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.
Articles by Northern Miner Staff
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….
Patrician defines targets in Ghana
With only sparse outcrop exposure on its Goaso licence in southwestern Ghana, Patrician Gold Mines (PXX-A) has had to rely on select exploration tools to guide its search for gold mineralization.The c…
Drilling under way at Willoughby gold property
The first five holes of underground drilling at the Willoughby gold project near Stewart, B.C., have traced the North zone 230 ft. downdip from surface.Situated in the Red Mountain area, the project i…
GREATEST VALUE TRADED, August 7-August 13
ExchgValue($000s)HighLowCloseChangeArequipa ResT1…
Toronto Stock Exchange Indices (August 19, 1996)
1996Aug 13Aug 12Aug 9Aug 8Aug 7HighLowComposite”3…
Epworth results in hand
Results were released by Rhonda Mining (RDM-A) for two targets drilled earlier this year by a unit of Noranda (NOR-T) at their 50-50 joint-venture Epworth project, 90 miles south of Coppermine, N.W.T….
TSE SHORT POSITIONS (August 19, 1996)
Short positions outstanding at July 31, 1996Larger individual positions included: Barrick Gold 10,127,048; Agnico-Eagle 297,060; Asia Pacific 116,715; Anvil Range 433,900; Atna Resources 114,600; Ande…
Royal Oak finances projects
Gold producer Royal Oak Mines (RYO-T) has completed a debt-financing to raise funds for its portfolio of Canadian development projects.The funds will be used to finance construction of Royal Oak’s fla…
Nord Pacific beefs up its projects in PNG and Australia
Nord Pacific Resources (NORPY-Q) has produced new resource estimates for advanced projects in Papua New Guinea and Australia.At the Tabar Islands gold project, on Simberi Island in PNG, the company ha…
Marmato drilling cuts mineralization
The first three holes drilled by Gran Colombia Resources (GCRI-C) have intersected near-surface, gold mineralization at the company’s concessions in the Marmato district of Colombia, 150 km northwest …