Eden Roc turns profit at African gold mine
Miners say it all the time, so it must be true: there is no substitute for grade.The motto would seem to apply to Eden Roc Minerals (edn-t), which announced record gold production of 11,670 oz. and ne…
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BOOK REVIEW — Ed Schieffelin: one lucky cuss
.BREVIEWED BY JOHN CUMMINGDestination Tombstone: Adventures of a Prospectorby Edward Schieffelin; compiled by Marilyn Butler;US$14.95, Available from Royal Spectrum Publishing,2562 E. Evergreen, Mesa,…
Australian satellite to aid in exploration
Australia is taking the science of mineral exploration to new heights.A consortium of business and government interests is developing a satellite to carry imaging spectrometers capable of differentiat…
PEOPLE — PT FREEPORT INDONESIA 5 PEOPLE — SASHA VENTURES PEOPLE — VELVET EXPL.
Robert Wohleber appointed senior vice-president.Barry Ehrl appointed chief executive officer.Ken Norman appointed director of public relations.
GREATEST VALUE TRADED, August 20-26
ExchgValue($000s)HighLowCloseChangeInco LtdT11183…
Earnings rise for Rayrock Yellowknife
A major sale made the second quarter a strong one for Rayrock Yellowknife Resources (RAY-T).The company, which mines gold in Nevada, reported earnings of US$5.4 million (or 30 cents per share), compar…
EDITORIAL — Coggin and Niemuth should be unmuzzled — Freedom of speech
Early this year, Delgratia Mining stated that its Josh property in Nevada had reserves of 5 million oz. gold. The estimate was based on four drill holes, which included such impressive assay results a…
DIAMOND PAGE — Drilling resumes at Camsell Lake
Partners Winspear Resources (WSP-V) and Aber Resources (ABZ-T) have resumed drilling in the Snap Lake area of the Camsell Lake project in the Northwest Territories.A program of up to 2,200 metres is t…
SPOT PRICES (August 25, 1997)
Wednesday, August 20, 1997Price (US)Week’s ChangeGold*$322.00- $6.60Silver*$ 4.51…
TSE SHORT POSITIONS (August 25, 1997)
Short positions outstanding at July 31, 1997Larger individual positions included: Barrick Gold 11,804,898, up 866,048; Bema Gold 4,407,286; Bonus Resource 22,190, down 791,810; Breakwater Resources 22…
Treminco hard at work in Territories
Buoyed by recent drill results, Treminco Resources (TMO-T) is planning a further 1,000-metre drill program at its Sito property, 40 km north of Yellowknife, N.W.T.Drilling this summer tested a structu…
LITERATURE REVIEW — KWG sees four mines on Russian horizon
Through its wholly owned subsidiary, Far East Gold (FEGI-C), Montreal-based KWG Resources (kwg-t) has signed letters of intent with two Russian gold companies to acquire interests in four gold deposit…