Spot prices at a glance (November 11, 1996)
Wednesday, November 6, 1996Price (US)Week’s ChangeGold*$377.90- $2.40Silver*$ 4.79…
News
Drilling at Skukum Creek returns best grades to date
The latest round of drilling at Omni Resources’ (ORI-V) Skukum Creek deposit, near Whitehorse, Y.T., yielded an 83-ft. intersection grading 0.673 oz. gold and 7.65 oz. silver per ton in the deepest dr…
Wolverine partners release assay results
A drill hole at the newly discovered Lynx zone at the Wolverine project in southeastern Yukon returned a true thickness of 13.8 metres grading 1.82 grams gold and 417 grams silver per tonne, plus 11.0…
Santa Cruz Gold intersects gold mineralization in Sinaloa
Drilling by Santa Cruz Gold (SCG-T) continues to intersect gold mineralization on its two properties in Sinaloa state, Mexico.At the Magistral property, a 15-hole program was carried out on the Samani…
Maude Lake explores Victoria Gold
Junior Globex Mining Enterprises (GMX-T) will allow Maude Lake Exploration (MAUD-C) to explore its wholly owned Victoria Gold project in Quebec’s Clericy Twp.Maude can earn a 60% interest in the prope…
Drill results help Teuton and Minvita prove up Clone project
Partners Teuton Resources (TUO-V) and Minvita Enterprises (MVE-V) report encouraging drill results from the Clone property in northwestern British Columbia.The joint venture completed 49 diamond drill…
MacDonald resumes drilling on Cuban gold concession
Toronto-based MacDonald Mines Exploration (MMP.A-A) has begun diamond drill-testing geophysical anomalies on the Florencia concession in east-central Cuba.The anomalies, concentrated in the southern e…
Canarc goes underground at Polaris Taku gold project
Canarc Resource (CCM-T) has begun the underground phase of its feasibility program at the Polaris Taku property in northwestern British Columbia.The work will entail drilling some 200 holes in an atte…
Asarco prepares to close Leadville mine
Lower prices for lead and zinc concentrate have prompted Asarco (AR-N) to close its Leadville mine in Colorado.The operation will be shut down indefinitely at year-end. The Leadville mill was closed i…
MOST ACTIVE ISSUES, Oct. 30-Nov. 5
ExchgVol(000s)CloseBRE-X MnrlsT1077720.50William ResT…
Abyz study tabled
A prefeasibility study commissioned by Goldbelt Resources (GDB-V) estimates a capital cost of US$69.8 million to develop the Abyz copper-zinc deposit in Kazakhstan.Minable reserves at the deposit are …
Columbia hits strong values at Finlayson Lake project
Two stepout diamond drill holes have encountered significant grades of copper-gold mineralization at the Fyre Lake project in the Yukon.Columbia Gold Mines (COB-T) reports that a southerly stepout of …