Diamonds proved to be a mining investor’s best friend during the week ended May 26 as a number of issues responded to the latest developments in the Lac de Gras, N.W.T., area. Since partners Dia Met M…
Montreal-based Stratmin (ME) says 75% owned Stratmin Graphite has completed the restructuring of $18 million in long-term debt owed to the Canadian Imperial Bank of Commerce. Under the restructuring, …
Quebec Crown mining exploration company Soquem is set to begin exploration on the copper properties of Corner Bay Minerals (TSE) near Chibougamau, Que., after signing two option agreements with the To…
Eat my words? Not quite, but I’ve spent a lot of time recently explaining my opinion on diamond exploration, particularly in light of the promising results of a bulk sample from the Lac de Gras diamon…
To say that diamonds are virtually worthless is a gross misrepresentation of the facts (“Diamond find won’t help mining,” T.N.M., April 20/92). Yes, synthetic industrial diamond production exceeds nat…
Management of Silver Glance Resources (VSE) is involved in early-stage negotiations with an undisclosed sponsor to raise about $20 million to continue advancing its fluorite deposit in La Paz Cty., Ar…
London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date May 26 May 25 May 22 May 21 May 20 Copper 1221-1222 N/A 1231-1232 1225-1226 1218-121…
Work commitments are in place for three British Columbia properties under option from Orvana Minerals (VSE). Placer Dome (TSE), which is earning a 70% interest in the Motherlode and Thimble Mountain p…
An option to earn a 50% interest in a gold property in the Mexican state of Zacatecas has been acquired by Menora Resources (ME). The junior, to act as operator, may earn its interest by spending US$1…
Gwen Resources (ASE) says it has discovered a kimberlite pipe on the side wall of its New Buffonta open pit in the Harker-Holloway camp east of Matheson, Ont. The pipe has been exposed to a depth of 9…
Recently Royal Oak Mines (TSE) mobilized a team of contract miners to replace striking workers at its Giant mine near Yellowknife, N.W.T. — an unusual move in the industry. As might be expected, the …
Without waiting for a detailed examination of diamonds found by Dia Met Minerals (VSE) and BHP-Utah Mines on their Lac de Gras property, analysts are already comparing the grades with gem stones mined…
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