PEOPLE — CANARC (February 10, 1997)
Pierre Masse appointed vice-president of finance and chief financial officer.
News
Higher gold yield offsets slip in copper and nickel
Canadian production rates of gold, refined lead, refined zinc, salt and potash increased in November 1996 over levels recorded a year earlier.However, output of silver, copper, nickel, primary lead, p…
GOLD FUNDS (February 10, 1997)
Gold Funds as of January 30, 1997BGRCentralTNet Value$21.80$5.89Price$17.85$5.450Discount18.14%7.5%Value$162,026,000$98,641,185…
THE DIAMOND PAGE — Spider nets James Bay diamonds
Juniors Spider Resources (SPQ-A) and KWG Resources (KWG-T) have found more diamonds in the Kyle Lake diatreme in the James Bay Lowlands, 200 km north of Timmins, Ont.The results, called “quite encoura…
Santa Fe gets nod for Twin Creeks
The U.S. Bureau of Land Management has approved plans to expand the Twin Creek gold mine in northern Nevada.The decision allows owner Santa Fe Pacific Gold (GLD-N) to expand the pit and thereby gain g…
Banro hunts for gold in Zaire
Toronto-based Banro Resource (BANR-C) is exploring its Namoya gold property in the Maniema province of eastern Zaire.CME Consulting is managing the program, which consists of an airborne geophysical s…
High River adds to African holdings
Toronto-based High River Gold Mines ((HRG-T) has acquired an option to earn 100% of a 500-sq.-km concession adjacent to its Taparko gold project in Burkina Faso.A second-phase, US$2-million exploratio…
Tri Origin drills to expand Lewis Ponds
A drill program by Tri Origin Exploration (TOE-T) is attempting to expand mineralization at its Lewis Ponds property in New South Wales, Australia.Resources at the Toms zone of Lewis Ponds stand at 1 …
Teck identifies gold in Oaxaca state
In Oaxaca state, the Mexican subsidiary of Teck (TEK-T) has identified a gold deposit with bulk-mining potential.The 8-by-8-km concession is held by the Mexican subsidiary of International Northair Mi…
THE DIAMOND PAGE — Rex Diamond’s Tongo Fields appraised
The Tongo Fields diamond project of Rex Diamond Mining (RXD-T) has yielded 18.9 million carats valued at US$175 per carat.Situated in the West African country of Sierra Leone, the project includes kim…
Nuinsco, Cambior cancel agreement
Quebec-based Cambior (CBJ-T) has left Nuinsco Resources (NWI-T) alone at the Cameron Lake gold project in northwestern Ontario.The companies agreed that by forfeiting its option, Cambior is not accoun…
Cabo to buy stake in Cuban prospect
Cabo Exploration Ventures (CVE-V) intends to buy the balance of the Trinidad concession in Cuba.The vendor, Panama-based MinAmerica, has agreed to sell its 30% interest in the concession to Cabo in an…