DIAMOND PAGE — Golconda unlucky in Idaho
No diamonds were recovered in a 15-ton mini-bulk drill sample of lamproitic tuff from Golconda Resources’ (GA-A) Thorn Creek diamond project in Idaho.Previous sampling had determined the presence of i…
News
LITERATURE REVIEW — NEWS ROUNDUP — Mount Pleasant to slim down
Adex Mining (AMG-T) has announced it has trimmed the budget for its Mount Pleasant polymetallic mine in New Brunswick by more than $30 million.A draft feasibility study released in March 1997 estimate…
LITERATURE REVIEW — NEWS ROUNDUP — Black Pearl expands near Timmins
Black Pearl Minerals (BLKP-C) has struck a deal with Pentland Firth Ventures (pfo-t) to acquire a half interest in three claim blocks in Tully Twp., near Timmins, Ont.For its interest, Black Pearl, ov…
LITERATURE REVIEW — Nebex explores for gold in Italy
Italy is known for its pasta and ancient ruins, but at least one junior company believes the country also may be prospective for “Carlin-type” epithermal gold deposits.Nebex Resources (NBX-A) is earni…
STOCK MARKETS — TSE lives through another selloff — Metals and golds keep sinking as
broad market recoversLike its counterparts around the world, the Toronto Stock Exchange was hit by a correction on Aug. 15. But the TSE 300 composite index rallied on Aug.19 to recover most of the los…
TORONTO STOCK EXCHANGE INDICES (August 25, 1997)
1997 –Aug 19Aug 18Aug 15Aug 14Aug 13HighLowCompo…
Cameco inks Russian deal
Three parties — Cameco (CCO-T), Paris-based Cogema and privately held Connecticut-based uranium trader Nukem — have signed anagreement-in-principle with the Russian Federation to buy uranium taken f…
Mines pour first gold
Two mines in separate parts of Canada celebrated their first gold pours recently.Rea Gold (REO-T) announced that the Bissett gold mine in eastern Manitoba is now hoisting and milling ore. The first go…
MOST ACTIVE ISSUES, August 13-19
ExchgVolume(000s)CloseMeridian GoldT54536.45Eldorado GoldT…
Correction (August 25, 1997)
During the three months ended June 30, 1997, Rio Algom (ROM-T) produced 50,000 lb. of uranium and 133,000 lb. of coal. During the same period in the previous year, the firm produced 540,000 lb. of ura…
BOOK REVIEW — Book examines ABCs of gold exploration — Author sets out practical, sensible guidelines
.BREVIEWED BY STUART McDOUGALLThe Gold Explorer’s Handbook, By James Regan, 25Available from Rosendale Press, London, EnglandThe Gold Explorer’s Handbook is a straightforward and down-to-earth introdu…
LITERATURE REVIEW — NEWS ROUNDUP — Stroud options Temagami properties
Stroud Resources (SDR-T) has signed a $3-million deal with privately owned Wabana Explorations to acquire the Leckie gold project, near Temagami, in northern Ontario.Wabana must make initial payments …