PEOPLE — SPUR VENTURES (January 13, 1997)
George Plewes appointed director.
News
Gold Funds (January 13, 1997)
Gold Funds as of January 2, 1997BGRCentralNet Value$22.29$6.13Price$16.20…
Wollastonite demand at record levels
The production of wollastonite has doubled over the past decade, and demand is likely to grow, according to a report released by a London-based firm of mineral market analysts.Roskill Information Serv…
THE DIAMOND PAGE — AfriOre uncovers pipes on Botswanan property
Toronto-based AfriOre (AFO-V) has uncovered three large kimberlite pipes at its 57%-owned Kokong West property in Botswana.The discovery was made while the junior was drill-testing geophysical targets…
THE DIAMOND PAGE — Shore and Rio drill kimberlites at Fort la Corne
At the Fort la Corne property in Saskatchewan, five holes drilled to test geophysical targets have intersected kimberlite.Partners Shore Gold (SGF-A) and Rio Nevada Mines (RN-A) report that caustic-fu…
Gold price continues to tumble
Gold prices dropped to 3-year lows in early January, hitting a London spot price of US$356.60 per oz. on Jan. 8, down $12.80 from Dec. 27, 1996.The tumble comes after spot prices peaked above US$400 p…
LETTER TO THE EDITOR — Interference by Indonesian gov’t reminiscent of NEP
A paragraph in your editorial on Bre-X Resources, Barrick Gold and the Indonesian government, entitled “Hardball or spitball?’ (T.N.M., Dec. 9/96), represents an unbelievable zenith of naivete on your…
La Chicharra returning gold for Geomaque
The latest round of drilling on the Chicharra gold target in Mexico’s Sonora state has returned encouraging results for Geomaque Exploration (GEO-T).The Chicharra lies 2.5 km northwest of the company’…
THE DIAMOND PAGE — Rex confirms impressive grades
Rex Diamond (RXD-T) has confirmed that its kimberlites at Tongo Fields in Sierra Leone rank highly among world diamond deposits.The company states the diamonds have an average value of US$175 per cara…
THE DIAMOND PAGE — Caldera targets Edward Creek
An aeromagnetic and radiometric survey by Caldera Resources (CDR-M) has outlined 22 possible kimberlite structures at the Edward Creek property in the Lake Eyre region of South Australia.Caldera, whic…
Toronto Stock Exchange Indices (January 13, 1997)
1996Jan 7Jan 6Jan 3Jan 2Dec 31Dec 30HighLow…
Chase Resource and Delta Gold propose consolidation
Sister companies Chase Resource (CQS-T) and Delta Gold Mining (DTG-V) have agreed to amalgamate into a new entity, which will retain the former’s name.The move will consolidate the partners’ interests…