Sulliden explores near Nugget Pond
Sulliden Exploration (SUE-M) has begun the second phase of exploration at its Red Cliff Pond-Long Pond project on Newfoundland’s Baie Verte Peninsula.The project area is adjacent to the recently opene…
News
INSIDER TRADING — Sutton insiders find spring a good time to sell
Senior officers of Sutton Resources (STT-V) were active in the market in March and April of 1997, according to the Ontario Securities Commission.James Sinclair, director, exercised 130,000 options at …
Canuc, Placer ink Ecuadoran deal
Toronto-based Canuc Resources (CANC-C) has entered into a joint-Venture agreement with Placer Dome (PDG-T) to explore and develop the Nambija gold deposit in southeastern Ecuador.Under the agreement, …
DIAMOND NEWS ROUNDUP — Kennecott delays Candle Lake drilling
At the Candle Lake joint venture in the Fort la Corne area of Saskatchewan, Kennecott Canada has suspended a 25-Tonne program of mini-bulk sampling on kimberlite C29/30 until a larger drill rig can be…
Platinova receives backing from Greenland
Toronto-based Platinova (PAS-T) has secured a private placement with the government of Greenland.Greenland has purchased 1.4 million Platinova shares at $1.51 per share, the total value of which is $2…
STOCK MARKETS — Gold stocks slammed by troubled bullion market — Gold sale Down Under gives investors the jitters
While the Toronto Stock Exchange continued to set records over the report period July 2-8, the TSE’s gold and precious minerals sub-group, wounded by the meltdown in the gold market, lurched to an ind…
LME WHSE LEVELS (July 14, 1997)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at July 7/97 (change from previous week in brackets):Aluminium659575(-11275)Copper133350(+5025)Lead117125(+625)Nickel53388(+11…
Alaskan conference to highlight past and future
A conference designed to focus on both the past and future of the mineral industry will be held Sept. 9-13 at the Carlson Center in Fairbanks, Alaska.Entitled “International Symposium on Mining” and c…
COMMENTARY –Reserve and resource estimation, Part 2
When considering investing in junior mining stocks, potential backers are strongly advised to query mining promoters and company officials on the calculation of reserve estimates. Among the questions …
Geophysical conference attracts international audience
More than 80 presentations will be made at a conference on geophysical and geochemical exploration technology scheduled for Sept. 14-18 at the Metro Toronto Convention Centre.Entitled “Exploration ’97…
PEOPLE — GUYANOR
Jean-Francois Sauvage appointed managing director.
PEOPLE — ELDORADO GOLD (July 14, 1997)
Antonio Zini appointed director of exploration for Brazil.