U.S. gov’t stalls Zortman project
The Board of Land Appeal for the U.S. Interior Department has granted a stay of the record of decision regarding the Zortman Extension project in Montana, thwarting attempts by Pegasus Gold (PGU-X) to…
News
Virginia Gold Mines finds new mineralization at Auclair property
Drilling of grassroots exploration targets at the Auclair property in the Eastmain greenstone belt of northern Quebec has turned up more gold for Virginia Gold Mines (VIA-M).The new zone, on the easte…
Eden Roc expects Afema to improve
Shareholders who attended the annual meeting of Eden Roc Mineral (EDN-T) did not hesitate to express some displeasure at the overall performance of the company’s gold mine in Ivory Coast, West Africa….
DIAMOND PAGE — De Beers’ CSO reports record sales
Sales of rough diamonds by the marketing arm of De Beers Consolidated Mines (DBRS-Q) netted the company a record US$2.8 billion for the first six months of 1997, an increase of 4.8% over the same peri…
Golden Knight, Cross Lake cut sulphides east of Timmins — Results lead to additional geophysical work, drilling
Two ambitious exploration programs in the greenstones east of Night Hawk Lake, about 50 km east of Timmins, Ont., appear to be paying off for Cross Lake Minerals (CRN-V), East West Resource (EWR-V) an…
Russian estimates fuel Armada Gold’s optimism — New estimate could boost production grades
A new estimate of the gold resource at its Baley gold project in far eastern Russia has enabled Armada Gold (AAU-T) to boost the projected production grade by about 20%.The new resource for the Taseev…
GREATEST VALUE TRADED, June 18-24
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Edwards mine grade tops estimates
The Edwards gold mine near Dubreuilville, Ont., will make $5.5 million in profits by the end of August, reports VenCan Gold (VCG-M).Net profits from the mine, which is operated by River Gold Mines (RI…
COMMENTARY — Changing of the guard
The author is project manager of Keep Mining in Canada, a campaign designed to increase awareness of the importance of mining in this country.Now we start again.The election is over and there are new …
Casmyn finds more ore at Turk
A recently discovered ore zone could boost profits at the Turk gold mine in Zimbabwe, reports owner Casmyn (CMYN-Q).The new area, which was identified in the western portion of the mine, is a lens of …
Little light shed on Delgratia salting scandal
Shareholders of Delgratia Mining (DELGF-Q) are finding more questions than answers in a report examining recent work at the company’s Josh property in Nevada.The audit, performed by consulting enginee…
Output of precious and base metals declines
Canadian production of refined copper, nickel and potash increased in April, compared with the same period last year. However, output of gold, silver, lead, zinc, primary copper, asbestos and salt was…