El Callao cranks up production at Lo Increible
Small-scale mining operations are under way at the Lo Increible project in Venezuela.El Callao Mining (ECM-V) reports it is mining roughly 4,000 tonnes of ore per month from the Victoria deposit for p…
News
DIAMOND PAGE — DO-18 pipe yields mini-bulk sample
About 6.5 tonnes of kimberlite were recovered by a single, large-diameter drill hole on the DO-18 pipe at the WO claim block in the Lac de Gras area of the Northwest Territories.Kennecott Canada, whic…
DIAMOND PAGE — Ashton pulls few diamonds at Orion
The processing of 1,265 kg of drill core from the Orion kimberlite pipe returned a low diamond count, suggesting the body is uneconomic.The Orion is the fourth kimberlite to be discovered on the Cross…
Gold Funds (June 17, 1996)
Gold Funds as of June 6, 1996BGRCentralNet Value$25.21$6.52Price$18.30$6.
Triton poised for recovery at Limon
Operating problems at the Limon gold mine in Nicaragua took their toll on Triton Mining (TTM-T) in the first quarter.The company lost $1.1 million (or 6 cents per share) on revenue of just under $4.8 …
Toronto Stock Exchange Indices (June 17, 1996)
1996June 11June 10June 7June 6June 5HighLowCompos…
Spot prices at a glance (June 17, 1996)
Wednesday, June 12, 1996Week’s Price (US)ChangeGold*$384.50-$3.45Silver*$ 5.12…
Pacific Comox drills targets at Adansi Asaasi
Drills are turning on the Chirebroso mine zone at the Adansi Asaasi concession in Ghana, West Africa.The initial 15,000-metre diamond and reverse-circu-lation program is being carried out by Pacific C…
Canmex plans more drilling for Boleo
Drilling at the Boleo project in Baja California Sur, Mexico, will test the potential extension of a sedimentary-hosted zone of copper-cobalt mineralization.Canmex Minerals (CMX-V) plans to drill eigh…
STOCK MARKETS — Yellow metal sings the blues
The Toronto Stock Exchange fell sharply over the report period ended June 11, dragged down by plummeting resource stocks. The TSE 300 composite index lost 118.19 points or 2.3%, falling to 5,106.32. G…
CORRECTION (June 17, 1996)
In our June 10 issue, a report on the Thorne gold property near Timmins, Ont., included a photograph of Robert Duess, vice-president of exploration for Band-Ore Resources (BNDR-C), who was erroneously…
Accident claims life in Kyrgyzstan
A Canadian man was killed in early June in an industrial accident in Kyrgyzstan.Kevin Lane, of Edmonton, Alta., was killed when he fell 12 metres while working at the Kumtor mill. The mill is part Cam…