PEOPLE — ARCHANGEL DIAMOND (January 20, 1997)
Douglas Cook appointed director.
News
THE DIAMOND PAGE — AfriOre uncovers pipes on Botswanan property
Toronto-based AfriOre (AFO-V) has uncovered three large kimberlite pipes at its 57%-owned Kokong West property in Botswana.The discovery was made while the junior was drill-testing geophysical targets…
GREATEST VALUE TRADED, 1996
ExchgValue($000s)HighLowCloseChangeBarrick GoldT1…
Armed conflict ends at Vista’s Bolivian mines
A group of armed miners has returned the Amayapampa and Capa Circa gold mines in Bolivia to owner Vista Gold (VGZ-T).The Bolivian government recently signed an agreement with the miners, ending a conf…
Queenston pulls gold at McBean
Two more drill holes at the McBean property east of Kirkland Lake, Ont., have intersected gold mineralization below the property’s old open pit.The drill program, being operated by Queenston Mining (Q…
NEWS IN BRIEF (January 13, 1997)
Highbright Minerals (HBI-V) has changed its name to Frontier Pacific Mining (FRP-V).
THE DIAMOND PAGE — Shore and Rio drill kimberlites at Fort la Corne
At the Fort la Corne property in Saskatchewan, five holes drilled to test geophysical targets have intersected kimberlite.Partners Shore Gold (SGF-A) and Rio Nevada Mines (RN-A) report that caustic-fu…
Northern Crown steps up work in Guadalupe
Over the course of 1997, Northern Crown Mines (NCW-V) will spend $7 million proving up its Guadalupe de los Reyes gold-silver project in Mexico’s Sinaloa state.Comprising 59 sq. km, the land package i…
Gold price continues to tumble
Gold prices dropped to 3-year lows in early January, hitting a London spot price of US$356.60 per oz. on Jan. 8, down $12.80 from Dec. 27, 1996.The tumble comes after spot prices peaked above US$400 p…
LETTER TO THE EDITOR — Interference by Indonesian gov’t reminiscent of NEP
A paragraph in your editorial on Bre-X Resources, Barrick Gold and the Indonesian government, entitled “Hardball or spitball?’ (T.N.M., Dec. 9/96), represents an unbelievable zenith of naivete on your…
La Chicharra returning gold for Geomaque
The latest round of drilling on the Chicharra gold target in Mexico’s Sonora state has returned encouraging results for Geomaque Exploration (GEO-T).The Chicharra lies 2.5 km northwest of the company’…
THE DIAMOND PAGE — Rex confirms impressive grades
Rex Diamond (RXD-T) has confirmed that its kimberlites at Tongo Fields in Sierra Leone rank highly among world diamond deposits.The company states the diamonds have an average value of US$175 per cara…