New Horizons — Diamonds in California
Although California has been one of the most productive regions in North America for diamonds, the region does not fit any classical exploration model for diamondiferous kimberlite or lamproite.The st…
News
Avalon steps up exploration efforts
With ground next to one company’s past failure and another’s recent bonanza, newly revived junior Avalon Ventures (TSE) is preparing for a busy exploration season in 1995.Avalon recently entered into …
Heap-leach test is planned for Cumaral property
CDN-listed Aronos Multinational plans to perform a heap-leach test on placer material from its Cumaral gold-silver project in northern Mexico.Situated 85 km from Hermosillo, the deposit contains fine …
Kinbauri Gold expands ground in Burkina Faso
Junior explorer Kinbauri Gold (CDN) is expanding its presence in the West African nation of Burkina Faso.An agreement with two Montreal-listed companies, Loubel Explorations and Melkior Resources, cal…
Nebex steps up efforts in Albania
Seven copper-zinc-gold targets have been identified on one of two Albanian mining concessions recently obtained by Nebex Resources (ASE).President Brian Douglas says two immediate drill targets have b…
St. Andrew announces restructuring
Creditors and shareholders of St. Andrew Goldfields (TSE) have approved a restructuring which enables the company to issue shares as payment of unsecured liabilities.The company is now seeking final a…
Hecla buys kaolin mine in S. Carolina
Silver-producer Hecla Mining (NYSE) has bought a kaolin mine and processing facility from J.M. Huber, a private company.Situated in Langley, S.C., 15 miles from the company’s Aiken operation, the faci…
Gold Funds (June 19, 1995)
Gold Funds as of June 13BGRCentralNet Value$17.54$6.74Price$14.13$7.00Discount19.49%Premium3.9%Value$137,163,000$126,695,100…
NEWS IN BRIEF (June 19, 1995)
Manor Resources (MNO: ASE) has changed its name to American Manor (ANO:ASE) on a 1-new-for-10-old-share basis.
Metal Prices — FREE MARKET (June 19, 1995)
London Metal ExchangeSpot closing prices in $US per tonneDateJune 13 June 12June 9June 8June 7Copper2904-2905 2920-29222914-29162888-28892867-2870Lead617-618 615-615.5 611-612 601-602 …
Diamond News Roundup — KWG, Spider find more kimberlites in northern Ontario
The number of diamondiferous kimberlites known to exist on the James Bay Lowlands property of KWG Resources (ME) and Spider Resources (ASE) is now five.Two kimberlites, referred to as Kyle No. 2 and N…
Viceroy stacks up profits
The Castle Mountain open-pit, heap-leach mine in California’s San Bernardino Cty. continues to pump out profits for 75% owner Viceroy Resources (TSE).The company earned $11.6 million, or 50 cents per …