News

DiamondWorks (DMW-V) has begun mining alluvial diamonds at its Luo project in Angola, following the commissioning of a 120-tonne-per-hour floating dredge.The dredge, airlifted in from South Africa, be…

The Rooiberg alluvial diamond project of Redaurum (RRK-T) is on its way to minehood.The company has applied to the South African government for a licence to develop its 4,300-ha Rooiberg property, whe…

Consolidated Valley Ventures (CVL-V) has changed its name to CVL Resources (CVL-V).

Metal stocks (in tonnes) held in London Metal Exchange warehouses at Mar.17/97 (change from previous week in brackets):Aluminium891,825(+14,150)Copper197,450(-8,075)Lead108,225(-850)Nickel46,54…

Gold Funds as of March 13, 1997BGRCentralNet Value$23.34$6.15Price$17.90$…

1997Mar 18Mar 17Mar 14Mar 13Mar 12HighLowComposit…

A feasibility study calls for production of tin and indium-copper zinc concentrates at the Mt. Pleasant project in southwestern New Brunswick.Consulting firm Kvaerner Davy conducted the study, which r…

Drill results from the Norteno concession in western Bolivia indicate pyrite mineralization is the cause of a large induced-polarization anomaly.Athlone Resources (AT-V) tested the broad chargeability…

Toronto-based Kinross Gold (K-T) has completed its acquisition of the Goldbanks gold-silver project, 56 miles south of Winnemucca, Nev.In June 1995, the company bought a half interest in the property …

Boucherville, Que.-based Altavista Mines (AIA-M) has raised $850,000 from private investors.The financing consists of the issuance of 772,727 units priced at $1.10 each. A unit consists of one share a…

Westmin Resources (WMI-T) has closed a US$120-million offering of senior secure notes, which it will use to repay a loan and develop the Lomas Bayas project in Chile.The notes, which were priced at pa…

Teck (TEK-T) and its Australian partner, Camelot Resources, have acquired 92% of the outstanding shares of producer Mount Edon Gold Mines. The takeover is valued at A$170 million.Teck acquired a 14.5%…