La Teko boosts True North
The resource calculation for the True North gold deposit near Fairbanks, Alaska, has nearly doubled.A joint venture between Newmont Mining (NEM-N) and La Teko Resources (LAORF-Q), the project is estim…
News
STOCK MARKETS — Toronto-listed golds rise in quiet week of trading —
Platinum group metals continue to dazzle investment communityThe Toronto Stock Exchange had a flat week from June 4 to 10, with the TSE 300 composite jiggling slightly up and down before finishing fra…
METAL PRICES — Daily Metal Prices (June 16, 1997)
BASE METALS (London Metal Exchange – Midday bid/ask prices in US$ per tonne)DateJune 10June 9June 6June 5June…
Arauco begins feasibility
The George Lake project of Arauco Resources (ARU-T) has reached the feasibility stage.Arauco has engaged H.A. Simons to conduct a feasibility study on the project, which is in the Kitikmeot region of …
Eldorado expands into African districts — Two gold mines added to international portfolio
Two operating gold mines and nine exploration properties in Africa will be acquired by Eldorado Gold (ELD-T) as part of a second-stage transfer of assets to the company from South African mining house…
Patience, planning key to Vedron’s Timmins strategy
Slowly and methodically, Vedron Gold (VDGI-C) is proceeding with a drill program aimed at expanding the resource of the Fuller gold deposit, about 10 minutes’ drive southeast of town.Fuller, which pro…
SPOT PRICES (June 16, 1997)
Wednesday, June 11, 1997Price(US)Week’s ChangeGold*$343.70+ $1.30Silver*$ 4.77…
Java Gold, Pursuit launch programs in Mongolia
Alluvial gold production is under way at the Gazar property of Java Gold (JVAG-C).The company’s two gold production plants have arrived at the property, situated in Mongolia’s Zaamar Valley. Commissio…
OBITUARY — Charles Main
Charles (Sandy) Main, an exploration geologist with experience on three continents, has died. He was 53.Born in Chilliwack, B.C., Main graduated from the University of British Columbia with a degree i…
COMMENTARY — Quality control, part 1
-scale quality control (QC) procedures to monitor the sampling and analyses of geological materials have only recently been used in mineral exploration.At one time, only a few companies had an establi…
DIAMOND PAGE — Hymex reports on May production
An alluvial diamond mine in Guinea, West Africa, recovered 4,142 diamonds weighing a total of 2,177.7 carats during the month of May, reports operator Hymex Diamond (HMD-V).Of this total, 287 stones r…
Francisco drills in Mexico
To accelerate drilling, Francisco Gold (FGX-V) has mobilized a third rig to the Sauzal gold property in Mexico’s Chihuahua state.The program is drill-Testing potential targets that extend immediately …