More work for Petaquilla
Having kissed and made up after a short-lived dispute over a feasibility study, Adrian Resources (ADL-T), Teck (TEK-T) and Inmet Mining (IMN-T) have signed an agreement for the development of the Peta…
News
Guyana Goldfields drills Peters mine
Drill results are in hand from the first few holes of an ongoing program at the Peters mine property in Guyana, reports operator Guyana Goldfields (GGFI-C).Hole 1 returned 30 ft. grading 0.059 oz. gol…
Newmont reports boost in reserves
A global exploration effort has enabled Newmont Gold (NGN-N) to boost its gold reserves for the sixth consecutive year.The company ended 1996 with 37.1 million equity ounces of proven and probable res…
Trenching results impress at Dunkwa play
Encouraging trench results are reported from the southern portion of the Dunkwa gold property in Ghana.Ownership of Dunkwa is shared by Birim (90%) and the Ghanaian government (10%). Battle Mountain C…
THE DIAMOND PAGE — Dia Met forms Venezuelan partnership for alluvial property
Dia Met Minerals (DMM-T) is forming a joint venture in Venezuela to look for the hard rock source of diamonds on an alluvial property there.The Kelowna, B.C.-based company will join forces with the Ve…
THE DIAMOND PAGE — Sonora completes plant expansion at South African diamond mine
By April, Sonora Gold (SON-T) expects to have reached design capacity at the Klipdam diamond mine in the Kimberley-Barkly West area of South Africa.Once this is achieved, the mine is expected to produ…
TSE INDICES (March 03, 1997)
1997Feb 25Feb 24Feb 21Feb 20Feb 19HighLowComposit…
THE DIAMOND PAGE — Higher value reported at Diavik
Further valuations have boosted the carat value of diamonds from the A-154 South pipe at the Diavik project in the Lac de Gras region of the Northwest Territories.Ownership of the project is split 60-…
TSE SHORTS (March 03, 1997)
Short positions outstanding at February 15, 1997Larger individual positions included: Barrick Gold 10,628,093, down 342,686; Agnico-Eagle 256,368, down 93,924; AJ Perron Gold 376,400; Algoma Steel 471…
Tailings spill hampers bottom line of Placer
A tailings spill at the Marcopper copper mine in the Philippines continued to haunt Placer Dome (PDG-T) in 1996, contributing to a loss of US$65 million (or 27 cents per share).By comparison, the comp…
Northern Orion sizes up copper-gold deposit in western Argentina
Northern Orion (NNO-T) has announced a new resource estimate for its Campana Mahuida copper-gold deposit in western Argentina.Based on 107 drill holes and a cutoff grade of 0.25% copper, the geologic …
Western Copper expands Mexican land position
In north-central Mexico, Western Copper Holdings (WTC-T) has entered into a preliminary agreement to option seven properties comprising 180,000 ha.Situated in Zacatecas state, the properties are held …