Guyana Gold sells stake in Sabi
The battle for the Sabi gold mine appears to be over, with the government of Zimbabwe buying the 55% interest held by Guyana Gold (GUY-T) for $11 million.Under the agreement, the state-owned Zimbabwe …
News
Rio, UBC establish Colin Spence memorial fund
Rio Algom Exploration has set up a scholarship fund in honor of geologist Colin Spence, who was killed recently in the Philippines.Mr. Spence was part of a team of geologists inspecting a gold mine 20…
Conference scheduled on mining in Chihuahua state
A mining conference hosted by the government of the Mexican state of Chihuahua will be held in the city of the same name.Entitled “Chihuahua in the 21st Century,” the conference will be held Oct.2-5 a…
Teck, Mansfield prove up copper play in Argentina
Trenching has enabled partners Teck (TEK-T) and Mansfield Minerals (MDR-V) to prove up their Cerro Samenta copper porphyry property in Argentina.Initial geophysical work on the claim package identifie…
LITERATURE REVIEW SPECIAL — Rhonda, Noranda cut base metals at Epworth property in N.W.T
Partners Rhonda Mining (RDM-A) and Noranda Mining & Exploration (NOR-T) have intersected base metals while drilling on the Epworth property in the Northwest Territories.The 50-50 joint-venture partner…
GREATEST VALUE TRADED (September 09, 1996)
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DIAMOND PAGE — DO-18 disappoints
From the results of a mini-bulk drill sample, the DO-18 pipe on the WO claim block in the Lac de Gras area of the Northwest Territories appears to be uneconomic.A 6.9-tonne sample yielded an undisclos…
DIAMOND PAGE — Rex Diamonds to list on TSE
Toronto-based Rex Diamonds (REXD-C) is about to list its shares on the Toronto Stock Exchange, having increased revenue and reduced its losses in the second quarter.The diamond producer says the TSE h…
THE DIAMOND PAGE — Trans Hex to fund Indomin’s Sundra
Toronto-based Indomin Resources (IRL-V) has found a partner to finance feasibility and development work on the Sundra Shelf offshore diamond project in Southeast Kalimantan, Indonesia.Trans Hex Intern…
STOCK MARKETS — Western indices continue upward trend
The Toronto Stock Exchange lost some ground over the trading period ended Sept. 3, with the TSE 300 composite index off 21.99 points to close at 5,151.89. Trading was active in the earlier part of the…
Farallon tests Campo Morado
Diamond drilling by Farallon Resources (FAR-V) at the Campo Morado property in Mexico has intersected massive sulphides with significant values of gold and silver mineralization.The 277,335-ha propert…
THE DIAMOND PAGE — Kensington recovers Saskatchewan gems
A 30-hole drill program has yielded macrodiamonds at the Fort a la Corne diamond project in Saskatchewan.The project is a joint venture between Kensington Resources (KRT-V) and partners Uranerz Explor…