GREATEST VALUE TRADED (August 26, 1996)
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News
THE DIAMOND PAGE — Sampling proceeds on Aber’s A-418 pipe
A decline driven into the A-418 pipe at the Diavik diamond project in the Lac de Gras area of the Northwest Territories has encountered kimberlite much sooner than anticipated.The 529-metre-long decli…
Nugget Pond financing arranged
To complete financing of the Nugget Pond gold mine, Richmont Mines (RIC-T) has arranged a $12-million loan and a $2-million line of credit with the National Bank of Canada.The financing will provide s…
Rainbow drilling at Copper Prince
Although drill results from the Copper Prince property of Rainbow Petroleum (RBP-A) are less than satisfactory, the company believes things will improve at depth.Rainbow is drill-testing a major shear…
Vasilkovskoye waits alone at altar
A consortium led by Teck (TEK-T) was unable to reach an agreement with the government of Kazakhstan on development of that country’s Vasilkovskoye gold deposit.Teck and its partners, First Dynasty Min…
Drilling under way near Detour Lake
Gowest Amalgamated Resources (GWA-A) has begun drilling on its property near the Detour Lake mine in northeastern Ontario. Early results from the program, which is being supervised by Placer Dome (PDG…
PEOPLE — MINEFINDERS (August 19, 1996)
H. King appointed director.
PEOPLE — LUZON MINERALS
Susan Tessman appointed director.
PEOPLE — LUMINA INVESTMENT
Allen Achilles appointed president.
PEOPLE — LUMBY RES.
James Armstrong appointed director.
PEOPLE — LMX RES.
Donald Farrell appointed director.
PEOPLE — LABRADOR INT’L MINING
Lawrence Chace appointed officer.