Laramide withdraws bid for Aquiline Resources
Laramide Resources (LAM-T) has withdrawn its $5.3-million hostile takeover bid for Aquiline Resources (AQI-V), after a court turned down its petition to block Aquiline’s transactions on a Mexican prop…
News
Orogrande seeks gold in Jamaica
Calgary-based Orogrande Resources (ORG-A) is prospecting for gold and copper at its Bellas Gate concessions in Jamaica.The concessions, totalling 42 sq. miles, are 40 miles northwest of Kingston in a …
Iamgold catapulted to status of gold producer
The first gold pour at the Sadiola Hill mine in western Mali has transformed Iamgold (IMG-T) into a producer.”Prior to this event, we were a company with a mine under development. The first pour and t…
MOST ACTIVE ISSUES, Jan. 8-14
ExchgVol(000s)CloseMaymac ExpV29930.43Placer DomeT…
Wollastonite demand at record levels
The production of wollastonite has doubled over the past decade, and demand is likely to grow, according to a report released by a London-based firm of mineral market analysts.Roskill Information Serv…
THE DIAMOND PAGE — AfriOre uncovers pipes on Botswanan property
Toronto-based AfriOre (AFO-V) has uncovered three large kimberlite pipes at its 57%-owned Kokong West property in Botswana.The discovery was made while the junior was drill-testing geophysical targets…
NEWS IN BRIEF (January 13, 1997)
Highbright Minerals (HBI-V) has changed its name to Frontier Pacific Mining (FRP-V).
THE DIAMOND PAGE — Shore and Rio drill kimberlites at Fort la Corne
At the Fort la Corne property in Saskatchewan, five holes drilled to test geophysical targets have intersected kimberlite.Partners Shore Gold (SGF-A) and Rio Nevada Mines (RN-A) report that caustic-fu…
Gold price continues to tumble
Gold prices dropped to 3-year lows in early January, hitting a London spot price of US$356.60 per oz. on Jan. 8, down $12.80 from Dec. 27, 1996.The tumble comes after spot prices peaked above US$400 p…
LETTER TO THE EDITOR — Interference by Indonesian gov’t reminiscent of NEP
A paragraph in your editorial on Bre-X Resources, Barrick Gold and the Indonesian government, entitled “Hardball or spitball?’ (T.N.M., Dec. 9/96), represents an unbelievable zenith of naivete on your…
La Chicharra returning gold for Geomaque
The latest round of drilling on the Chicharra gold target in Mexico’s Sonora state has returned encouraging results for Geomaque Exploration (GEO-T).The Chicharra lies 2.5 km northwest of the company’…
THE DIAMOND PAGE — Rex confirms impressive grades
Rex Diamond (RXD-T) has confirmed that its kimberlites at Tongo Fields in Sierra Leone rank highly among world diamond deposits.The company states the diamonds have an average value of US$175 per cara…