GOLD FUNDS (March 31, 1997)
Gold Funds as of March 20, 1997BGRCentralNet Value$23.16$6.22Price$18.35$…
1997
Drilling yields gold values at Virgen deposit
Although diamond drilling at the Virgen gold property in north-central Peru has been hampered by bad ground conditions, preliminary results from the first five holes of a 13-hole program are comparabl…
EDITORIAL PAGE — Tackling corruption
Doing business in foreign countries has placed some North American mining companies face-to-face with the problem of how to secure promising projects without taking part in the corrupt business practi…
Placer writes off Marcopper stake
Placer Dome (PDG-T) has divested itself of its interest in Marcopper Mining of the Philippines, following a tailings spill in 1996 that forced the Vancouver company to take a US$43-million charge agai…
High-grade skarn identified at Pajaritos
General Minerals (GNM-T) has intercepted high-grade copper-gold values at its Pajaritos property in Chile.The company recently drilled eight holes, each of which intercepted anomalous values. The high…
Silver Century Explorations options Falconbridge’s Temagami properties
Silver Century Explorations (SVC-A) has entered into an option agreement with Falconbridge (FL-T) regarding a 2,800-ha property group in Strathy and Cassels twps., north of Temagami, Ont.Silver Centur…
THE DIAMOND PAGE — Canabrava finds large diamond in Brazil
A 37.8-carat diamond has been recovered from a small stream that drains five magnetic targets on Canabrava Diamond’s (CNB-V) joint-ventured Quintinos property in eastern Brazil.The targets form part o…
THE DIAMOND PAGE — DiamondWorks starts mining in Angola
DiamondWorks (DMW-V) has begun mining alluvial diamonds at its Luo project in Angola, following the commissioning of a 120-tonne-per-hour floating dredge.The dredge, airlifted in from South Africa, be…
TSE SHORTS (March 31, 1997)
Short positions outstanding at March 15, 1997Larger individual positions included: Barrick Gold 11,043,672, down 561,749; Agnico-Eagle 224,166; AJ Perron Gold 376,400; Antares Mining & Exploration 215…
THE DIAMOND PAGE — Redaurum develops South African mine
The Rooiberg alluvial diamond project of Redaurum (RRK-T) is on its way to minehood.The company has applied to the South African government for a licence to develop its 4,300-ha Rooiberg property, whe…
STOCK MARKETS — Sluggish VSE index drags miners down
The Vancouver Stock Exchange composite index continued its downward trend over the report period ended March 25, dragging many mining issues with it.The index lost 60 points to finish at 1,265.7. The …
METAL PRICES — FREE MARKET (March 31, 1997)
London Metal ExchangeMidday bid-ask prices in $US per tonneDateMar. 25Mar. 24Mar. 21Mar. 20Mar. 19…