Pathfinder plans work Down Under
Junior Pathfinder Resources (VSE) can acquire the Tungaberry copper project in Australia from Quadrant Resources.Situated in north-central Queensland, the property comprises 2,000 sq. km.Geophysical w…
News
THE DIAMOND PAGE — Kimberlite discovered at Afridi Lake property
Drilling at the Afridi Lake property in the Northwest Territories is reported to have intersected a land-based kimberlite pipe.Cypango Ventures (VSE) can earn a 51% interest from 70% owner Intertech M…
Eastmain and Barrick form JV at Lac Elmer
CDN-listed Eastmain Resources has formed a 50-50 joint venture with Barrick Gold (TSE) to develop the Lac Elmer gold project in northwestern Quebec.Over a 4-year period, Barrick will cover the first $…
Australian sampling method attracts industry support
From the outback of Western Australia comes a new sampling technique that allows exploration companies to pinpoint mineral deposits more accurately.The Mobile Metal Ion (MMI) process involves the test…
Romarco intensifies Nevada work
Toronto-based Romarco Minerals (CDN) will explore six of its properties in Nevada.The company and its various partners plan to spend more than US$4.2 million this summer, and drills are already turnin…
Academics and industry reps to discuss latest developments in mineral separation
The department of mining and metallurgical engineering at McGill University will host a short course on mineral separation systems from May 13 to 16.The course will be divided into several areas, incl…
WSGS to release Big Trails report
The Wyoming State Geological Society (WSGS) has completed a report describing the northern portion of the Big Trails fault system.The system is described as a right-lateral oblique slip fault.Included…
Namco finds more diamonds in Namibia
Bulk sampling off the coast of Namibia is expected to lead to commercial production by early 1997 for Namco (VSE).The average value of diamonds recovered from the Luderitz Bay Grant is US$206 per cara…
OLS picnic aims to attract geodetic professionals
The geodetic committee of the Association of Ontario Land Surveyors has scheduled its second annual picnic for Sept. 28.The event, to be held at the University of Toronto’s Erindale College in Mississ…
GOLD FUNDS (April 15, 1996)
Gold Funds as of April 4, 1996 BGR CentralNet Value $23.88 $6.78Price $18.25 $7.000Discount 23.58% 3.2%Value $183,203,000 $126,695,100…
Minnesota to sell mining leases
The Minnesota Department of Natural Resources has tentatively scheduled the state’s 21st sale of exploration and mining leases for metallic minerals for July or August.The areas under consideration fo…
Alta Gold announces lower year-end reserves
The gold reserves of NASDAQ-listed Alta Gold dropped to 778,000 oz. in 1995 from nearly 1 million oz. the year before. Nevertheless, President Robert Pratt says “the [current] reserves establish a fou…