DIAMOND PAGE — Cypango walks from Afridi Lake
Diamond explorer Cypango Ventures (CAV-V) has dropped its option to earn a 51% interest in the Afridi Lake property in the Northwest Territories.During a drilling program last spring, Cypango intersec…
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ODDS ‘N’ SODS — Eldorado the beautiful, Part 1
Franz Johnston, one of Canada’s Group of Seven painters, had a love of the Canadian north and spent the winter of 1938-39 painting at a remote mining camp above the Arctic Circle.In late 1938, mining …
DIAMOND PAGE — SouthernEra tests lake targets in N.W.T.
Northeast of Camsell Lake, at the Mackay-Back Lakes diamond project in the Northwest Territories, SouthernEra Resources (SUF-T) is drill-Testing high-priority geophysical targets.Six key kimberlite-in…
DIAMOND PAGE — Rovic may be resuscitated
Botswana Diamondfields (BWO-V) is considering resuming production at its idle Rovic diamond mine in Botswana following an accident last year, which killed 20 workers.The company says mining of the rem…
GREATEST VALUE TRADED (May 12, 1997)
ExchgValue($000s)HighLowCloseChangeBarrick GoldT2…
COMMENTARY — Ontario’s regulatory process a source of frustration for miners
One of the key determinants of the cost of undertaking mineral exploration and extraction activities is the regulatory process to which these activities must be subjected for approval.In recent years,…
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ExchgVol(000s)CloseBre-X MnrlsT844670.10Pure Gld ResT…
GOLD FUNDS (May 12, 1997)
Gold Funds as of May 1, 1997BGRCentralNet Value$20.87$5.83Price$15.50$5.7…
Spot Prices (May 12, 1997)
Wednesday, May 7, 1997Price (US)Week’s ChangeGold*$340.65+ $0.20Silver*$ 4.72…
Cameco gets nod for McArthur River
The Saskatchewan government has given its consent to Saskatoon-based Cameco (CCO-T) to develop the McArthur River uranium project.Situated 620 km north of Saskatoon, the project has a resource of 416 …
TSE INDICES (May 12, 1997)
1997May 6May 5May 2May 1Apr 30HighLowComposite”30…
Lone Star shelves plans for Awak Mas gold mine
Low gold prices and preliminary results of a feasibility study have forced Lone Star Explorations (LSE-V) to put off construction of its Awak Mas gold project in Indonesia.The Australian company says …