Cathedral doubles Honduran position
Toronto-listed Cathedral Gold (CAT-T) has extended its land position at the Lady property in Honduras.In expanding the property to 110 from 56 sq. km, Cathedral has also extended its area of gold-silv…
News
Conference to focus on native-corporate relationships
Canada Forum and the Canadian Aboriginal Minerals Association will co-host the fourth annual conference on the relationship between mining companies and aboriginal communities.Entitled “Tapping Tradit…
New gold zone found at Meadowbank property
Partners Cumberland Resources (CBD-T) and Comaplex Minerals (CMF-T) have identified a new gold zone on their Meadowbank project, north of Baker Lake, N.W.T.Drilling 600 metres north of, and across the…
Daisy mine on track for 1997
Preparations for production are under way at the Daisy gold mine in Nevada.Inter-Rock Gold (IRO-T) reports that its mining contractor is constructing haul roads and lining the leach pads for the open-…
Caldera Resources encouraged by Abminga drilling
One hurdle has been cleared by Caldera Resources (CDR-M) in its program of anomaly investigation at the Abminga diamond exploration project in southern Australia,The company has been drilling magnetic…
Granges, Da Capo pool their resources
Vancouver-based Da Capo Resource (DCX-V) and Denver-based Granges (GXL-T) will amalgamate under the name Vista Gold.The boards of directors of both companies unanimously approved the agreement, which …
NEWS IN BRIEF — Montello eyes Alberta anomalies
Geochemical and ground magnetic surveys have identified nine potential kimberlite targets on the Troymin property near Hinton, Alta.The 215,000-acre property is held 50% by Montello Resources (MEO-A),…
THE DIAMOND PAGE — Archangel recovers more diamonds from Russian pipe
Canadian diamond explorer Archangel Diamond (AAD-V) has released results from the latest hole to have intersected kimberlite diatreme in the newly discovered 441 pipe at its 40% held Verkhotina diamon…
Newmont Gold sells Grassy back to Atlas
Atlas (AZ-N) is buying back the Grassy Mountain gold deposit in southeastern Oregon.Atlas has paid US$206,000 and issued a promissory note for US$500,000 to the current vendor, Newmont Gold (NGC-N). A…
THE DIAMOND PAGE — BHP enters talks with De Beers over Lac de Gras mine
BHP Minerals says it has had discussions at senior levels with De Beers Consolidated Mines about marketing gemstone production from its diamond project near Lac de Gras in the Northwest Territiories.T…
STOCK MARKETS — Tumbling golds pull western markets down
The Vancouver Stock Exchange composite index slipped 21.93 points over the report period ended Oct. 1, to close at 1,205.5. The resource index finished at 2,284.43, down 78.66 points. The resource sec…
Spot prices at a glance (October 07, 1996)
Wednesday, October 2, 1996Price (US)Week’s ChangeGold*$379.20- $4.05Silver*$ 4.91…