World exploration salaries at comparable levels
A survey suggests that salaries for those employed in the upper levels of exploration are consistent throughout many countries that have a substantial mining industry.Salaries for exploration professi…
News
DIAMOND PAGE — SouthernEra confirms Marsfontein diamond grades
Assays of a bulk sample taken from the M-1 kimberlite pipe on the Marsfontein farm at the Klipspringer project in South Africa have confirmed earlier grade estimates, reports SouthernEra Resources (SU…
DIAMOND PAGE — More diamonds pulled from Buffalo Hills kimberlite
A second sample from the promising K14C kimberlite at the Buffalo Hills project in north-central Alberta has yielded one macrodiamond and 94 microdiamonds from 45.6 kg of drill core.An earlier 43.4-kg…
GEOLOGY 101 — Placer gold deposits, Pt. 2
Although placer gold deposits have yielded less than 10% of Canada’s gold production, their discovery played an important role in attracting settlers to remote areas of the country.For example, the Ca…
Franco, Euro advance Ken Snyder to production
Faced with the real possibility of declining royalty payments from future operations along this state’s Carlin trend, Franco-Nevada Mining (FN-T) and Euro-Nevada Mining (EN-T) have decided to enter th…
DIAMOND BRIEFS — Ashton closes rights offering
A rights offering by Ashton Mining of Canada (ACA-T) raised $15.7 million.Proceeds will be used to fund ongoing exploration in North America, including a work program under way at an extensive field o…
GOLD FUNDS (October 13, 1997)
Gold Funds as of October 2, 1997BGRCentralNet Value$18.67$5.94Price$14.45…
STOCK MARKET — VSE stumbles in September but recovers ground in new month Humdrum week as gold, diamond explorers post less-than-spectacular results
From August to September, both the composite indicator and mining indicator of the Vancouver Stock Exchange dropped by 2%. Also, four exploration and development companies were newly listed, including…
African conference set for ’98
A conference showcasing mineral investment opportunities in Africa will be held Feb. 3-5 at the Cape Sun Intercontinental Hotel in Cape Town, South Africa.The conference, entitled “Investing in Africa…
PRODUCER AND DEALER PRICES (October 13, 1997)
Aluminium: LME settlements US$1,646 per tonne(Oct. 7/97).Antimony: Composite free market, US$1,930 per tonne (Oct. 7/97).Bismuth: Composite free market US$3.40 per lb. (Sept. 30/97).Cadmium: Composite…
Partners extend copper zones at Lew
Drilling by partners Thunderwood Resources (THS-T) and Consolidated Abitibi Resources (CAQ-M) has intersected high-grade copper mineralization on the Lew volcanogenic massive sulphide property, 20 km …
Lyon Lake Mines launches Beta Vargas
Soon to join the ranks of gold producers, Lyon Lake Mines (LLL-M) reports that its wholly owned Beta Vargas open-pit gold mine in Costa Rica is operational.Thirty thousand tonnes of ore are being plac…