Chair appointed to Lassonde program
A former Noranda researcher and current head of the department of mining engineering at Queen’s University has been appointed chair of the Lassonde Geological and Mining Engineering Program at the Uni…
1997
Pioneer explores Nokomis Lake
Based on recent drill results, Pioneer Metals (PSM-T) believes ongoing exploration is warranted at the Nokomis Lake gold project, 68 km northeast of Flin Flon, Man.The Vancouver-based company is earni…
GREATEST VALUE TRADED (June 16, 1997)
ExchgValue($000s)HighLowCloseChangeBarrick GoldT1…
DIAMOND PAGE — Ashton tests Alberta pipes
The latest exploration results released by Ashton Mining of Canada (ACA-T) bring to 11 the number of kimberlite pipes tested at the Buffalo Hills property in northern Alberta.The company reported init…
LETTER TO THE EDITOR — Salting easy to detect, preventable
A disturbing trend seems to be developing as a result of the scandals surrounding Cartaway Resources, Bre-X Minerals, Delgratia Mining and possibly Hixon Gold and Golden Rule.Fraud or incompetence in …
STOCK MARKETS — Western markets negotiate a slippery slope — Latin America explorers off, diamond explorers lacklustre
The Vancouver Stock Exchange composite index was down over the report period ended June 10, losing 28.76 points to finish the week at 961.32.The Alberta Exchange, which also continued to slide, was of…
MOST ACTIVE ISSUES (June 16, 1997)
ExchgVol(000s)CloseQ.E.X. ResM99000.75Barrick GoldT…
Anvil retains financial adviser
Toronto-based Anvil Range Mining (ARO-T) has retained RBC Dominion Securities to help review refinancing options that would allow the company to resume operations at Faro, Y.T.As financial adviser, RB…
DIAMOND PAGE — Hymex reports on May production
An alluvial diamond mine in Guinea, West Africa, recovered 4,142 diamonds weighing a total of 2,177.7 carats during the month of May, reports operator Hymex Diamond (HMD-V).Of this total, 287 stones r…
TSE SHORTS (June 16, 1997)
Short positions outstanding at May 31, 1997Larger individual positions included: Barrick Gold 12,118,753, up 391,400; Ashton Mining of Canada 110,000, down 104,722; Adex Mining 106,000, down 204,000; …
Francisco drills in Mexico
To accelerate drilling, Francisco Gold (FGX-V) has mobilized a third rig to the Sauzal gold property in Mexico’s Chihuahua state.The program is drill-Testing potential targets that extend immediately …
TSE INDICES (June 16, 1997)
1997June 10June 9June 6June 5June 4HighLowComposi…