1997


Corriente finances Peruvian programs

Corriente Resources (CTQ-T) will use proceeds from a $20-million brokered private placement to fund exploration in Peru and Argentina.The company closed a private placement of 1.5 million special warr…


Loubel cuts more copper at Queylus

Junior Loubel Exploration (LBX-M) has drilled a new copper intersection on its Queylus property near Chibougamau, Que.Hole 5, drilled over a 3-km-long induced-polarization conductor inside a granitic …



Mindoro: a cautionary tale for investors

Editor’s Note: Mindoro was a private company and should not be confused with Edmonton-based Mindoro Resources (MIO-A), a legitimate junior company exploring in southeast Asia.In 1993, rumors began cir…


Teck sweetens Aussie offer

Western Australian producer Mount Edon Gold Mines has accepted a sweeter takeover offer from Teck (TEK-T) and Australian partner Camelot Resources.Teck and Camelot recently increased their bid to A$2….


Who owns what at Busang

Ownership of the Busang gold projects, under the development agreement approved by the Indonesian government on Feb. 18, has been broken down as follows:BUSANG II — (SOUTHEAST)Company…


Exall extracts bulk sample

Exall Resources (EXL-T) has completed an exploration ramp at the Glimmer gold mine near Matheson, Ont., and is now excavating an underground bulk sample.Exall holds a 65.53% interest in the project, w…


COMMENTARY — Cobalt demand to rise

World demand for cobalt could increase to about 28,000 tonnes per year in 2000, up from 23,500 tonnes in 1995. This demand should remain stable, and could increase further if the price of cobalt remai…



ODDS’N’SODS — Wild goose chase

Ontario’s Red Lake gold camp was booming in 1936.No fewer than 12 new mine shafts were being sunk that year, causing the town’s population to double within a short period. At the time, Placer Dome’s C…



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