Birch Mountain hits sulphides at Swift River
Drilling at Birch Mountain Resources’ (BMD-A) 12,000-ha Swift River property in southern Yukon has encountered sulphide mineralization in three of nine drill holes.Last summer’s exploration program in…
News
Cambior, Golden Star boost reserves at Gross Rosebel — Resource figures climb at La Arena project
Once again, Cambior (CBJ-T) and partner Golden Star Resources (GSC-T) have increased the reserve estimate at their Gross Rosebel gold project in Suriname, South America, by almost one-third.The Gross …
Romarco drills new gold-silver veins at Midas project in Nevada
Exploration drilling by Romarco Minerals (R-T) on the Belnap claims of its wholly owned Midas project in Nevada has encountered two new high-grade gold-silver veins.The new veins are known as Footwall…
DIAMOND BRIEFS — DiamondWorks sells gems for US$3.1 million
Vancouver-based DiamondWorks (DMW-T) has received more than US$3.1 million from the sale of its first parcel of diamonds from the Luo diamond mine in northeastern Angola.The parcel, sold in Antwerp, B…
MOST ACTIVE ISSUES, Oct. 1-7
ExchgVol(000’sCloseCross Lake MnrV87871.33Placer DomeT…
World exploration salaries at comparable levels
A survey suggests that salaries for those employed in the upper levels of exploration are consistent throughout many countries that have a substantial mining industry.Salaries for exploration professi…
DIAMOND PAGE — SouthernEra confirms Marsfontein diamond grades
Assays of a bulk sample taken from the M-1 kimberlite pipe on the Marsfontein farm at the Klipspringer project in South Africa have confirmed earlier grade estimates, reports SouthernEra Resources (SU…
DIAMOND PAGE — More diamonds pulled from Buffalo Hills kimberlite
A second sample from the promising K14C kimberlite at the Buffalo Hills project in north-central Alberta has yielded one macrodiamond and 94 microdiamonds from 45.6 kg of drill core.An earlier 43.4-kg…
GEOLOGY 101 — Placer gold deposits, Pt. 2
Although placer gold deposits have yielded less than 10% of Canada’s gold production, their discovery played an important role in attracting settlers to remote areas of the country.For example, the Ca…
Franco, Euro advance Ken Snyder to production
Faced with the real possibility of declining royalty payments from future operations along this state’s Carlin trend, Franco-Nevada Mining (FN-T) and Euro-Nevada Mining (EN-T) have decided to enter th…
DIAMOND BRIEFS — Ashton closes rights offering
A rights offering by Ashton Mining of Canada (ACA-T) raised $15.7 million.Proceeds will be used to fund ongoing exploration in North America, including a work program under way at an extensive field o…
GOLD FUNDS (October 13, 1997)
Gold Funds as of October 2, 1997BGRCentralNet Value$18.67$5.94Price$14.45…