News

Crew renamed South Crofty

Shareholders of Crew Natural Resources (VSE) have approved a corporate name change to South Crofty Holdings, as well as a consolidation of shares on a 2-for-1 basis. The name change reflects the compa…


Noranda, Rhonda uncover northern copper deposit

Partners Noranda Minerals and Rhonda Mining (ASE) have discovered a new sediment-hosted copper deposit on the Epworth property, 120 km south of Coppermine, N.W.T. Exploration over the past three years…


Caldera government imposes strict economic measures

Venezuelan Financial Affairs Secretary Luis Raul Matos has defended the strict economic measures taken recently to overcome the country’s financial crisis, saying the government was taking a “pragmati…


DIAMOND SPECIAL — Russian diamond output in decline

Major world diamond producer Russia produces about 95% of its diamond output from five mines. The country’s output has been falling for the past three years; analyst David Williamson Associates of Lon…


Barytex’s Mel returns zinc-lead values

All six holes of a deep drilling program on the Mel zinc-lead-barite deposit in southeastern Yukon have intersected mineralization. International Barytex (VSE) is working to expand the Main zone resou…


EDITORIAL PAGE — Diamond hunt goes national

The feverish quest to find a diamond mine in Canada has spread from the Northwest Territories to cover much of the country, including northern Ontario. The diamond rush began in the Territories, north…






De Beers increasing its Canadian presence

The discovery of potentially economic kimberlite pipes in Canada’s North is being taken seriously by the world’s largest diamond organization, De Beers Consolidated Mines, and its marketing arm, the C…


American Gem producing sapphires in Montana

From 1906 to 1943, this state was the world’s largest supplier of commercial-grade sapphires. Now, some 50 years later, with the commissioning of its first sapphire processing plant, American Gem (TSE…


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