Electra recovers gold at Rambler
Electra Mining (ELC-V) has begun production at its Rambler tailings project near Baie Verte, Nfld.Electra is processing tailings, containing 1.7 million tons grading 0.04 oz. gold per ton, at a newly …
News
GOLD FUNDS (July 01, 1996)
Gold Funds as of June 20, 1996BGRCentralNet Value$24.63$6.51Price$18.70$6…
Sigma struggles for profitability
The workforce at the Sigma gold mine in Val d’Or, Que., will be reduced by about 100 employees in early July.Operator Placer Dome (PDG-T), which currently has 325 employees on site, says the reduction…
Fairfield in hands of Almaden management
Management of Fairfield Minerals (FFD-T) is now in the hands of Almaden Resources (AMH-V).Fairfield has been searching for a group to take over management of the company ever since John Stollery resig…
Diamond Fields seeks dismissal of suit
Facing a lawsuit by shareholders of Exdiam, Diamond Fields Resources (DFR-T) has asked a Texas court for early discovery hearings to consider a motion to dismiss the action.The lawsuit, brought by two…
Bre-X upgrades resource at Busang
With five diamond drill rigs at work, Bre-X Minerals (BXM-T) is pushing hard to outline 50 million oz. gold, in the measured and indicated resource categories, by year-end at its Busang gold project i…
Canada’s base and precious metal production on the rise
Although Canadian production of some non-metallics was off in April 1996 over the same period last year, production of precious and base metals had risen.The statistics shown below were complied by th…
MacMillan financing will be used to boost stake in Mishi project
Proceeds from a $850,000 private placement will enable MacMillan Gold (MMG-T) to increase its ownership in the Mishi gold property in northern Ontario.The 566-claim property includes the Main zone, wh…
Imperial tests gold zone in Niger
Drilling on the M’Banga gold concession in Niger, West Africa, has returned gold values for Imperial Metals (IPM).The company completed 15 holes for a total of 1,500 metres, outlining a gold zone over…
PEOPLE — SRR MERCHANTILE
Michael Maidment appointed senior field geologist.
Wyoming location of nickel, diamond rush (July 01, 1996)
Wyoming is experiencing a nickel and diamond rush, according to that state’s geological survey.The current interest in nickel results from the discovery of the huge deposit at Voisey’s Bay, Labrador, …
EDITORIAL PAGE — What a tangled web
Sophistry — the art of subtly deceptive reasoning or argumentation practised in ancient Greece — is alive and well, and being developed in new directions by environmentalists opposed to diamond mini…