PEOPLE — ARCHANGEL DIAMOND (October 14, 1996)
Richard Wake-Walker appointed director.
News
PEOPLE — ACHIEVA DEV.
James Bryce appointed director and president.
GOLD FUNDS (October 14, 1996)
Gold Funds as of October 3, 1996BGRCentralNet Value$24.14$6.30Price$18.70…
PEOPLE — WESTWARD
T. Magee appointed president.
Daisy gold project blooms for Inter-Rock and Rayrock
Partners Inter-Rock Gold (IRO-T) and Rayrock Yellowknife Resources (RAY-T) have found what appears to be a new zone of mineralization on their Daisy gold project in southwestern Nevada.While testing f…
Cusac puts meat on Table Mountain
Junior gold producer Cusac Gold Mines (CQC-T) has beefed up reserves at its Table Mountain gold mine in north-central British Columbia.Drilling on the surface of the previously mined Vollaug vein, Cus…
FACTS & FIGURES — Bright future for silver
Undiscouraged by the downward trend of the early 1990s, silver miners are generally optimistic about production in the last half of the decade.Increases throughout the world are forecast for each year…
Alaskan mine to provide housing
Coeur d’Alene Mines and a native corporation, Goldbelt, will work together to build and maintain up to 102 housing units for residents of Juneau, Alaska.The project will form one phase of the construc…
Dakota and Ariel propose merger
By acquiring Costa Rica’s only gold producing company, Dakota Mining (DKT-T) intends to capitalize on growing interest in Central America.Dakota President Alan Bell had spent a year seeking merger opp…
FINANCING (October 14, 1996)
Goldust Mines Ltd. — 4,000,000 Flow-through common shs @ 75 cents per sh.Namibian Minerals Corp. — 2,000,000 Common shs and 1,000,000 common sh purchase wts upon the exercise of special wts previous…
DIAMOND NEWS ROUNDUP — Archon to drill targets
A 2,000-ft. drill program will test four prospective kimberlite targets on ground held by Archon Minerals (ACS-V) in the Northwest Territories.The company has been carrying out a closely spaced progra…
Trivalence Mining sells alluvial gems
Sales of alluvial diamonds are reported from the Aredor concession in Guinea, West Africa.An 851.46-carat parcel of rough diamonds recovered from test runs sold for US$340,000, while a single stone we…