PEOPLE — FIRST QUANTUM (June 09, 1997)
Martin Rowley appointed director.
1997
EDITORIAL AND OPINION — The best defence is a strong offence — Teflon `victims’
After the Bre-X Minerals salting scandal was exposed, mining professionals worried aloud that they might be tarred with the same brush and that investors, once-burned, would be twice shy of all compan…
MOST ACTIVE ISSUES, May 28-June 3
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NEVADA — Getchell Gold advances Turquoise Ridge mine project
Getchell Gold (GGO-T) is making steady progress in its development work at the underground Turquoise Ridge gold project, situated on the 50-sq.-Mile Getchell property, 35 miles northeast of Winnemucca…
Pangea, Sundust hit gold zone in Peru
Recent drilling on the Victoria project in Peru has outlined a new zone of significant gold mineralization.The project is a joint venture between Pangea Goldfields (PDG-T) and Sundust Resources (SUN-M…
NEVADA — Nu-Apex set to begin exploration program
Vancouver-based Nu-Apex Energy (NPX-V) will soon begin an exploration program on three properties it holds in south-Central and northeastern Nevada.The program, which is expected to start within six w…
Tenke raises funds for Fungurume
Junior Tenke Mining (TNK-T) will borrow US$127 million from Investec Bank of South Africa for the first phase of development work at the Tenke Fungurume copper-Cobalt project in the Democratic Republi…
NEVADA — Cortez joint venture reaches commercial production levels
Partners Placer Dome (PDG-N) and Kennecott are producing commercial quantities of gold at the Pipeline deposit in central Nevada.The project is part of the Cortez joint-Venture, which includes three d…
NEVADA — Echo Bay Mines forms strategic alliance with Fairmile — Exploration program to test Buffalo Valley gold property
Based on a recent letter agreement, Echo Bay Mines (ECU-T) will enter into an alliance with Fairmile Gold (FLA-A), a junior company exploring the Buffalo Valley property in Nevada.Fairmile’s property …
NEVADA — Jerritt Canyon mine to benefit from new gold discoveries
Two discoveries and new production from the Dash open pit have invigorated operations at the 15-year-old Jerritt Canyon gold mine, near Elko.Independence Mining, a subsidiary of Luxembourg-based Minor…
Placer’s drills hit more Samira gold
Assay results from the Samira deposit in Niger continue to impress, with wide intersections exhibiting significant grades.To date, Placer Dome (PDG-T) has completed 55 diamond drill holes and has prov…
Meadowbank gold deposit expected to increase
Based on initial results from ongoing diamond drilling, Cumberland Resources (CBD-T) and Comaplex Minerals (CMF-T) are anticipating an increase in resources at their jointly held Meadowbank gold prope…