Sonora shifts focus to diamonds
In a name change that reflects the company’s new focus, Sonora Gold is now known as Sonora Diamond (SON-T).Although shareholders approved the new name at Sonora’s annual meeting, about half of them st…
News
Corrections (April 14, 1997)
Arauco Resources (ARU-V) has acquired full ownership of the George Lake gold project. Incorrect information appeared in our issue of March 31.
EDITORIAL — Dearth of data warranted skepticism — The bitter taste of humble pie
There were many tales told at the Busang property in Kalimantan, Indonesia, but one that might have a grain of truth was the story of the over-educated “egg-head” geologist sent by a major mining comp…
DIAMOND BRIEFS — Diagem markets Brazilian stones
Vancouver-based Diagem International Resource (DGM-V) has released production figures from the Juina alluvial diamond operation in Brazil’s Mato Grosso state.Production of diamonds in March was 11,723…
LETTER TO THE EDITOR — Everybody wins when CIDA grants benefit Canadian business
A recent letter from Maurice Brown (T.N.M., Jan. 27/97) may not contain the right information on projects operated by the Canadian International Development Agency (CIDA) in foreign countries.I was a …
LME WAREHOUSE LEVELS (April 14, 1997)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at April 7/97 (change from previous week in brackets):Aluminium844,575(-8,425)Copper167,125(-10,125)Lead107,875(+950)Nickel48,5…
Bema boosts stake in El Callao and Puma
To increase its interest in two Vancouver-listed juniors, Bema Gold (BGO-T) has spent $4.8 million in two separate private placements.Bema bought 2 million units of El Callao Mining (ECM-V) at $1.50 e…
STOCK MARKETS — Rise in U.S. interest rates deflate TSE still further
More than 54 million shares of Bre-X crossed the trading floor as investors continued to bail outBase metal companies rolled with the punches over the report period ended April 8, as U.S. interest rat…
METAL PRICES — DAILY METAL PRICES (April 14, 1997)
BASE METALS (London Metal Exchange – Midday bid/ask prices in US$ per tonne)DateApril 8April 7April 4April 3A…
Gitennes drills Virgen for bulk-Tonnage potential
Though bad ground hindered the first phase of drilling on the Virgen gold property in north-Central Peru, assay results reveal potential for a low-grade, bulk-Tonnage deposit.Gitennes Exploration (GIT…
Ecstall stakes claims in Alberta
Junior Ecstall Mining (EAM-V) has entered into the Alberta diamond rush by staking 1.4 million acres of prospective ground in the south-Central part of the province.The Vancouver-based company intends…
DIAMOND BRIEFS — Monopros, Gerle return to Doyle
Drilling is set to begin on the LA 1-25 claims at the Doyle Lake project in the Northwest Territories.Under an option agreement, Monopros, the Canadian exploration arm of De Beers Consolidated Mines (…