Sulliden explores near Nugget Pond
Sulliden Exploration (SUE-M) has begun the second phase of exploration at its Red Cliff Pond-Long Pond project on Newfoundland’s Baie Verte Peninsula.The project area is adjacent to the recently opene…
News
INSIDER TRADING — Sutton insiders find spring a good time to sell
Senior officers of Sutton Resources (STT-V) were active in the market in March and April of 1997, according to the Ontario Securities Commission.James Sinclair, director, exercised 130,000 options at …
Legislation aids mining ventures
Mongolia’s resource sector is expected to benefit from a series of amendments to the country’s investment laws.The legislation was enacted following an international investors conference sponsored joi…
PEOPLE — EMPEROR GOLD (July 14, 1997)
James Askew appointed president and chief executive officer.
GREATEST VALUE TRADED (July 14, 1997)
ExchgValue($000s)HighLowCloseChangeBarrick GoldT2…
DIAMOND NEWS ROUNDUP — United Reef plans to market more diamonds
In June, a newly commissioned recovery plant at the MBala project in the Central African Republic enabled United Reef (URP-T) to recover 486.48 carats of diamonds from the processing of 7,907 tonnes o…
SPOT PRICES (July 14, 1997)
Wednesday, July 9, 1997Price (US)Week’s ChangeGold*$315.75- $15.70Silver*$ 4.28…
ODDS’N’SODS — Hanging around
The last nine miles of road that lead to the Bohemia mining district in the Cascade Mountains of south-Central Oregon slither, like a drunken rattlesnake, up and over Champion Crick. (Anyone who calls…
EDITORIAL AND OPINION — Blame peace, balanced budgets and technology — Gold takes major tumble
If the predictions made by the doom-and-gloomers of the 1970s had come true, the world would have run out of natural resources by now, gold prices would be well over $1,000 per oz. and the Aden sister…
Magadan region to consolidate mines — Government assumes more active role in making deals
The government of northeastern Russia’s Magadan region is attempting to consolidate some of its gold mining industryThe government has reached a deal with Severovostokzoloto, the firm once responsible…
DIAMOND NEWS ROUNDUP — Caldera discovers macro in Australia
A macrodiamond has been recovered from a drill program at the Abminga kimberlite field in South Australia.Operator Caldera Resources (CDR-M) says the discovery was made in a small drill-Core sample th…
Canuc, Placer ink Ecuadoran deal
Toronto-based Canuc Resources (CANC-C) has entered into a joint-Venture agreement with Placer Dome (PDG-T) to explore and develop the Nambija gold deposit in southeastern Ecuador.Under the agreement, …