OPINION — The value of gold
Although central banks, hedge funds and others involved in finance insist that inflation is low, this is not the case. Gold companies that recognize the difference between gold and paper money, howeve…
1997
EDITORIAL PAGE — PDAC takes the world stage
In early March, the Prospectors & Developers Association of Canada (PDAC) hosted what has become the foremost mining conference and exhibition in the world.This is no small accomplishment for an organ…
THE DIAMOND PAGE — New kimberlite discovered at Yamba Lake project
Partners Cypango Ventures (CAV-V), Mill City Gold Mining (MIY-V) and Tanqueray Resources (TQY-A) have discovered a new kimberlite pipe on the Yamba Lake property in the Lac de Gras region of the North…
STOCK MARKETS — VSE feeds off Indonesian plays
The Vancouver Stock Exchange composite index was down slightly over the report period ended March 18, losing 21.48 points to close at 1,325.7. The resource index was off 54.5 points to finish at 2,463…
LETTER TO THE EDITOR — Unsettled land claims in Labrador cause concern for Quebec natives
I couldn’t agree more with the last sentence in the editorial of Feb. 24 entitled “Footprints over Voisey’s Bay,” which states: “Native groups elsewhere in Canada should, in the spirit of generosity a…
METAL PRICES — FREE MARKET (March 24, 1997)
London Metal ExchangeMidday bid-ask prices in $US per tonneDateMar. 18Mar. 17Mar. 14Mar. 13Mar. 12…
Reserves triple at Limon gold mine
Idaho-based Fischer-Watt Gold (FWGO-O) has tripled proven and probable reserves at its Limon gold mine in northwestern Colombia.The figure now stands at 99,400 tonnes grading 16 grams gold per tonne, …
THE DIAMOND PAGE — Early startup planned at Tongo Fields project
Near-surface diamond production at the Tongo Fields project in Sierra Leone will enable Rex Diamond (RXD-T) to fund development of an underground mine at the site.Rex will soon be producing diamonds f…
PRODUCER PRICES (March 24, 1997)
ALUMINIUM: LME settlements US$1,610 per tonne, alloy $1,510 per tonne (Mar. 18/97).ANTIMONY: Composite free market, US$2,175 per tonne (Mar. 18/97).BISMUTH: Composite free market US$3.15 per lb. (Mar….
Alberta Stock Exchange files notice of hearing against Naxos
The Alberta Stock Exchange (ASE) has filed a notice of hearing against Naxos Resources and its president, Jimmy John.Trading in the company’s shares has been halted since May 1996.The notice alleges v…
Goldbelt discovers porphyry in Kazakstan
Goldbelt Resources (GDB-V) has discovered a porphyry copper-gold deposit at its Berezky Central prospect in northeastern Kazakstan.The discovery was made following a 2,100-metre, 11-hole drill program…
Delgratia makes waves on U.S. markets
Shares of Delgratia Mining (DELGF-Q) hit the US$30 mark after more results were released from reverse-circulation drilling carried out at the company’s property, 50 km south of Las Vegas, Nev.At the e…