GREATEST VALUE TRADED (November 03, 1997)
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News
Northern Orion and BHP define zone in N.W. Argentina
Drilling in the Filo Amarillo area of the Agua Rica project in northwestern Argentina continues to broaden a newly discovered zone of high-grade copper.Situated in Catamarca province, Agua Rica is a m…
DIAMOND PAGE — Hymex sells alluvial diamonds
Vancouver-based junior Hymex Diamond (HMD-V) has sold just under 11,000 carats of diamonds from its properties in Guinea, West Africa.Proceeds of the sale, held in Antwerp, Belgium, amounted to US$808…
DIAMOND NEWS ROUNDUP — Project targets anomalies
A joint venture consisting of Canadian Mountain Minerals (CYM-A), Dia Met Minerals (DMM-T) and Australian-based Quadrant Resources has detected more than 100 circular magnetic anomalies on diamond cla…
DIAMOND NEWS ROUNDUP — Redaurum gem sets record
Toronto-based Redaurum (RRK-T) reports that its 28.2-carat, gem-quality Colorado diamond has been cut and polished, yielding a 16.86-carat, cushion-cut, white stone that will soon be offered at auctio…
DIAMOND PAGE — De Beers strikes deal with Russians
South Africa-based De Beers Consolidated Mines (DBRS-Q) has concluded a trade agreement with the Russian government and mining industry on the export and sale of Russian rough diamonds to the company’…
EDITORIAL — The legacy of Busang — Tighter rules on foreign projects Regulators and mining industry experts are engaged in much soul-searching, and a good part of this exercise is aimed at finding ways to ensure that a massive fraud such as Bre-X Minerals’ Busang project does not happen again.
While this infamous bungle in the jungle was an extraordinary event, an open discussion on tightening up the rules of the game is taking place in Toronto. Several proposals for reforms have already be…
Stock prices rally in Toronto, New York Bargain-hunters rush in, following market crash
After several days of losses in stock markets around the world, stock prices began to rally on Oct. 28.The recovery was fuelled first by announcements that a number of large companies were planning to…
Westmin, Atna concerned over selenium at Wolverine
High selenium content could hinder the economic potential of the Wolverine volcanogenic massive sulphide deposit in the southeastern Yukon.Partners Westmin Resources (WMI-T) and Atna Resources (ATN-T)…
Pentland raises funds
Toronto-based Pentland Firth Ventures (PF-T) has raised $1.6 million by issuing 1.5 million flow-through shares to Kinross Gold (K-T).The shares, which are subject to a 1-year holding period, boost Ki…
ODDS ‘N’ SODS — Canadian back bacon
Every Canadian geologist has, at one time or another, obstinately argued that a particular chunk of muskeg or tundra he had walked over had the worst bugs in the world.Those who have worked outside of…
STOCK MARKETS — Few escape unscathed as crash KOs western markets — VSE struggles to recover from Hong Kong-triggered ‘severe correction’
The Vancouver Stock Exchange composite index fell 71.08 points, or 8.5%, to 762.36 over the report period ended Oct. 28. The mining index plummeted 81.86 points, or 11%, finishing at 662.75 points. Th…