GOLD FUNDS (June 30, 1997)
Gold Funds as of June 19, 1997BGRCentralNet Value$20.02$5.87Price$15.15$5…
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PEOPLE — FREEPORT-McMORAN (June 30, 1997)
G. Bellis appointed vice-president and chief information officer; Lynne Cooney appointed vice-president of executive and administrative support; Dean Falgoust appointed vice-president of tax.
Madison outlines Mt. Kare in PNG
Drilling at the Mt. Kare gold property in Papua New Guinea is attempting to determine the geological controls of the mineralization known to exist along the western side of the Main geochemical anomal…
Indo Pacific readies to drill in PNG
Indo Pacific Resources (IPF-A) will begin a diamond drill program at three of its gold exploration licences in Papua New Guinea.The 3-To-4-Month program, to begin in August, will test secondary or nea…
MacMillan to sell Mishi project
A summer exploration program will test the open-pit potential of the Mishi gold project in northern Ontario.The program will be carried out by Mishibishu Gold, which recently agreed to buy a 100% inte…
Size of Koktasjal project underestimated — Ursa Major beats Soviets 2-1
The Koktasjal copper-gold project of Ursa Major International (URS-T) in Kazakstan is nearly twice as large as originally estimated by the former Soviet government, reports consulting firm Watts Griff…
McBean yields encouraging values
Toronto-based junior Queenston Mining (QMI-T) and partner Franco-Nevada Mining (FN-T) are pleased with results from the three latest holes drilled into the “green carbonate” zone at their McBean gold …
Canyon Resources recognized for mine site reclamation work
The U.S. government has awarded Canyon Resources the Health and Land award for its reclamation efforts at the Kendall open-pit gold mine site in central Montana.The work resulted in the reintroduction…
Inco to sell alloys division in deal worth over US$400 million
In a US$410-Million deal with Blackstone Capital, a merchant banking firm based in New York City, Inco will sell off its alloys division.The nickel giant intends to sell Inco Alloys International (IAI…
World demand for gold higher than in past years — Developing markets account for much of rise
Gold demand for the first three months of the year was 17% higher than in the same period in 1996, according to a survey conducted by the World Gold Council.The record figures were bolstered by demand…
Perron deposit expands following drilling by Coleraine
Rouyn-Noranda, Que.-based Coleraine Mining Resources (CRI-M) has confirmed the presence of two gold-rich zones on the Perron property, 12 km west of Normetal in northwestern Quebec.The first phase of …
DIAMOND PAGE — Drilling programs test AfriOre diamond properties
A 3,000-Metre drill program by BHP Minerals is testing the Gope diamond project in Botswana, reports junior partner AfriOre (AFO-V).The program is testing targets identified during a recent geophysica…