Gold Funds (June 24, 1996)
Gold Funds as of June 13, 1996BGRCentralNet Value$24.27$6.52Price$18.25$6…
News
BASE METALS SPECIAL — Summo gears up to drill Champion
Up to 50 holes will be drilled on the Champion copper oxide property in north-central New Mexico.Summo Minerals (SMA-T) intends to test the open extension of a new oxide zone, which lies north of a dr…
BASE METALS SPECIAL — Mazenod Lake highlights Canada’s potential for Olympic Dam copper-gold deposits
They’re big, and they’ve got plenty of byproduct credits. Any company attracted to copper as a commodity has to be attracted to Olympic Dam models of mineralization. The similarity between the Canadia…
Shareholders OK Ashanti agreement
Shareholders have approved the acquisition of International Gold Resources (IGC-T) by Ashanti Goldfields (AHD-T).Ashanti has a 90% interest in the Bibiani project in Ghana, with the remainder held by …
Spanish Mountain returns gold values
Trenching on the Spanish Mountain property, in British Columbia’s Cariboo district, is returning gold values for Eastfield Resources (ETF-V), Consolidated Logan Mines (CKO-V) and Cyprus Amax Minerals …
Royal Oak buys Nfld. gold property
By acquiring a gold property near its Hope Brook operations in Newfoundland, Royal Oak Mines (RYO-T) has secured a supply of mill feed that will take it into the next century.Royal Oak purchased the C…
Government and Ok Tedi partners reach a settlement in environmental lawsuit
A settlement has been reached in the lawsuit facing BHP Minerals and Ok Tedi Mining, an 18%-owned subsidiary of Inmet Mining, over the disposal of tailings from the companies’ copper-gold mine in Papu…
Metal Prices — FREE MARKET (June 24, 1996)
London Metal ExchangeMidday bid-ask prices in $US per tonneDateJune 18June 17June 14June 13June 12…
Paramount drilling hits snag in Argentina
Drilling difficulties at the Juramento property in Argentina’s Salta province have prompted Paramount Ventures & Finance (PVF-V) to halt work and bring in a new drill contractor.Paramount holds a larg…
Tanqueray hits titanium at Harp Lake
Drilling near Harp Lake in north-central Labrador, Tanqueray Resources (TQY-A) has hit titanium-rich rocks.The company has been drilling to test a geophysical anomaly over its wholly owned Ross Lake p…
BASE METALS SPECIAL — Plata funding work programs
Plata Mining (PMT-A) is raising funds to continue exploration work in South America.The company’s list of projects includes the Helvecia zinc prospect and Hualilan gold project, both in Argentina, and…
BASE METALS SPECIAL — Southwestern options project
A recent option agreement allows Southwestern Gold (SWG-V) to earn 100% of the Dina property situated about 75 km northeast of Copiapo, Chile.Recent surface work has indicated that a porphyry copper-g…