News

DIAMOND NEWS ROUNDUP — Cypango to test Yamba Lake

Drills are ready to turn on the Yamba Lake property in the Northwest Territories.Cypango Ventures (CAV-V) can earn a 51% interest in the claim block from partners Tanqueray Resources (TQY-A) and Mill …


Nelson Gold revives Jilau mine

Operations at the Jilau mine in Tajikistan have resumed following discussions between Nelson Gold (NLG-T), the Tajikistani government and International Finance Corporation.Production started in the fi…





Cominco earnings expected to dip

The earnings of Cominco (CLT-T) for the third quarter ended Sept. 30 are expected to be lower than those of the previous quarter.The projected decrease is attributed to lower prices for copper, nickel…



True North results prove encouraging

Newmont Gold (NGC-N) and its 35% partner, La Teko Resources (LAORF-Q), have completed summer drilling at the True North gold deposit in the Fairbanks district of Alaska.The more than 80 holes drilled …


Interim Falconbridge chief to hold steady course

Alex Balogh, a former chief executive officer of Falconbridge (FL-T), has been named the interim replacement following the death, last week, of president and chief executive officer Franklin Pickard.T…



Pacific Wildcat intensifies drilling in Indonesia

At the Sulut gold prospect in Sulawesi, Indonesia, Pacific Wildcat Resources (PAW-V) has received promising results from the first stage of drilling.Hole 126 returned 40 metres grading an average of 7…


Cathedral doubles Honduran position

Toronto-listed Cathedral Gold (CAT-T) has extended its land position at the Lady property in Honduras.In expanding the property to 110 from 56 sq. km, Cathedral has also extended its area of gold-silv…


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