PEOPLE — LEH VENTURES (July 28, 1997)
Gerard Dennehy appointed director.
News
GEOLOGY 101 — Quartz-Carbonate vein gold deposits, Part 1
Quartz-Carbonate vein gold deposits (also known as mesothermal lode deposits) form along, and are localized to, major regional fault and fracture systems, but are actually located in secondary or tert…
Coup frustrates Nord Resources
Despite political unrest in Sierra Leone, international development banks have granted Nord Resources (NRD-N) a reprieve on debt forbearance for the Sierra Rutile operation.The unrest forced the opera…
Russian gold, gems focus of conference
The gold and diamond industry of Russia and the Central Asian republics will be the focus of a conference scheduled for Nov. 20-21 in London, England.Hosted by the London-based Adam Smith Institute, t…
Smelter slated for Mozambique
Montreal-based SNC Lavalin and South Africa-based Engineering Management Services will join forces to build a US$1-billion aluminum smelter in Maputo, the capital of Mozambique.Construction of the sme…
Northwest Mining Association conference set for winter
The Northwest Mining Association (NWMA) will hold its annual meeting Dec.1-5 at the Doubletree Hotel in Spokane, Wash.Entitled “Success and Innovation in Mining and Exploration,” the conference will e…
Sinclair not a Sutton insider
A recent “Insider Trading” column (“Sutton insiders find spring a good time to sell,” T.N.M., July 14/97) had a catchy headline, but was factually incorrect.The article stated that James Sinclair was …
DIAMOND PAGE — Canarc cuts gold values in B.C.
Junior Canarc Resource (CCM-T) has intersected gold during an underground drill program at its New Polaris property in northwestern British Columbia.Canarc’s best hole, 44, returned 112.2 ft. (from 81…
DIAMOND PAGE — Diadem launches audit investigation
Management of Diadem Resources (DIR-M) is refusing to make cash-Call payments to Bresea Resources for work performed by Bre-X Minerals at the Belitung Island base metal projects in Indonesia.After an …
DIAMOND PAGE — Bigger is better for Redaurum
Toronto-based Redaurum (RRK-T) has discovered two more large diamonds at the Kelsey Lake mine in northern Colorado.The two gem-quality stones were found in mid-July from the KL2 kimberlite pipe. One i…
MOST ACTIVE ISSUES, July 16-22
ExchgVol(000s)CloseCrystallexT96426.25Placer DomeT…
TSE SHORT POSITIONS (July 28, 1997)
Short positions outstanding at July 15, 1997Larger individual positions included: Barrick Gold 10,938,501, up 810,045; Bema Gold 4,426,645, down 369,241; Campbell Resources 3,470,249, up 883,549; Echo…