MOST ACTIVE ISSUES, August 7-August 13
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News
Assay fiasco halts Gold Canyon
Trading in Gold Canyon Resources (GCU-T) was halted by the Vancouver Stock Exchange after it was learned that a laboratory erred in reporting assay results from the junior ‘s Springpole gold project i…
Saint Elena drilling results encourage CaribGold
Shallow drill-testing of the South Elena vein structure in Cuba has returned encouraging results, reports CaribGold Resources (CG-T).Although core recovery from the program was poor as a result of sur…
Oliver’s infill drilling verifies gold find in Mali
Results from infill drilling confirm that the Main zone of the Segala project in Mali contains a large gold resource, reports Oliver Gold (OGO-V).To date, Oliver and partner CMC (West Africa) have com…
DIAMOND NEWS ROUNDUP — Micros found at Aquila pipe
Summer exploration has picked up steam at the Roundrock property in the Northwest Territories, following the discovery of the Aquila kimberlite pipe.Lytton Minerals (LTL-T) was informed by partner Ash…
Red Lake strike hurts Goldcorp
The suspension of operations at the Red Lake gold mine in northwestern Ontario was responsible for a jump in cash production costs, Goldcorp (G-T) reports.The mine ‘s production for the second quarter…
STOCK MARKETS — Western markets stay the course
The Vancouver Stock Exchange composite index remained relatively unchanged over the report period ended Aug. 13, closing at 1,134.06 for a 1.14-point gain. The resource index rose 11.01 points to 2,15…
NEWS IN BRIEF (August 19, 1996)
Golden Gram Resources (GRA-M) has been listed for trading on the Montreal Exchange. The company holds an option on the Desjardins gold property in northwestern Quebec.
Mispec drills new gold-mineralized zone at Jampang property
Mispec Resources (MPE-M) has outlined a zone of gold mineralization on its 7,700-ha Jampang property in West Java, Indonesia.Acquired earlier this year, the property hosts gold workings and untested a…
ODDS’N’SODS — A close shave
In the winter of 1934-35, bush pilot Ted Stull, flying a Fairchild 7l aircraft, made regular runs to the Gods Lake and Island Lake gold mines, which were situated in north-eastern Manitoba.One day, in…
COMMENTARY — Voisey’s Bay II:Expect the unexpected
Nearly 40 years ago, prospector Stan Hilditch climbed to the top of a desolate, humpbacked mountain in the Pilbara of Western Australia to make anastonishing discovery.Hilditch was looking for mangane…
DIAMOND NEWS ROUNDUP — De Beers reports record sales
Diamond mining giant De Beers Consolidated Mines reports that a “positive mood in the market” during the first half of 1996 resulted in record sales of US$2.75 billion and an 18% increase in earnings….