NEVADA — Mirandor options ground
Montreal-based Mirandor Exploration (MIQ-M) has optioned a gold property situated next door to its Railroad project, southwest of Elko.Dubbed the Dixie project, it consists of 92 unpatented mining cla…
1997
THE DIAMOND PAGE — United Reef mines in C.A.R.
Operator United Reef (URP-T) reports that mining has started at the MBala site on the Bamingui River diamond property in the Central African Republic.A 30-Tonne-per-hour plant is expected to be operat…
NEVADA — Camnor eyes Alum property
A recent letter agreement sets the stage for Camnor Resources (CMB-V) to acquire a 100% interest in the Alum property in Nevada’s Emerald Cty.The Vancouver-based junior also plans to acquire a 100% in…
THE DIAMOND PAGE –Messina launches bulk sampling
A 50,000-Tonne bulk-sampling operation is under way at the Liqhobong diamond project, 110 km northeast of Maseru, Lesotho.Messina Diamond (MSC.U-T) recently completed a first phase of drilling which w…
NEVADA — Cortez partners aim to extend Pipeline mineralization — Exploration program will test potential of Coral Gold’s Robertson property
The Cortez joint venture will attempt to extend its Pipeline deposit by exploring on the Robertson property of Vancouver-based Coral Gold (CLH-V)According to Louis Wolfin, president of Coral, the Cort…
NEVADA — U.S. to revise mining regulations
The U.S. Bureau of Land Management (BLM) has formed a task force to evaluate possible revisions to the “3,809 regulations” governing hard-rock mining on BLM lands.In 1991, a similar task force conclud…
NEVADA — Romarco encouraged by Converse drillholes
Drilling by Romarco Minerals (R-T) at the Converse gold project in Humboldt Cty. has returned several promising intersections.The project is a joint venture involving Toronto-based Romarco and German-…
NEVADA — Production milestone of 1 million oz. forecast for Bald Mountain gold mine
Open-pit operation looks forward to eight more productive yearsThe Bald Mountain heap-leach gold mine of Placer Dome (PDG-T) has turned out 850,000 oz. since it entered production in 1983 and, with ei…
NEVADA — Dee mine mothballed due to weak gold price
Rayrock Yellowknife Resources (RAY-T) will mothball its Dee gold mine in northern Nevada as a result of weak gold prices.Situated in the Carlin trend, the operation is expected to close sometime in th…
NEAVADA — Ken Snyder deposit expected to boost revenue for royalty sisters — Franco-Nevada, Euro-Nevada to spend US$28.5m on development
In an effort to sustain record profits, royalty sisters Franco-Nevada Mining (FN-T) and Euro-Nevada Mining (EN-T) have departed from their traditional “silent partner” role of acquiring and benefiting…
Toronto Stock Exchange Indices (June 02, 1997)
1997May 27May 26May 23May 22May 21HighLowComposit…
NEVADA — Cons. Nevada picks up another Aurora
Electra Gold (ELT-V) will sell its 10-year-old Aurora gold mine in southwestern Nevada to Consolidated Nevada Goldfields (KNV-T) in a deal worth US$2 million.The latter will pay US$1 million in cash a…