GOLD FUNDS (December 02, 1996)
Gold Funds as of November 21, 1996BGRCentralNet Value$22.82$6.16Price$18.35$6.350Discount19.60%Premium3.1%Value$169,597,000$114,930,555…
Articles by Northern Miner Staff
LME WAREHOUSE (December 02, 1996)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at Nov.25/96 (change from previous week in brackets):Copper96,125(-6,075)Tin9415(+180)Lead116,375(+1600)Zinc530,050(-4,700)Alu…
EXPLORATION ROUNDUP — Noble Peak hits gold at Worcester
The first hole drilled by Noble Peak Resources (NPK-A) at the Worcester gold project in South Africa’s Barberton greenstone belt has intersected gold mineralization.The hole returned 0.31 metre gradin…
EXPLORATION ROUNDUP — Blue Emerald turns east and west
Norway and Indonesia may be on opposite ends of the earth, but junior Blue Emerald Resources (BER-V) is of the view that both countries offer significant potential for new discoveries.The junior has a…
EXPLORATION ROUNDUP — Mimiska explores Fern Elizabeth
Encouraging results are reported from the Fern Elizabeth gold property of Mimiska Mining (MMS-M).Assays from the Zephyr zone include: 0.5 metre of 7.33 grams gold per tonne, 1.5 metres of 8.95 grams, …
THE DIAMOND PAGE — Namco loses legal dispute with Benco
South African judges have ended a longstanding legal dispute between Namibian Minerals’ (NMR-T) and Benco related to a diamond-mining venture off the coast of southern Africa.The country’s Supreme Cou…
THE DIAMOND PAGE — Diagem explores ground in Brazil
Geological mapping by Diagem International Resource (DGM-V) is under way at a newly acquired project in the Juina diamond camp of Brazil’s Mato Grosso state.The land package covers 11,000 ha in the ce…
THE DIAMOND PAGE — SouthernEra Resources inks deal for Angolan diamonds
The lure of Angolan diamonds has proved temptingfor SouthernEra Resources (SUF-T). The company, which already has diamond projects in Canada and South Africa, has secured the rights to four alluvial d…
Fairstar finances exploration
A $3-million financing has boosted to $7 million the amount of funds available to Fairstar Explorations (FFR-M) for exploration in Canada and West Africa.The junior has earmarked $1.9 million for expl…
EXPLORATION ROUNDUP — More drilling tests Atkinson
A third phase of drilling is under way at the Atkinson gold project near Detour Lake, Ont., a joint venture between Prism Resources (PRN-V) and Better Resources (BRZ-V).This stage will include 11 hole…
EXPLORATION ROUNDUP — Coloradas trio plans production in Durango
Partners Vanderbilt Gold (VAGO-O), Consolidated Viscount Resources (CVR-V) and Guardian Enterprises (GUD-V) are gearing up for production at the Coloradas concessions in Mexico’s Durango state.The con…
EXPLORATION ROUNDUP — South Pacific pins hopes on Kalimantan prospect
An epithermal gold deposit in the lush jungle of Kalimantan, Indonesia, has become the prime exploration focus for Vancouver-based South Pacific Resources (SHF-A).Known as Masupa Ria, the project is a…