Moneta intersects new zone at Nighthawk
A second phase of drilling by Moneta Porcupine Mines (ME-T) has intersected a new gold zone on the Nighthawk Lake project, near Timmins, Ont.The gold mineralization occurs in quartz veins within alter…
News
Russia’s Kamchatka state opens ground for copper, gold exploration
The government of the Russian state of Kamchatka has begun accepting tenders for mineral exploration and development rights for two regions believed to be prospective for copper, gold and silver.The t…
FACTS ‘N’ FIGURES — Canadian coal still strong
In 1996, the Canadian coal industry enjoyed record production and exports.Nearly half of the country’s output was exported.Production hit a record 75.8 million tonnes, up 1% from production in 1995.Of…
OBITUARY — Andrew Nick’ Carter
Andrew Carter, a veteran of numerous Canadian mining projects, has died. He was 88.Carter graduated from the University of Toronto in 1934 with a degree in mining engineering. He then joined the Littl…
Relationship of miners, natives examined — Whitehorse conference to address negotiations, existing deals
A conference examining the relationship between mining companies and aboriginal groups will be held Nov. 20-21 at the Westmark Hotel in Whitehorse, Y.T.The conference, entitled “Making the Grade: The …
EDITORIAL — Diamonds are everyone’s friend — From one to sixty, in six
Six or seven years ago, there was no Canadian diamond sector. Today, brokers and analysts are following the activities of numerous companies exploring for and developing diamond deposits across the la…
DIAMOND BRIEFS — Greenland project targets magnetic anomalies
A joint venture consisting of Canadian Mountain Minerals (CYM-A), Dia Met Minerals (DMM-T) and Australian-based Quadrant Resources has detected more than 100 circular magnetic anomalies on diamond cla…
DIAMOND BRIEFS — Fjordland finances work in southern Greenland
Fjordland Minerals (FML-V) has raised $500,000 in a private placement of special warrant securities. Most of the proceeds will be used to finance diamond exploration in Greenland.Each special warrant …
SPOT PRICES (October 13, 1997)
Wednesday, October 8, 1997Price (US)Week’s ChangeGold*$331.90- $4.90Silver*$ 5.25…
GREATEST VALUE TRADED, Oct. 1-7
ExchgVal(000’s)HighLowCloseChangePlacer DomeT1597…
Goldbelt outlines Kazakstani targets
Goldbelt Resources (GDB-V) has delineated four new drill targets on its exploration licences in northeastern Kazakstan.The discoveries, outlined below, resulted from a 47.2-line-km geophysical program…
Great Central takes control of Eagle
Great Central Mines (GTCMY-Q) continues to shore up its land hondings in the Yandal mineral belt of Western Australia.The New York City-based company has acquired control of a Western Australia gold p…