Arauco begins feasibility
The George Lake project of Arauco Resources (ARU-T) has reached the feasibility stage.Arauco has engaged H.A. Simons to conduct a feasibility study on the project, which is in the Kitikmeot region of …
News
Eldorado expands into African districts — Two gold mines added to international portfolio
Two operating gold mines and nine exploration properties in Africa will be acquired by Eldorado Gold (ELD-T) as part of a second-stage transfer of assets to the company from South African mining house…
Philex acquires ground in Bicol gold mining district
A recent agreement sets the stage for Philex Gold (PGI-T) to explore and develop a 729-ha claim group in the Bicol gold district of the Philippines.Situated on Southern Luzon Island, 300 km southeast …
Energold remains hopeful in D.R.
Results are in hand from 10 of 15 holes drilled to test the Centenario gold deposit in the Dominican Republic.Energold Mining (EDG-V), which recently completed the third phase of drilling, reports tha…
Patience, planning key to Vedron’s Timmins strategy
Slowly and methodically, Vedron Gold (VDGI-C) is proceeding with a drill program aimed at expanding the resource of the Fuller gold deposit, about 10 minutes’ drive southeast of town.Fuller, which pro…
PEOPLE — RIO ALGOM (June 16, 1997)
Patrick James appointed president and chief executive officer.
PEOPLE — PINCOCK, ALLEN & HOLT (June 16, 1997)
Marshall Koval appointed president.
DIAMOND PAGE — Diavik JV to evaluate diamonds
The Diavik Diamond joint venture in the Northwest Territories has begun processing an underground bulk sample of more than 3,000 tonnes of kimberlite material.The material was extracted from pipe A-41…
SPOT PRICES (June 16, 1997)
Wednesday, June 11, 1997Price(US)Week’s ChangeGold*$343.70+ $1.30Silver*$ 4.77…
Java Gold, Pursuit launch programs in Mongolia
Alluvial gold production is under way at the Gazar property of Java Gold (JVAG-C).The company’s two gold production plants have arrived at the property, situated in Mongolia’s Zaamar Valley. Commissio…
Birim to gain ground in Ghana
Birim Goldfields (BGI-T) has agreed to acquire from Santa Fe Pacific Gold a 90% interest in three gold licences covering most of the Bui structural belt in western Ghana.Santa Fe is a subsidiary of Ne…
ODDS ‘N’ SODS — The mechanic’s apprentice
In 1934, Bill White, the master mechanic at Paymaster Consolidated Mines in Timmins, Ont., hired a young man as a machine shop apprentice.Jimmie Gregulski, a boy of Polish descent from the nearby town…