1,241-sq….