FACTS’N’FIGURES — Gold demand stays high
Aggregate gold demands in the markets monitored by the Geneva-based World Gold Council reached 655 tons in the third quarter of 1996, just 2% below the record high of 668 tonnes for the corresponding …
News
THE DIAMOND PAGE — Macros recovered from Fort la Corne
The Fort la Corne diamond joint venture in Saskatchewan has unearthed an impressive number of macrodiamonds.A 28.4-tonne kimberlite sample, recovered from 11 small-diameter and two medium-diameter rev…
Barrick drills Jordex property in Bolivia
Two gold properties held by Jordex Resources (JDX-T) in the San Javier area of Bolivia are being drill-tested by joint-venture partner Barrick Gold (ABX-T).Reverse-circulation drilling will test the J…
EXPLORATION ROUNDUP — Donlin Creek adds heat to gold play in Alaska
While Placer Dome (PDG-T) continues to downplay it as a mid-stage exploration target, the Donlin Creek gold project continues to generate interest.Situated in southwestern Alaska, the deposit was last…
EXPLORATION ROUNDUP — Fairbanks region entices juniors
The Chatinika Terrane, just north of Fairbanks, Alaska, is not noted for its gold potential, but exploration by La Teko Resources (LAORF-Q) and Newmont Gold (NGC-N) at the True North gold project is a…
Rift Res. explores in Horn of Africa
The first phase of drilling on several projects in the Horn of Africa has yielded encouraging gold values for Rift Resources (RIF-T).Geochemical sampling and prospecting at the Ketina property in sout…
Juniors evaluate Lynn Lake ground
Partners Thunderwood Resources (THS-T) and Consolidated Abitibi Resources (CAQ-M) have begun testing the Sherlynn copper-zinc-silver-gold project near Lynn Lake, Man.The program is part of a long-term…
EXPLORATION ROUNDUP — Meadowbank resource tops 1 million oz.
Based on assay results from 118 shallow diamond-drill holes, partners Cumberland Resources (CDB-T) and Comaplex Minerals (CMF-T) estimate their Meadowbank project hosts a resource exceeding 1 million …
Prospects brighten for Black Hawk
The switch to processing material from the Farley Lake pit has boosted head grades at the Keystone gold mine, near Lynn Lake, Man., and owner Black Hawk Mining (BHK-T) expects head grades to improve f…
Oro Nevada drills Dean Ranch
Drilling by Oro Nevada Resources (ONV-A) is exploring the Dean Ranch property in central Nevada.The program, which consists of 20,000 ft. of reverse-circulation work to a depth of 1,000 ft., is aimed …
Princess advances projects in Tanzania and China
With a drill program under way in Tanzania, Princess Resources (PRL-V) is awaiting government approval for several new projects in China.The company recently signed two letters-of-intent in China’s Hu…
Placer bids to acquire PNG company
A takeover bid has been launched by Placer Dome (PDG-T) for Highlands Gold, a Papua New Guinea-based company that owns 25% of the Porgera gold mine, and for the remaining 24.6% interest of subsidiary …