MOST ACTIVE ISSUES, June 18-24
ExchgVol(000s)CloseBarrick GoldT855730.45Placer DomeT…
News
GeoNova expands Discovery potential
Two holes drilled by GeoNova Explorations (GNE-M) have expanded the potential of the Discovery gold zone in northwestern Quebec.The new lens straddles the boundary between the company’s Desjardins and…
Demand for PGMs in industry, jewelry on rise
Demand for platinum in 1996 rose by 40,000 oz. to 4.9 million oz., led by increased industrial use and the manufacture of jewelry in the U.S. and China, according to a report published by British-base…
GREATEST VALUE TRADED, June 18-24
ExchgValue($000s)HighLowCloseChangeBarrick GoldT2…
Edwards mine grade tops estimates
The Edwards gold mine near Dubreuilville, Ont., will make $5.5 million in profits by the end of August, reports VenCan Gold (VCG-M).Net profits from the mine, which is operated by River Gold Mines (RI…
Little light shed on Delgratia salting scandal
Shareholders of Delgratia Mining (DELGF-Q) are finding more questions than answers in a report examining recent work at the company’s Josh property in Nevada.The audit, performed by consulting enginee…
Japanese firms to aid IG in Myanmar
Joint-venture deal worth an estimated $167 million in total In need of financing and a contractor to build its proposed Monywa copper mine in Myanmar, Indochina Goldfields (ING-T) has looked to the Ri…
Oro Nevada drills Hand-Me-Down site
At the Dean Ranch property in Nevada’s Battle Mountain trend, Oro Nevada Resources (ONV-A) has uncovered what it believes is the largest epithermal gold system of its kind in the state.The discovery w…
Essex drilling expands Bolivian deposit
Diamond drilling by Essex Resource (ESX-V) has expanded a volcanogenic massive sulphide (VMS) deposit at the Miguela concession in western Bolivia.The company has confirmed that mineralization in the …
Vulcan Minerals to drill Carbonear property
A summer exploration program by Vulcan Minerals (VUL-A) will test the potential of the Carbonear base metal property, 80 km west of St. John’s, Nfld.The property covers several large gossan zones and …
DIAMOND PAGE — Russians to pass diamond regulations
Legislation regulating the export and import of rough diamonds in Russia is receiving final approval from President Boris Yeltsin.Once the law is passed, a new trade agreement is expected to be negoti…
Cumberland buys remainder of Meadowbank
Cumberland Resources (CBD-T) has agreed to a deal that will see its interest in the Meadowbank gold property, 70 km north of Baker Lake, N.W.T., increased to 100%.The deal with Comaplex Resources (CMF…