Murgor drills gold find
Montreal-based Murgor Resources (MUG-M) has entered the first phase of drilling at its Dorset gold property, near Mishubishu Lake in northwestern Ontario.The program is expected to total 1,500 metres,…
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GEOLOGY 101 — Carlin-type gold deposits, Part 1
Sediment-hosted disseminated gold deposits consist of fine-grained gold in silty carbonaceous sedimentary rocks. These deposits occur in the Great Basin of the southwestern U.S.Regions in which this s…
Yakutia’s biggest gold company gets axe
The government of Yakutia is chopping up Sakhazoloto, the financial and industrial company that holds the licence to all gold fields in the Russian republic.Sakhazoloto is an amalgamation of Yakutia’s…
GREATEST VALUE TRADED, Jan, 28-Feb. 3
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DIAMOND PAGE — Study gives Liqhobong project thumps-up
With a positive prefeasibility study in hand, Messina Diamond (MSC.U-T) plans to continue with sampling programs in order to complete a bankable feasibility study for its Liqhobong diamond project in …
Gold production soars in former USSR
Many regions of the former Soviet Union boosted their gold production in 1997.In Kyrgyzstan, 17 tons of the yellow metal were produced, compared with just 1.5 tons in 1996. The jump was sufficient to …
TSE Short Positions (February 02, 1998)
Short positions outstanding at January 15, 1998Larger individual positions include:Aber Resources 109,100; Abitibi-Consolidated 306,695, up 171,142; Barrick Gold 11,031,476, up 575,816; Black Swan Gol…
GREATEST VALUE TRADED, Jan. 21-27
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St Andrew starts program in Timmins camp
A $5-million exploration program by St Andrew Goldfields (SAS-T) is under way at the Taylor property in the Timmins gold camp of northern Ontario.The company says 60% of the funds allocated for the 19…
Kinross sees cost reductions ahead
With gold prices still mired around US$300 per oz., speculation is growing that some companies will not be able to survive a prolonged period of depressed prices. Kinross Gold (K-T), fully aware that …
IG shelves Bakyrchik project
Continued weakness in gold prices has forced Indochina Goldfields (ING-T) to cancel development plans for its Bakyrchik gold project in Kazakstan.The company will nonetheless proceed with operating pl…
Kennecott joins JNR Resources in Saskatchewan
Kennecott will earn a 65% interest in up to eight uranium concessions held by JNR Resources (JNN-V) in the Athabasca Basin of northern Saskatchewan.To do so, Kennecott must spend $1.5 million on explo…