1997

After experiencing frustration in its attempts to obtain permits and financial backing, Wheaton River Minerals (WRM-T) has secured financing for its Golden Bear heap-leach project in northwestern Brit…

Donald McKinnon, who helped identify, stake and promote the gigantic Hemlo gold deposit in north-central Ontario in the early 1980s, has been appointed to the Order of Canada.Born in Cochrane, Ont., i…

Wednesday, January 22, 1997Price (US)Week’s ChangeGold*$350.10- $2.35Silver*$ 4.70…

The first shipment of gold was made by Kazakstan Goldfields (KGFC-C) from its mines in north-central Kazakstan.The company (KG), which took over management of the then-dormant Aksu, Jolymbet and Besto…

Edward Schiller appointed director.

Rafik Rashul appointed vice-president of Angolan operations.

Montreal-based Altavista Mines (AIA-M) has announced encouraging drill results from its Santa Anna gold property, 15 km southwest of La Sarre, Que.The new structure, called Zone 8, was first intersect…

Surface sampling by Joutel Resources (JTL-T) has uncovered a new gold zone on the Christina property in the Sierra Maestra region of southeastern Cuba.The new structure has an overall length of 114.4 …

Bypassing the roundabout, acquisitive route followed by most major mining companies, Rio Algom (ROM-T) has made its own substantial grassroots discovery in Chile.The company has outlined a large coppe…

The government of Kazakstan has rejected a proposal made by Teck (TEK-T) and First Dynasty Mines (FDM-T) to develop the Vasilkovskoye gold deposit.Situated in the country’s northern region, the deposi…

Scott Keevil appointed chairman; and R. Buchanan appointed president, chief executive officer and director.

Drilling at Timbuktu Gold’s (TBT-A) Sitakili gold concession in Mali is set to begin, while a meeting to change the company’s name has been postponed.The Calgary-based junior has contracted Boart Long…