News

Eira Thomas appointed vice-president of exploration; Alan Bayless appointed vice-president of investor relations.

Metal stocks (in tonnes) held in London Metal Exchange warehouses at Feb.3/97 (change from previous week in brackets):Aluminium938,475(-18,250)Copper200,500(+34,850)Lead111,425(-2,300)Nickel47,…

At the NWT Diamonds project near Lac de Gras, the richer Sable pipe has replaced the Leslie pipe as a target of mining.A 1,096-tonne sample from the Sable pipe returned 1,070.3 carats, for a grade of …

Junior Fairstar Explorations (FFR-M) has begun exploring two of its gold properties in Ghana.At the previously unexplored Abuakwa property, the company is preparing a grid for upcoming soil and ground…

Three additional kimberlitic-textured bodies have been discovered in the Buffalo Hills area of north-central Alberta, bringing the total to five.Partners Ashton Mining of Canada (RCA-T) and Pure Gold …

Vancouver-based Asia Minerals (AMP-A) has signed a letter-of-intent agreement to explore the Aurora property on the island of Luzon in the Philippines.The 88,000-ha land package, which covers seven ex…

The issue of Jan. 27 carried an advertisement that the Argentine government is planning to carry out a multi-parameter airborne survey over a large mineral area there.What upsets me is an item in the …

Encouraging trench results have induced newly listed Seahawk Minerals (SKM-V) to drill the Blackwater Creek gold property in Guyana.The company completed 12 trenches across two structures extending ov…

Cynthia Avelino, Walter Clemens, William Daly, Harry Hopmeyer, Michael Magrum and John Milligan appointed directors.

Peter Grandich appointed vice-president of corporate strategy.

Pierre Masse appointed vice-president of finance and chief financial officer.

Gold Funds as of January 30, 1997BGRCentralTNet Value$21.80$5.89Price$17.85$5.450Discount18.14%7.5%Value$162,026,000$98,641,185…