1997

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…


Coeur d’Alene eyes gold producer

An option agreement sets the stage for Coeur d’Alene Mines (CDE-N) to acquire a producing gold mine next to its El Bronce operation in northern Chile.In the meantime, the company is buying ore from th…


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…


Thunderwood sets to work at Radar property

Toronto-based juniors Thunderwood Resources (THS-T) and Consolidated Abitibi Resources (CAQ-M) have launched their 1997 exploration program at the 3,378-ha copper-zinc-gold Radar prospect near Flin Fl…


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…



MacDonald starts drilling at Golden Hill in Cuba

While exploration continues on its Florencia concession in Cuba, MacDonald Mines Exploration (MMP.A-A) has begun drilling its nearby Golden Hill property in order to calculate a resource estimate for …


Altavista finds new gold zone at Santa Anna property

Junior Altavista Mines (AIA-M) has discovered another gold-bearing structure at its Santa Anna property, 15 km southwest of La Sarre in northwestern Quebec.The new discovery, called Zone 10, is 100 me…




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