Redaurum, Auridiam settle dispute
Having settled a legal dispute, partners Redaurum (RRK-T) and Auridiam Consolidated plan to increase production at their River Ranch diamond mine in Zimbabwe.In order to settle a dispute related to th…
News
LETTER TO THE EDITOR — Streamlining works for industry
I feel I must respond to the article “Ontario’s regulatory process a source of frustration for miners,” (T.N.M., May 12/97).The source for this excerpted material was a report entitled “The Economic a…
DIAMOND NEWS ROUNDUP — Tandem finds rubies
Further analyses by Lakefield Research has confirmed the presence of rubies in a kimberlite pipe discovered by Tandem Resources (TDM-T) in Guibord Twp.in northern Ontario.The company previously report…
Refugio mine adds fuel to Bema’s quarter
Operations at its 50%-owned Refugio gold mine in central Chile contributed to first-quarter earnings of US$198,000 for Bema Gold (BGO-T), compared with US$514,000 for the same period in 1996.Refugio p…
Drilling outlines gold zone at Asuadai
A 19-hole drill program at the Asuadai prospect in Ghana has outlined potentially economic mineralization for joint-Venture partners Golden Knight Resources (GKR-T) and Leo Shield Exploration.The 1,51…
DIAMOND NEWS ROUNDUP — Lytton reports JD/OD results
Partners Lytton Minerals (LTL-T) and New Indigo Resources (NDR-A) have reported results from a mini-bulk sample conducted on the JD/OD-3 pipe.The pipe is situated under a small lake within the jointly…
GAC returns to place of birth for golden jubilee celebration
The Geological Association of Canada (GAC) recently convened here to celebrate its golden anniversary at a special annual meeting.The meeting was held jointly with the Mineralogical Association of Can…
DIAMOND PAGE — Archangel advances sampling program
In late September, Archangel Diamond (AAD-V) expects to receive initial results from a mini bulk-sampling test of Discovery pipe 441 at the Verkhotina tenement in the Arkhangelsk region of northwester…
Manhattan’s Morris mine approaches full capacity
The Morris gold-silver mine in Mexico’s Chihuahua state is expected to reach commercial production in the second quarter, reports Manhattan Minerals (MAN-T).During the first quarter, the mine yielded …
Metal Prices — Daily Metal Prices (June 09, 1997)
BASE METALS (London Metal Exchange – Midday bid/ask prices in US$ per tonne)DateJune 3June 2May 30May 29May 2…
Serengeti pens Anglo agreement
Serengeti Diamonds (SGD-V) has signed a joint-Venture deal with South African mining giant Anglo American.The agreement will see Anglo bear all costs up to a feasibility study on Serengeti’s Tanzanian…
Rio Narcea expands mineralization in Spain
Rio Narcea Gold Mines (RNG-T) has announced promising results from drilling programs in Spain.Stepout drilling at the gold-silver-copper project known as El Valle is delineating a major extension to t…