Resource estimate for Diavik
Based on preliminary geological modelling of four pipes, the Diavik project in the Lac de Gras area of the Northwest Territories is estimated to contain resources of 36 million tonnes of kimberlite, d…
News
Bre-X execs pocket profits — Felderhofs and Walshes earn $77 million
The principals of Bre-X Minerals (BXM-T) lost many millions on paper when the stock crashed on March 27. But not before they made millions exercising lucrative options and selling high.Insider trading…
ODDS `N’ SODS — Working on the railroad
During my 16 years in Timmins, Ont., I seemed to be involved with mine cars on a continual basis.Redesigning the cars at the Paymaster gold mine presented the biggest challenge I faced while working i…
GEOLOGY 101 — Epithermal deposits, Part 2
Epithermal gold deposits, which contribute significantly to the world’s gold supply, are an important exploration target which must be evaluated carefully based on the amount of metal they might provi…
Houston Lake extends gold zone at Dogpaw Lake — Junior company options formerly producing Arrow and Vimy mines
Drilling on the Dogpaw Lake property in northwestern Ontario has enabled Houston Lake Mining (HLM-A) to more than double the known strike length of gold mineralization.Houston Lake holds an option to …
Southern Peru gets funds for expansion
Having arranged a multi-Million-dollar loan, Southern Peru Copper (PCU-N) is embarking on a program aimed at expanding and modifying its operations.The first stage in the project calls for expansion o…
Digger drills core at Copperhead gold project — Sister company Cepeda also drilling in Carolinas
The coastal plain of North Carolina is giving up a few of its secrets now that Digger Resources (DIG-V) has begun core drilling at the Copperhead gold project.Since 1996, when drilling began, Digger h…
METAL PRICES — DAILY METAL PRICES (April 14, 1997)
BASE METALS (London Metal Exchange – Midday bid/ask prices in US$ per tonne)DateApril 8April 7April 4April 3A…
STOCK MARKETS — Rise in U.S. interest rates deflate TSE still further
More than 54 million shares of Bre-X crossed the trading floor as investors continued to bail outBase metal companies rolled with the punches over the report period ended April 8, as U.S. interest rat…
LATIN AMERICA — Crystallex aims to expand Venezuelan mining and exploration activities
Kilometre 88, venezuela — The exploration boom that took place in this gold camp a few years ago has cooled down, leaving only a handful of juniors exploring and developing projects near the huge Las…
PEOPLE — AKASH VENTURES
T. Spilsbury appointed director.
LATIN AMERICA — NEWS IN BRIEF
Calgary-based Hampton Court Resources (HCR-A) has applied for the right to explore three mineral concessions in southern Ecuador. The land package is reported to cover placer gold occurrences.