GeoNova ups Discovery resource
GeoNova Explorations (GNE-M) has boosted by 33% the estimated resource of the Discovery zone at its contiguous Desjardins and Borduas-Martel gold properties, 45 km north of Lebel-sur-Quvillon in north…
News
DIAMOND PAGE — Buyers pay top dollar for United Reef gems — CAR diamond project expansion continues
Toronto-based diamond producer United Reef (URP-T) has sold 1,440.5 carats of diamonds from its Mbala mine in the Central African Republic (C.A.R.) for just under US$300,000.The average selling price …
Amax reports record output
With three new mines in operation, quarterly gold production for Amax Gold (AU-N) has reached record levels.The three mines — Fort Knox in Alaska, Kubaka in eastern Russia and Refugio in Chile — con…
DIAMOND PAGE — Serengeti Diamonds picks targets from data
Geophysical consultants for Serengeti Diamonds (SGD-V) have reprocessed data gleaned from airborne geophysical surveys flown over Tanzania by the South African firm Geosurvey between 1979 and 1981.Ser…
Geomaque expands Honduran deposit
Geomaque Explorations (GEO-T) has extended the San Juan zone as a result of drilling carried out on the Vueltas del Rio gold project in northwestern Honduras.Drilling began in February in the eastern …
STOCK MARKETS — Metal mines awaken to enlivened Toronto markets — Even the gold sub-group recovers modestly in upbeat market
The Toronto Stock Exchange finished with another record high close on July 29, finishing the trading period at 6,801.17 — a gain of 86.92 points — over the trading period July 23-29.The Canadian dol…
No end in sight for Las Cristinas dispute
A dispute over potential ownership of a major gold mine remains unsettled following a ruling by a Venezuelan court.The proponents in this David-Vs.-Goliath affair are Crystallex International (KRY-T),…
Eastmain aims drills at Quebec
Junior Eastmain Resources (ER-T) will begin an 8,000-Metre diamond drill program on three properties situated along the Eastmain River greenstone belt, 800 km northwest of Montreal, Quebec.At the Clea…
Corrections (August 04, 1997)
An article on page 6 of our July 28 issue includes incorrect information regarding the operatorship and funding of the VBE-1 project. The operator of the 1997 exploration program is Columbia Yukon Res…
Band-Ore puts resource figure on Thorne
Three advanced exploration projects in the Timmins, Ont. region have moved a step closer to development.At the Thorne property, Band-Ore Resources (BAN-T) has released its long-Awaited resource estima…
Study positive for Almaden project
Based on the results of a positive feasibility study by Watts, Griffis & McOuat, International Freegold Mineral Development (ITF-G) intends to proceed with the permitting process for the Almaden gold …
Brigadier explores in Hearst Twp.
An old prospect on a splay of northeastern Ontario’s Larder Lake Break will be stripped and sampled by newly listed Brigadier Gold (BRIG-C).The Benson Creek property is on Highway 624, just southwest …