Bolivar takes on Monarch in legal fight
Bolivar Goldfields (BVG-T) has filed a notice of action in an Ontario court against Monarch Resources (MRE-T) in an attempt to hold the latter to its agreement to sell its Venezuelan assets.Among thos…
1997
South Pacific forms JV with Teck, MM
Teck (TEK-T) and Australian-based MM Gold, a subsidiary of Meekathara Minerals, will join forces with South Pacific Resources (SHF-A) to explore two gold projects in Kalimantan, Indonesia.South Pacifi…
Westmin options Vizcachitas
Westmin Resources (WMI-T) is acquiring the right to earn a 51% interest in the Vizcachitas copper porphyry project in central Chile from Denver-based General Minerals (GNM-T).Westmin will be required …
Reunion Mining, Rift Res. explore gold potential of Silobela project in southeastern Africa
Rift Resources (RIF-V) and its United Kingdom-based partner, Reunion Mining, have begun a 25-hole program of percussion drilling on the Silobela gold project in Zimbabwe.The drilling is focused on fou…
Oliver has change of heart over Malian projects
Oliver Gold (OGO-V) has had second thoughts about selling its interests in Malian gold properties.The Vancouver-based junior was prepared to sell it interests in the western African country (T.N.M., N…
Viceroy Res. ends third quarter in black
Gold producer Viceroy Resource (voy-t) earned $3.5 million (or 7 cents per share) on revenue of $29.8 million in the third quarter.Those numbers mark a significant improvment over the $38.1-million lo…
Ivanhoe wins bid for Chambishi mine
Privately owned Ivanhoe Capital has been awarded a contract to reopen the Chambishi copper mine in Zambia.The company will become the joint-venture partner of Zambia Consolidated Copper Mines (ZCCM), …
DIAMOND PAGE — Treatment plant nears completion at Klipspringer
Design work on the 100-tonne-per-day kimberlite treatment plant on the Klipspringer project in South Africa’s Northern Transvaal Procince is well-advanced and on track for completion in early December…
McWatters cuts mining costs
During the first 19 days of production for new owner McWatters Mining (MCW-T), the Kiena and Sigma gold mines in Quebec’s Val d’Or camp turned out 8,409 oz. gold at a cash operating cost of US$241 per…
Imperial’s Silvertip yields solid results
Imperial Metals (IPM-T) has completed 8,000 metres of drilling in search of additional mineralization at the Silvertip massive sulphide project in northern British Columbia.The property, formerly know…
METAL PRICES — Daily Metal Prices (November 10, 1997)
BASE METALS (London Metal Exchange – Midday bid/ask prices in US$ per tonne)DateNov. 4Nov. 3Oct. 31Oct. 30Oct…
Barrick explores Dee at depth
Barrick Gold (ABX-T) has signed an agreement allowing it to explore the deeper potential of Rayrock Yellowknife Resources’ (RAY-T) Dee gold property in Nevada.Barrick will spend at least US$2 million …