PEOPLE — ALPINE EXPL. (October 07, 1996)
Donald Nicholson appointed director.
News
LME Warehouse Levels (October 07, 1996)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at Sept.30/96 (change from previous week in brackets):Copper239,500(-17,125)Tin10,285(+310)Lead117,975(+425)Zinc549,850(+800)A…
LETTER TO THE EDITOR — Geologist cites value of past work
I want to correct a quote attributed to myself in the article “Goldcorp’s fortune tied to Red Lake mine” (T.N.M., Sept. 23/96).I did not say, “It’s not that earlier geologists were stupid or went to t…
Newmont Gold sells Grassy back to Atlas
Atlas (AZ-N) is buying back the Grassy Mountain gold deposit in southeastern Oregon.Atlas has paid US$206,000 and issued a promissory note for US$500,000 to the current vendor, Newmont Gold (NGC-N). A…
THE DIAMOND PAGE — Mountain Prov. aims to raise $15m
Diamond explorer Mountain Province Mining (MPV-V) expects to raise up to $15 million through a private placement of just over 3 million special warrants priced at $4.90 each.A special warrant will be …
THE DIAMOND PAGE — BHP enters talks with De Beers over Lac de Gras mine
BHP Minerals says it has had discussions at senior levels with De Beers Consolidated Mines about marketing gemstone production from its diamond project near Lac de Gras in the Northwest Territiories.T…
THE DIAMOND PAGE — Guardian successful in Wyoming
Using grease tables to process screened alluvial gravels from its claims in southwestern Wyoming, Guardian Enterprises (GUD-V) has recovered 40 diamonds with a total parcel weight of 2.3 carats.The st…
THE DIAMOND PAGE — Australian junior searches for gems
At the Blina alluvial diamond project in Western Australia, Kimberley Diamond (KDC-V) has recovered 14 diamonds weighing a total of 6.3 carats.The diamonds were taken from 9 tonnes of heavy concentrat…
Chesbar set to drill at Anacoco gold concession
A $2-million exploration program is set to begin on the gold properties held by Chesbar Resources (CBI-M) in Venezuela’s Bolivar state.Once permits are in place, the junior plans to follow up previous…
Drilling reinvigorates Kirkland Lake gold camp
Buoyed by results from the first two holes, Queenston Mining (QMI-T) and Franco-Nevada Mining (FN-T) have added a second drill to their Kirkland Lake gold project in northern Ontario.The 50-50 partner…
Gold Funds (October 07, 1996)
Gold Funds as of September 26, 1996BGRCentralNet Value$24.49$6.33Price$18.70…
THE DIAMOND PAGE — SouthernEra joins alluvial miners in Angola
Toronto-based SouthernEra Resources (SUF-T) will begin mining diamonds in Angola following an agreement to participate in several alluvial operations in the African country.Under an arrangement with S…