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…
News
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 …
Taurus snaps up Cassiar area project
Junior International Taurus Resources (ITU-V) will earn a 70% interest in a block of claims near Cassiar, B.C.The company will act as project operator and, initially, earn up to a 50% interest by spen…
MOST ACTIVE ISSUES, September 18-24
ExchngVol(000s)CloseLa Rock MngV74610.54Goldstake ExpT…
Spot prices at a glance (September 30, 1996)
Wednesday, September 25, 1996Price (US)Week’s ChangeGold*$383.25+$0.35Silver*$ 4.9…
Financing completed for Caribou mine
Junior Breakwater Resources (BWR-T) has raised sufficient funds to start up the Caribou base metal mine in New Brunswick.The sale of 14.4 million shares at $2.15 each has closed, raising gross proceed…
Curator proves up project in Baja
Junior International Curator Resources (IC-T) reports satisfactory results from bulk-sampling of its copper-cobalt deposit in Baja California Sur, Mexico.The results demonstrate that average recoverie…