Diamond sale benefits Hillsborough
The sale of 2.1 million shares of Canabrava Diamond (VSE) helped push Hillsborough Resources (TSE) into the black in 1995.The company earned $1 million, or 10 cents per share, after gaining $2.1 milli…
News
Golden Rule gets nod for its Komis gold project
Saskatchewan has granted Golden Rule Resources (TSE) a surface lease for the Komis property, from which gold is expected to pour in August.Komis, which lies 170 km northeast of La Ronge, hosts proven …
THE DIAMOND PAGE — More drilling possible at Arkansas park
Junior Texas Star Resources (VSE) should soon have federal approval to proceed with a diamond exploration project in the Crater of Diamonds State Park in Arkansas.Pending the approval, Texas Star and …
Geology students host Que. symposium
Graduate students in geology at the University of Quebec will present their ninth annual symposium on April 17.Entitled “Archean gold mineralization: Comparison with recent volcanic arcs,” the half-da…
Pathfinder plans work Down Under
Junior Pathfinder Resources (VSE) can acquire the Tungaberry copper project in Australia from Quadrant Resources.Situated in north-central Queensland, the property comprises 2,000 sq. km.Geophysical w…
THE DIAMOND PAGE — Kimberlite discovered at Afridi Lake property
Drilling at the Afridi Lake property in the Northwest Territories is reported to have intersected a land-based kimberlite pipe.Cypango Ventures (VSE) can earn a 51% interest from 70% owner Intertech M…
Eastmain and Barrick form JV at Lac Elmer
CDN-listed Eastmain Resources has formed a 50-50 joint venture with Barrick Gold (TSE) to develop the Lac Elmer gold project in northwestern Quebec.Over a 4-year period, Barrick will cover the first $…
Australian sampling method attracts industry support
From the outback of Western Australia comes a new sampling technique that allows exploration companies to pinpoint mineral deposits more accurately.The Mobile Metal Ion (MMI) process involves the test…
Romarco intensifies Nevada work
Toronto-based Romarco Minerals (CDN) will explore six of its properties in Nevada.The company and its various partners plan to spend more than US$4.2 million this summer, and drills are already turnin…
Academics and industry reps to discuss latest developments in mineral separation
The department of mining and metallurgical engineering at McGill University will host a short course on mineral separation systems from May 13 to 16.The course will be divided into several areas, incl…
WSGS to release Big Trails report
The Wyoming State Geological Society (WSGS) has completed a report describing the northern portion of the Big Trails fault system.The system is described as a right-lateral oblique slip fault.Included…
Namco finds more diamonds in Namibia
Bulk sampling off the coast of Namibia is expected to lead to commercial production by early 1997 for Namco (VSE).The average value of diamonds recovered from the Luderitz Bay Grant is US$206 per cara…