Drills turn at Riyadh property
The second phase of a 50,000-ft. drill program is under way at the Riyadh gold property in Ghana, West Africa.Operator Intenational Tournigan (ITG-V) says new roads and 15 drill pads have been constru…
News
PEOPLE –PATRICIA MINES
Stephen Mlot appointed president and director; John Hill appointed director.
PEOPLE –PANTERRA MINERALS
James Villegas appointed director.
PEOPLE –PANDORA INDUSTRIES
James Billingsley appointed director.
Corrections (November 25, 1996)
World nonferrous exploration spending rose to $3.5 billion in 1996.Incorrect information appeared in our Nov. 4 issue.
LME Warehouse Levels (November 25, 1996)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at Nov.18/96 (change from previous week in brackets):Copper96,125(-13,050)Tin9,235(-345)Lead114,775(-200)Zinc534,750(-2,725)Al…
Gold Funds (November 25, 1996)
Gold Funds as of November 14, 1996BGRCentralNet Value$23.09$6.19Price$18.35…
Phelps Dodge nixes Peruvian agreement
The Peruvian subsidiary of Phelps Dodge (PD-N) has terminated the conditional assignment agreement on Rio Amarillo Mining’s (RIO-V) Candelaria porphyry copper project in southern Peru.The US$5-million…
PEOPLE –PACIFIC AMERICAN
Hiro Ogata appointed chairman and chief executive officer.
PEOPLE –ROCHESTER
D. Campbell, Gary Liu, Ronnie Doman, Victor Erickson and Roger Nickel appointed directors.
PEOPLE — MIRAMAR MINING (November 25, 1996)
Brian Labadie appointed senior vice-president of operations.
Goldcorp makes new bid for Wharf Resources
Toronto-based Goldcorp’s (G.A-T) bid for subsidiary Wharf Resources (WFR-T) has received a lukewarm vote of confidence from Wharf’s independent directors following a valuation of the company.Wharf’s d…