LATIN AMERICA — Eldorado funds mine expansion
Some of the proceeds of a newly arranged US$50-million revolving credit facility will be used by Eldorado Gold (ELD-T) to fund an ongoing expansion and optimization program at the Sao Bento gold mine …
1997
LATIN AMERICA — BHP Minerals eyes interest in Bolivia’s Iroco project
Juniors Altoro Gold (ATG-V) and Vista Gold (VGZ-T) have signed an option agreement enabling BHP Minerals to earn a 50% interest in their jointly held Iroco gold project in Bolivia.To earn its interest…
METAL PRICES — Daily Metal Prices (October 27, 1997)
BASE METALS(London Metal Exchange – Midday bid/ask prices in US$ per tonne)DateOct. 21Oct. 20Oct. 17Oct. 16Oc…
Darnley explores on Arctic coast
Newly listed Darnley Bay Resources (DBRL-C) plans to drill-test the Darnley Bay anomaly, on the Arctic coast in the Northwest Territories.The Toronto-based company has completed its initial public off…
Teck hits nickel in Labrador — High grades found south of Voisey’s Bay
Teck (TEK-T) has hit a narrow, yet rich, nickel-copper cobalt intersection on a Labrador property shared equally by Donner Resources (DRZ-V) and Northern Abitibi Mining (NAI-A).The property is roughly…
Cominco drilling expands zone at Red Dog
Exploration drilling at Cominco’s (CLT-T) Red Dog zinc mine in northern Alaska has expanded a partially defined mineralized zone that was discovered in 1996, immediately north of the Aqqaluk deposit.S…
SPOT PRICES (October 27, 1997)
Wednesday, October 21, 1997Price (US)Week’s ChangeGold*$322.70- $2.90Silver*$ 4.97…
Akrokeri begins work on Jeni
Akrokeri-Ashanti Gold Mines (AAGM-C) has begun a trenching program on the Jeni property in Ghana’s Ashanti region.The program, which follows three weeks of site preparation, is designed to investigate…
W Pacific tests zone at Ofi Creek
The first hole drilled by Western Pacific Gold (WPI-A) has returned 297 metres grading 0.35% copper and 0.32 gram gold per tonne, including 100 metres of 0.61% copper and 0.59 gram gold, from the Ofi …
LATIN AMERICA — Peruvian court examines Yanacocha
The Supreme Court of Peru has notified Newmont Gold (NGC-N) and Buenaventura (BVN-N) that it will examine a lower court’s decision concerning ownership rights to the Minera Yanacocha, the largest gold…
LATIN AMERICA — Wheaton buys Bellavista gold project
The Bellavista gold project in Costa Rica has been acquired by Wheaton River Minerals (WRM-T), which now plans to complete a bankable feasibility study by late 1998.Past operators have spent US$15 mil…
LATIN AMERICA — Treminco explores in Domincan
Vancouver-based Treminco Resources (TMO-T) is exploring a newly expanded land package in the Dominican Republic.The junior plans to spend $250,000 in the first-year work program, which will cover eigh…