DIAMOND PAGE — Pure Gold, Cayo plan merger
Two substantial landholders in the Alberta diamond play, Pure Gold Resources (PUG-T) and Cayo Resources (CAYO-C), have agreed to pool their interests.The proposed merger calls for Pure Gold shareholde…
News
TSE INDICES (September 08, 1997)
1997Sept 2Sept 1Aug 29Aug 28Aug 27HighLowComposit…
Drilling tests for nickel in Yukon
A 20-hole drill program comprising 2,500 ft. will test a deposit of nickel mineralization for potential minable thicknesses at the Taiga project, 95 km northeast of Dawson City, Y.T.The project consis…
Kinross Gold takes writedown — US$24-m charge wipes out operating profit
An after-shock from the Macassa rock burst in April has registered on the books at Kinross Gold (K-T).Although production has resumed on the upper levels of the mine, situated east of Kirkland Lake, O…
Niocan updates niobium resource
Based on drilling completed this spring, Montreal-based Niocan (NIO-M) has released new resource estimates for its niobium deposit near Oka, Que.The consortium known as MET-CHEM-Pellemon, which is com…
Cerro Mojon mine reaches full production
The Cerro Mojon gold project in Nicaragua has entered commercial production.Owner and operator Greenstone Resources (GRE-T) expects the open-pit, heap-leach operation to yield 28,000 oz. gold during t…
Moris lands Manhattan in black
A year after its first gold pour, the Moris mine in northern Mexico has achieved commercial production.Manhattan Minerals (MAN-T) reports that the mine an — open-pit, heap-leach operation in Chihuahu…
Nord drills deeper in PNG
With the aid of an induced-polarization (IP) survey, Nord Pacific (NPF-T) has intercepted high-grade gold values at its Tabar Islands project in Papua New Guinea.The company initiated the survey over …
First half disappoints Triton
In spite of higher production and lower cash costs at its gold mine in Nicaragua, Triton Mining (TTM-T) tabled a lacklustre balance sheet for the first half of 1997.The El Limon mine yielded 22,301 oz…
Sampling of C12 kimberlite — yields macros and micros at Commonwealth
vancouverAnalysis of 257.5 kg of core from the C12 kimberlite pipe, situated on the Commonwealth claim block in the Lac de Gras region of the Northwest Territories, has yielded 30 macrodiamonds and 44…
STOCK MARKETS — Western markets remain static as summer draws to close — Mountain Province and Glenmore among few issues showing life signs
Western markets remained quiet over the report period ended Aug. 26. The Vancouver Stock Exchange composite index finished the period unchanged at 833.6, while the mining index edged up 2.95 points, o…
Mar-West, Curion expand Honduran deposit
An oxidized gold resource in excess of 20 million tonnes grading 1.3 grams gold per tonne has been established at the San Martin concession in central Honduras.The announcement follows a first phase o…