Teck and WCH uncover massive sulphides
Partners Teck (TEK-T) and Western Copper Holdings (WTC-T) have discovered a deep volcanogenic massive sulphide zone at the Mexican project known as El Salvador, in Zacatecas state.A single hole, drill…
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THE DIAMOND PAGE — Redaurum pulls the plug on River Ranch mine
Toronto-based Redaurum (RRK-T) will cease funding the unprofitable River Ranch diamond mine in Zimbabwe.Redaurum subsidiary Cornerstone Investments owns half the project in a joint venture with Auridi…
Gold Funds (November 04, 1996)
Gold Funds as of October 17, 1996BGRCentralNet Value$23.08$6.30Price$18.70…
Similco expands under Princeton
Additional mineralization found by Princeton Mining (PMC-T) at the Similco copper mine in British Columbia will be included in a new mine plan.The best results from an ongoing first phase of drilling …
Newmont, Barrick reach dewatering deal
A dispute over water disposal on Nevada’s Carlin trend has been settled by Newmont Gold (NGC-N) and Barrick Gold (ABX-T).The legal action stemmed from an injunction issued in April barring Barrick fro…
Santa Fe plans higher output from Nevada mines
Albuquerque-based Santa Fe Pacific Gold (GLD-N) posted a profit in the third quarter and expects to do so again in the fourth.The third-quarter profit amounts to US$3.5 million (or 3 cents per share) …
Scoping study examines Don Mario’s potential
Based on the results of a scoping study, Orvana Minerals (ORV-T) projects that its wholly owned Don Mario gold-copper project in eastern Bolivia could be in production as early as 1998, with an initia…
THE DIAMOND PAGE — Aber to raise funds for Diavik project
A syndicate led by First Marathon Securities and Canaccord Capital has agreed to raise just over $32.5 million for Aber Resources (ABZ-T) through a private placement.The financing will include 1 milli…
THE DIAMOND PAGE — Winspear and Antler shareholders to cast votes on proposed merger
Shareholders of Winspear Resources (WSP-V) and Antler Resources (AEE-V) will meet in separate meetings on Dec. 2 to decide on the proposed merger of their companies.The new company would retain the na…
STOCK MARKETS — Juniors fuel trading on western markets
The Vancouver Stock Exchange composite index remained flat over the report period ended Oct. 29, closing at 1,112.81, up 2.84 points, while the resource index rose 108.72 points to finish at 2,254.72….
Robex Res. makes gold discovery in Mali
Preliminary work by Robex Resources (RBX-M) at the Diangounte property in Mali has revealed pannable gold in soils and lateritized rock.The property, situated 20 km from the Sadiola gold deposit of Ia…
Tailings spill spells loss for Placer Dome
A tailings spill last March at the Marcopper mine in the Philippines resulted in an US$8-million consolidated loss (or US3 cents per share) for Placer Dome (PDG-T) in the first nine months of fiscal 1…