Ashanti doubles resource in Tanzania
African miner Ashanti Goldfields (ASL-N) has released a new resource figure for the Geita gold project in Tanzania.Based on recent drilling along the 4.5-km trend of mineralization, the resource at Ge…
News
GEOLOGY 101 — Quartz-Carbonate vein gold deposits, Part 2
In temporal terms, quartz-Carbonate vein gold deposits apparently have been restricted to specific intervals in the Earth’s history, including the Late Archean, Early Proterozoic, early Paleozoic and …
Guyanor perseveres in French Guiana
Drilling of four targets on the St. Elie and Dieu Merci gold properties in French Guiana has resulted in varying degrees of success for Guyanor Ressources (GLR.B-T).The junior, which is exploring the …
DIAMOND PAGE — Drills turn near Voisey’s Bay
Three diamond drill rigs are at work on the VBE-1 claim block, situated east of, and adjacent to, Inco’s Voisey’s Bay nickel-Copper-Cobalt project in eastern Labrador.The program is operated by Falcon…
STOCK MARKETS — Golds rebound as TSE continues at record clip — Spot gold price returns to low US$320s; TSE 300 hits 6755
The feverish activity of North America’s markets continued unabated during the report period ended July 22, with the week being punctuated by U.S.Federal Reserve Chairman Alan Greenspan ruling out any…
MSV options Noranda’s Tortigny
The exploration subsidiary of Noranda (NOR-T) is optioning to MSV Resources (MSV-T) up to 100% of its Tortigny copper-zinc property near Chibougamau, Que.MSV may earn a half interest by spending $500,…
EDITORIAL AND COMMENTARY — `If you don’t explore, you won’t discover’ — In search of the unknown
After coffee and muffins and a few introductory remarks, Donald Cranston of Natural Resources Canada took the podium at the 54th Mines and Energy Ministers’ Conference in St. John’s, Nfld., and challe…
METAL PRICES — Daily Metal Prices (July 28, 1997)
BASE METALS (London Metal Exchange – Midday bid/ask prices in US$ per tonne)DateJuly 22July 21July 18July 17J…
Viceroy explores Brewery Creek targets
With the Brewery Creek gold mine up and running (T.N.M., June 23/96), operator Viceroy Resource (VOY-T) is turning its attention toward exploring several targets elsewhere on the Yukon property.A US$1…
Correction (July 28, 1997)
Projected production at the Illinois Creek mine in west-Central Alaska was incorrectly stated in our issue of July 14. The mine is expected to yield 65,000 oz. gold-equivalent annually.For the current…
Second group bids for IG mine contract
Vancouver-based Indochina Goldfields (ING-T) has received a second offer for the financing and construction of its Monywa copper project in Myanmar.The proposal combines financing from Daewoo Corp., a…
Monarch confirms potential in Durango
Reverse-Circulation drilling at the San Agustin property in Mexico’s Durango state has intersected wide zones of gold and silver mineralization.Monarch Resources (MRE-T), which is in the process of ac…