NEWS IN BRIEF (September 30, 1996)
Rockwealth International Resource (RWR-V) has changed its name to Strathmore Resources (SMR-V).
News
PEOPLE — WESTERN PREMIUM (September 30, 1996)
Andrew Collings appointed director.
Gold Funds (September 30, 1996)
Gold Funds as of September 19, 1996BGRCentralNet Value$25.11$6.46Price$18.55…
Band-Ore keen on Thorne drill results
More encouraging drill results have been released from the Thorne property, west of Timmins, Ont., held by Band-Ore Resources (BAN-T).Most of the results are from infill holes drilled in the eastern p…
Holmer drill-tests ground near Timmins
Drilling is under way on two properties west of Timmins, Ont.Holmer Gold Mines (HGM-A) is testing induced-polarization (IP) anomalies at its Thunder Creek gold property in Bristol Twp., 6 km north of …
AfriOre expands in Republic of Congo
Under a renegotiated agreement, AfriOre (AFO-V) has agreed to acquire a half interest in a large lead-zinc property in the Republic of Congo.The 696-sq.-km concession, currently held by privately owne…
History of Klondike gold rush has the stamp of quality
Klondike Gold: The Philatelic History of the Klondike Gold Rush, by Kenneth J. Kutz. Gold Fever Publishing, 7 Whaling Rd., Darien, Conn., U.S.A. 06820.In a new book marking the hundredth anniversary o…
Kavanagh to speak on Busang deposit
The Toronto Geological Discussion Group will address Indonesia’s Busang gold deposit on Nov. 5.Speakers will include Paul Kavanagh of Bre-X Minerals, which owns the deposit, and Egizio Bianchini of Ne…
TSE Short Positions (September 30, 1996)
Short positions outstanding at September 15, 1996.Larger individual positions included: Barrick Gold 9,524,501; Agnico-Eagle 327,903; Asia Pacific Res. 137,072; Anvil Range Mining 768,120; Anderson Ex…
KWG Res. reports unusual find
Partners Spider Resources (SPQ-A) and KWG Resources (KWG-T) have made a “somewhat unique” diamond discovery within exposed bedrock along the Trans-Canada Highway.The partners recovered 64 mostly fragm…
STOCK MARKET — Resource stocks fail to boost western markets
The Vancouver Stock Exchange composite index finished relatively flat between Sept. 18 and 24, closing at 1,227.43 points, down 1.77 from last week’s close of 1,229.2. The resource index was up slight…
Young-Shannon drilling in northeastern Ontario yields strong gold intercepts
Encouraging results from a winter 1996 drill program on its namesake gold property in northeastern Ontario have Young-Shannon Gold Mines (YSG-V) drilling once again.The company has been exploring the …