Aussie firm cuts spectacular assay
A spectacular gold intersection in Western Australia has Great Central Mines N.L. of Melbourne smiling. The company, which trades on NASDAQ in the U.S., cut 10 ft. grading 46 oz. per ton at a depth of…
News
DIAMOND NEWS ROUNDUP — Brazil focus for Canabrava
In Brazil, an intense $2-million exploration phase initiated in June, 1994, is nearing completion for Canabrava Diamond (VSE). The project consists of 21 properties totalling 680,000 hectares, which a…
Spot prices at a glance (March 20, 1995)
Week’s Price (US) Change Gold* $386.60 + $3.50 Silver* $ 4.73 + $0.05 Platinum* $422.75 + $3.25 Nickel** $ 3.41 – $0.06 Lead** $ 0.26 $0.00 Copper $ 1.32 $0.00 Zinc $ 0.46 $0.00 Courtesy of Scotiabank…
EDITORIAL PAGE — Thumbs up for diamond mines
Anyone who has flown in Canada’s North has probably picked up a copy of Above & Beyond, the in-flight magazine published for Inuit-owned First Air. The glossy publication is unabashedly bullish on min…
Ontario minerals headed by gold
Gold was the top mineral produced in Ontario by value in 1994, repeating its performance from a year earlier. According to the mineral sector analysis branch of the Ontario Ministry of Northern Develo…
De Beers out, Monopros still active
Although multinational De Beers Consolidated Mines has dropped its option to earn a 60% interest in the Yamba Lake joint venture in the Lac de Gras region of the Northwest Territories, its wholly owne…
Franc-Or to drill Sophie-Saul
Exploration equipment has arrived at Franc-Or Resources’ (ME) Sophie-Saul gold property in central French Guiana. The property is underlain by a 50-km-long shear zone which separates the Paramaca gree…
El Callao to supply Monarch mill
To expand sources of feed for the Revemin gold mill in Venezuela, Monarch Resources (TSE) has arranged to receive 7,500 tonnes of ore per month from El Callao Mining (VSE). The ore will be delivered f…
Newmont boosts reserves
After all the calculations were done, Newmont Gold (NYSE) found it had increased its total reserves and mineralized resources by 12% for 1994. Most of this increase stems from an expansion of minerali…
PEOPLE — DIAMOND FIELDS (March 13, 1995)
Edward Mercaldo appointed executive vice-president and chief financial officer.
Spot prices at a glance (March 13, 1995)
Week’s Price (US) Change Gold* $383.10 + $6.80 Silver* $4.68 + $0.21 Platinum* $419.50 + $10.50 Nickel** $3.47 + $0.22 Lead** $0.26 + $0.01 Copper $1.32 + $0.04 Zinc $0.46 + $0.01 Courtesy of Scotiaba…
Idziszek, Placer Dome take top awards at convention
Among the highlights of the 63rd annual convention of the Prospectors and Developers Association of Canada (PDAC), held recently in Toronto, was the presenting of awards to individuals and companies f…