In the second quarter of 1996, Princeton Mining (PMC-T) posted a profit of $276,000, down from the $2 million the company earned for the same period in 1995.Revenue was $18.8 million, up from $12.3 mi…
ExchgValue($000s)HighLowCloseChangeDiamond FldsT1…
Wednesday, August 7, 1996Price (US)Week’s ChangeGold*$388.25+ $2.75Silver*$ 5.05…
London Metal ExchangeMidday bid-ask prices in $US per tonneDateAug. 6Aug. 5Aug. 2Aug. 1July 31…
In Mexico’s Sonora state, Santa Catalina Mining (SLM-V) has completed a program of reverse-circulation drilling at the 5,930-acre Pilar gold property.The 3,000-metre program was directed at an area wh…
Eldorado (ELD-T) has discovered a new gold zone at the Sao Bento mine in Brazil’s Minas Gerais state.The Pinta Bem discovery hole returned 0.52 oz. per ton over 8 ft. and 0.47 oz. over 4 ft. Additiona…
In British Columbia, 68 prospectors have qualified for grants under the province’s Prospectors’ Assistance Program.With a budget of $500,000, the program provides recipients with up to $10,000 per yea…
Newfoundland’s Department of Mines and Energy has moved into new quarters at 50 Elizabeth Ave. in St. John’s.The new mailing address is Box 8700, St. John’s, Nfld. A1B 4J6. The telephone number, (709)…
An exploration and development program will test the potential of Royalstar Resources’ (RYQ-V) concessions in Zimbabwe, covering an area of more than 875,000 acres.The program will be conducted by Aur…
Preliminary processing of samples taken from outcropping lamproitic tuff at the Spanish Creek prospect in Plumas Cty., Calif., confirms the presence of diamond indicator minerals.Golconda Resources (G…
A private company controlled by business entrepreneur James (Jimmy) Pattison has agreed to acquire a 40% participating interest in Cartaway Resources’ (CWA-A) mineral properties in the Okak area of La…
Partners Teuton Resources (TUO-V) and Minvita Enterprises (MVE-V) report encouraging results from drilling at their jointly held Clone gold property near Stewart, B.C.The partners have completed 3,880…
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