Wolverine adds to Lynx zone
Drilling on the Lynx zone at the Wolverine project in the Yukon has extended the zone 50 metres updip, to the south over a 200-Metre-long area.The thick, high-grade core of the Lynx zone thins updip t…
News
DIAMOND PAGE — DIAMOND NEWS ROUNDUP — Poplar eyes Irish diamonds
While Ireland is not widely known as being prospective for diamonds, the British Geological Society’s 1995 publication, The Potential for Diamonds in Britain, suggests that the pursuit of gems of the …
DIAMOND PAGE — DIAMOND NEWS ROUNDUP — United Reef commissions plant
The commissioning of a 30-Tonne-per-hour diamond recovery plant is proceeding on schedule at the Bamingui River property in the Central African Republic, reports operator United Reef (URP-T).The joint…
Metal Prices — Daily Metal Prices (June 23, 1997)
BASE METALS (London Metal Exchange – Midday bid/ask prices in US$ per tonne)DateJune 17June 16June 13June 12J…
Tenke holds significant potential
Five of seven holes drilled at the Tenke Fungurume copper-Cobalt project in the Democratic Republic of Congo confirm the property’s potential for additional copper-Cobalt mineralization, Tenke Mining …
Taurus uncovers Panamanian porphyry
Seven of nine holes drilled at the Ipeti concession in Panama have intersected low grades of gold and copper mineralization.International Taurus Resources (ITS-V) says the results indicate the presenc…
Newmex plans merger with Santa Cruz
Subject to shareholder and other approvals, Santa Cruz Gold (SCG-T) and Newmex Mining (MEX-T) will amalgamate to form a new company to carry on business as Santa Cruz Gold.The proposed transaction cal…
LME Warehouse Levels (June 23, 1997)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at June 16/97 (change from previous week in brackets):Aluminium698,650(-19,425)Copper122,225(-5,900)Lead116,875(-675)Nickel51,1…
Gold Funds (June 23, 1997)
Gold Funds as of June 12, 1997BGRCentralNet Value$20.53$5.87Price$15.25$5…
NEWS IN BRIEF (June 23, 1997)
First Impression Singles (FIM-V) has changed its name to Global Explorations (GXC-V).
Private donations expand — U of T’s geological research — Geology and physics departments get $1 million each
The University of Toronto has received two separate donations that will lead to the creation of chairs for ore genesis geology and exploration geophysics, within the departments of geology and physics…
Drills hit at Duquesne West
Recent drilling by Sante Fe Canadian Mining, a unit of Newmont Gold (NGC-N), has tested a geophysical anomaly at the Duquesne West gold property near Rouyn-Noranda, Quebec.The company is earning an in…