Agreement signed for New Burgin
Chief Consolidated Mining (CFCM-Q), Akiko Gold Resources (AKI-V) and a U.S.subsidiary of Korea Zinc have formed a joint venture to develop the New Burgin deposit in Utah.The deal transfers a half inte…
News
Rio announces modifications to Argentine copper-gold project
With construction 40% complete, the Bajo de la Alumbrera project in western Argentina is about to undergo some changes.Operator Minera Alumbrera plans to install a gravity circuit designed to recover …
COMMENTARY — The golden age of technology
By any measure, we live in a golden age of technology — an age in which orbiting satellites tell us the temperature of the earth and measure the gaps in the ozone layer; an age in which a student, at…
EDITORIAL — The search for accountability
In the wake of every tragedy comes the inquiry into what went wrong, why things went wrong and who, if anyone, might be responsible. In the case of the Westray disaster in Plymouth, N.S., where, on Ma…
Princeton keeps head above water during second quarter
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…
GREATEST VALUE TRADED, July 31-August 6
ExchgValue($000s)HighLowCloseChangeDiamond FldsT1…
Spot prices at a glance (August 12, 1996)
Wednesday, August 7, 1996Price (US)Week’s ChangeGold*$388.25+ $2.75Silver*$ 5.05…
METAL PRICES — FREE MARKET (August 12, 1996)
London Metal ExchangeMidday bid-ask prices in $US per tonneDateAug. 6Aug. 5Aug. 2Aug. 1July 31…
Santa Catalina intersects gold at Pilar
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 reports gold find
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…
B.C. gov’t approves prospectors’ grants
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 mines ministry opens new home, and home page on Web
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)…