Gitennes pins hopes on Virgen gold property
Although it is still in the early stage of being explored, the Virgen property in north-Central Peru is already attracting attention as a gold discovery of some significance.Over the next four years, …
1997
PRODUCER & DEALER PRICES (June 16, 1997)
Aluminium: LME settlements US$1,561 per tonne, alloy $1,452 per tonne (June 3/97).Antimony: Composite free market, US$2,200 per tonne (June 3/97).Bismuth: Composite free market US$3.50 per lb. (June 2…
Activists block Crown Jewel mine
Environmental activists intent on preventing development of the Crown Jewel gold mine in northwestern Washington state have filed an action in U.S.District Court against the U.S. Forest Service.The ac…
Philex acquires ground in Bicol gold mining district
A recent agreement sets the stage for Philex Gold (PGI-T) to explore and develop a 729-ha claim group in the Bicol gold district of the Philippines.Situated on Southern Luzon Island, 300 km southeast …
Energold remains hopeful in D.R.
Results are in hand from 10 of 15 holes drilled to test the Centenario gold deposit in the Dominican Republic.Energold Mining (EDG-V), which recently completed the third phase of drilling, reports tha…
DIAMOND PAGE — Diavik JV to evaluate diamonds
The Diavik Diamond joint venture in the Northwest Territories has begun processing an underground bulk sample of more than 3,000 tonnes of kimberlite material.The material was extracted from pipe A-41…
Birim to gain ground in Ghana
Birim Goldfields (BGI-T) has agreed to acquire from Santa Fe Pacific Gold a 90% interest in three gold licences covering most of the Bui structural belt in western Ghana.Santa Fe is a subsidiary of Ne…
ODDS ‘N’ SODS — The mechanic’s apprentice
In 1934, Bill White, the master mechanic at Paymaster Consolidated Mines in Timmins, Ont., hired a young man as a machine shop apprentice.Jimmie Gregulski, a boy of Polish descent from the nearby town…
Chair appointed to Lassonde program
A former Noranda researcher and current head of the department of mining engineering at Queen’s University has been appointed chair of the Lassonde Geological and Mining Engineering Program at the Uni…
Pioneer explores Nokomis Lake
Based on recent drill results, Pioneer Metals (PSM-T) believes ongoing exploration is warranted at the Nokomis Lake gold project, 68 km northeast of Flin Flon, Man.The Vancouver-based company is earni…
LETTER TO THE EDITOR — Salting easy to detect, preventable
A disturbing trend seems to be developing as a result of the scandals surrounding Cartaway Resources, Bre-X Minerals, Delgratia Mining and possibly Hixon Gold and Golden Rule.Fraud or incompetence in …
TSE SHORTS (June 16, 1997)
Short positions outstanding at May 31, 1997Larger individual positions included: Barrick Gold 12,118,753, up 391,400; Ashton Mining of Canada 110,000, down 104,722; Adex Mining 106,000, down 204,000; …