World Wide to merge with Kazakstan Goldfields
A proposed merger between World Wide Minerals (WWS-T) and Kazakstan Goldfields (KGFC-C) will create the largest foreign-owned mining company in Kazakstan.The surviving entity, World Wide Minerals, wil…
News
STOCK MARKETS — Western markets slink slowly skyward
The Vancouver Stock Exchange composite index rose slightly over the report period ended Nov. 26 to close at 1155.16, a gain of 5.37 points over last week’s finish of 1149.79. The resource index rose 1…
METAL PRICES — FREE MARKET (December 02, 1996)
London Metal ExchangeMidday bid-ask prices in $US per tonneDateNov. 26Nov. 25Nov. 22Nov. 21Nov. 20…
Timbuktu resumes trading on ASE
Seven months after being halted in a scandal over allegations that its drill results had been tampered with, Timbuktu Gold (TBT-A) has resumed trading on the Alberta Stock Exchange.Spectacular first d…
Ursa Major eyes expansion at Koktasjal property
Surface grab samples from the Southeast zone of the Koktasjal copper-gold porphyry project in northern Kazakhstan have returned encouraging results for Ursa Major International (URSA-C).The new zone l…
EXPLORATION ROUNDUP — Chesbar starts Venezuelan exploration
A soil geochemistry program by Chesbar Resources (CBI-M) in Venezuela has resulted in the discovery of three new gold zones on the Guaiquinima II and Anacoco II concessions.The zones were found immedi…
INSIDER TRADING — Gitennes executives sell company shares
Directors and officers of Gitennes Exploration (GIT-A) were among the insiders who traded securities in recent weeks, according to the Ontario Securities Commission.J.D. Blackwell, senior officer, sol…
Trillion drills in Mozambique
Diamond drilling by partners Trillion Resources (TLQ-T) and Greenhope Resources (GRH-M) is under way at two gold properties near Manica, Mozambique.The Braganca-Chimeze property will be subjected to f…
Alta Gold gains Nevada property
Junior Alta Gold (ALTA-Q) has acquired the Excalibur gold property in western Nevada.The property, which comprises 62 unpatented mining claims, lies 20 miles southwest of the town of Mina, in Mineral …
Santa Fe builds on grassroots projects in Kazakhstan
The geologic potential of Kazakhstan has prompted Santa Fe Pacific Gold (GLD-N) to intensify efforts in the region, where it has been quietly proving up grassroots projects for the past two years.The …
Major General finds copper-zinc zone
Drilling by Major General Resources (MGJ-V) has intersected a base metal zone at the company’s property near Springdale, Nfld.The program tested an induced-polarization anomaly (which extends an addit…
Cathedral results show improvement
Figures for the first nine months of 1996 indicate an improved performance by Cathedral Gold (CAT-T).The junior earned $290,000 (or 2 cents per share) over the period, compared with a loss of $941,000…