Princeton postpones rollback, suffers loss
Poor market conditions have forced Princeton Mining (PMC-T) to postpone a planned 5-for-1 share rollback.The transaction had been approved previously, but, because of the battering many mining stocks …
1997
Chase expands gold zone at Archangel
Drilling by Chase Resource (CQS-T) at its Archangel gold-copper property in the Philippines has expanded the oxide gold zone.An initial 13-hole program of reverse-circulation drilling, comprising 1,54…
Armada eyes gold in Chita
Armada Gold (AAU-T) has signed a protocol with the regional administration of Chita Oblast, Russia, addressing the future development of its Baley gold project.The agreement covers various tax issues …
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…
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…
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…
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…
Toronto Stock Exchange Indices (June 02, 1997)
1997May 27May 26May 23May 22May 21HighLowComposit…
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…
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 — 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 …