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EXPLORATION ROUNDUP — Model Office report in hand

Ontario’s resident geologists program should remain intact, but recording of claims should be centralized in Sudbury, according to a report released by the province’s Ministry of Northern Development …


Placer bids to acquire PNG company

A takeover bid has been launched by Placer Dome (PDG-T) for Highlands Gold, a Papua New Guinea-based company that owns 25% of the Porgera gold mine, and for the remaining 24.6% interest of subsidiary …


FACTS’N’FIGURES — Gold demand stays high

Aggregate gold demands in the markets monitored by the Geneva-based World Gold Council reached 655 tons in the third quarter of 1996, just 2% below the record high of 668 tonnes for the corresponding …



THE DIAMOND PAGE — Archangel expands Russian pipe

Junior Archangel Diamond (AAD-V) continues to size up pipe 441 at its 40%-held Verkhotina diamond project in northwestern Russia.The latest results from hole 46 include the recovery of a gem-quality, …


Goldcorp makes new bid for Wharf Resources

Toronto-based Goldcorp’s (G.A-T) bid for subsidiary Wharf Resources (WFR-T) has received a lukewarm vote of confidence from Wharf’s independent directors following a valuation of the company.Wharf’s d…


Drills turn at Riyadh property

The second phase of a 50,000-ft. drill program is under way at the Riyadh gold property in Ghana, West Africa.Operator Intenational Tournigan (ITG-V) says new roads and 15 drill pads have been constru…



Breakwater Resources aims to join zinc big-leagues

Having closed the acquisition of the Nanisivik mine in the Arctic, and with the Caribou and Restigouche mines slated for production, Breakwater Resources (BWR-T) expects to be the third-largest zinc p…


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