DIAMOND PAGE — Golconda unlucky in Idaho
No diamonds were recovered in a 15-ton mini-bulk drill sample of lamproitic tuff from Golconda Resources’ (GA-A) Thorn Creek diamond project in Idaho.Previous sampling had determined the presence of i…
News
DIAMOND PAGE — Drilling resumes at Camsell Lake
Partners Winspear Resources (WSP-V) and Aber Resources (ABZ-T) have resumed drilling in the Snap Lake area of the Camsell Lake project in the Northwest Territories.A program of up to 2,200 metres is t…
SPOT PRICES (August 25, 1997)
Wednesday, August 20, 1997Price (US)Week’s ChangeGold*$322.00- $6.60Silver*$ 4.51…
TSE SHORT POSITIONS (August 25, 1997)
Short positions outstanding at July 31, 1997Larger individual positions included: Barrick Gold 11,804,898, up 866,048; Bema Gold 4,407,286; Bonus Resource 22,190, down 791,810; Breakwater Resources 22…
LITERATURE REVIEW — NEWS ROUNDUP — Magnetic anomaly attracts Major General
Major General Resources (MGJ-V) is set to begin drilling on the Olympic copper property, situated north of Dawson City, Y.T.The program will test a series of chargeability zones hosted in an iron-rich…
BOOK REVIEW — Book examines ABCs of gold exploration — Author sets out practical, sensible guidelines
.BREVIEWED BY STUART McDOUGALLThe Gold Explorer’s Handbook, By James Regan, 25Available from Rosendale Press, London, EnglandThe Gold Explorer’s Handbook is a straightforward and down-to-earth introdu…
Ontario miners shoulder cost, responsibility of safety — Amendments to pose few problems
The government of Ontario has drafted a series of amendments to the Occupational Health and Safety Act aimed at shifting the cost and responsibility of mine safety to producers.The 55 amendments inclu…
Cominco ponders restarting mine
A buoyant zinc market has induced Cominco (CLT-T) to consider reopening the Sa Dena Hes zinc-lead mine, 45 km north of Watson Lake in southeastern Yukon.The mine was closed in December 1992 as a resul…
PEOPLE — PLACER DOME (August 25, 1997)
Dee Parkinson-Marcoux appointed director.
Inmet posts profit in second quarter
Thanks to higher copper and zinc prices, as well as drops in both cash costs and exploration expenditures, Inmet Mining (IMN-T) was able to post a profit for the second quarter.For the three months en…
Treminco hard at work in Territories
Buoyed by recent drill results, Treminco Resources (TMO-T) is planning a further 1,000-metre drill program at its Sito property, 40 km north of Yellowknife, N.W.T.Drilling this summer tested a structu…
Zinc price, higher output add strength to Cambior — Work stoppage at Omai gold mine in Guyana ends after three days
Increased capacity at the Omai gold mine in Guyana and improved prices for zinc in the first half of 1997 combined to increase net earnings at Cambior (CJB-T) to US$3.3 million, compared with US$2.1 m…