GREATEST VALUE TRADED, Dec. 13-19
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News
TORONTO STOCK EXCHANGE INDICES (December 30, 1996)
1996Dec 24Dec 23Dec 20Dec 19Dec 18HighLowComposit…
International Precious Metals takes another crack at Black Rock
A “breakthrough in assaying” has encouraged International Precious Metals (IPMC-C) to begin another pilot plant test program at its Black Rock Extended project in Arizona.An earlier metallurgical test…
Resource Finance Corp. to invest in SE Asian gold miners
North American mining companies now have someplace else to turn to for capital for Southeast Asian projects.Australian-based Resource Finance Corporation, a merchant and investment bank, has establish…
Noranda explores La Grande Nord
A geophysical program by Noranda (NOR-T) will explore polymetallic showings at its La Grande Nord property in Quebec.Previous work, including trenching and grab samples, at the 330-sq-km property, nea…
Permit paves way for mine start-up
Toronto-based Wheaton River Minerals (WRM-T) has moved one step closer to re-opening the Golden Bear gold mine in northwestern British Columbia.Wheaton River controls the heap-leach operation through …
Birim drills Akrokeri in Ghana
Montreal-based Birim Goldfields (BGI-T) has completed a first-phase, surface drill program at the past-producing Akrokeri gold mine in Ghana.The 4,800-ha property in the Ashanti belt is 90%-owned by B…
Rea Gold acquires Brazilian project
Junior Rea Gold (REO-T) has signed a letter of intent to acquire the Pitangui gold project in Brazil.Terms of the agreement call for the company to pay owner Luxembourg-based Minorco a total of US$5.1…
Improved markets needed for Faro
A review of the Faro mine of Anvil Range Mining (ARO-T) has recommended that the lead-zinc mine remain closed until the market for those metals improves.The review found that optimistic metal price fo…
Nevsun outlines sizable gold resource at Tabakoto and Kubi in West Africa
Drill programs at the Tabakoto project in Mali and the Kubi in Ghana have enabled Nevsun Resources (NSU-T) to calculate preliminary gold resources of 2.7 million oz.The Vancouver-based junior, which h…
MOST ACTIVE ISSUES, Dec. 13-19
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Manitoba announces recipients of exploration funding
The Manitoba government will fund 42 provincial exploration projects to the tune of $2.5 million.The funding is part of Manitoba’s Mineral Exploration Assistance Program (MEAP), which is designed to a…