DIAMOND PAGE — Canabrava busy in Brazil
With the ink barely dry on their option agreement, partners SouthernEra Resources (SUF-T) and Canabrava Diamond (CNB-V) have begun exploration at the latter’s 480,000-ha namesake diamond project in so…
News
Eldorado trims costs, ramps up production
In pursuit of its goal of producing 190,000 oz. gold by the end of the year, Eldorado Gold (ELD-T) cut cash costs and increased output during second quarter.In the second 3-month period of the year, t…
Index (July 26, 1999)
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EuroZinc arranges financing, defines Feitais deposit
A recent $4.5-million financing will be used by EuroZinc Mining (EZM-V) to advance feasibility studies at the Aljustrel zinc project in Portugal, where a delineation drill program was recently complet…
Jeweler snags Aber stake
Upscale jeweler Tiffany & Co. (TIF-N) will invest $104 million in Aber Resources (ABZ-T) in return for a “substantial portion” of the company’s share of production from the Diavik diamond project in t…
Partners hit more sulphides
Drilling by partners Thundermin Resources (THR-T) and Queenston Mining (QMI-T) at the Duck Pond copper-zinc deposit in central Newfoundland could potentially boost known resources.Two of the four most…
NEWS ROUNDUP — Cambior options Lac Dor property
Cambior (CBJ-T) has acquired an option to buy a 40% interest in the Lac Dor vanadium property from privately held McKenzie Bay Resources.Cambior must spend $4 million on a bankable feasibility study o…
Gold adds to Tambo Grande
Results from 41 diamond drill holes on the TG-1 deposit at Tambo Grande, in northern Peru, have confirmed extensions to sulphide and oxide portions of the deposit and revealed a significant gold conte…
Resource grows at Timmins project
The Hoyle Township project owned by Black Hawk Mining (BHK-T) east of Timmins, Ont., has a substantial gold resource and could be economic at improved gold prices, according to a recent report.The stu…
NEWS ROUNDUP — Maude Lake and Sirios option property
Juniors Maude Lake Exploration (MAU-M) and Sirios Resources (SOI-M) have optioned to Falconbridge (FL-T) their 672-ha base metal property in Quebec’s Lac Rocher region.Falconbridge can acqui…
EDITORIAL & OPINION — COMMENTARY — Gold sales fly in face of logic
The Chamber of Mines of South Africa condemns the method and timing of gold sales by the British government, which commenced with the public auction of 25 tonnes of gold by the Bank of England (BOE) o…
Twin Gold eyes discovery
A tidewater diamond discovery in northern Quebec’s Ungava region has caught the eye of Twin Gold (TWG-T), a junior best known for its Atlanta gold project in Idaho.Twin Gold intends to test a dozen Gr…