Spot Gold, Silver, Platinum and Palladium prices
Gold … London Bullion Dealers afternoon (morning) $US per oz.394.35(394.35)394.20(395.00)396.35(396.70)398.70(398.60)400.35(400.00)Gold … Bank of Nova Scotia, noon bid/ask $US per oz.392.00-…
News
Clarification (April 08, 1996)
A story on the Golden Hill property in Cuba (T.N.M. April 1/96) neglected to mention that companies other than MacDonald Mines Exploration (ASE) are involved in the project. MacDonald is operator of t…
Drilling tests Schumacher property
The re-interpretation of drill cores from the Schumacher property east of Timmins, Ont., suggests the claim group may host two sets of flat-lying veins, in addition to the nearly vertical, east-striki…
Hecla hits high grade in Idaho
Four drill holes testing the expansion of Hecla Mining’s (NYSE) Lucky Friday silver mine have intersected high-grade silver mineralization beneath the adjacent Gold Hunter mine. Both projects are in t…
Cobalt the focus of conference
The Marlborough Hotel in London, England, will play host to the 1996 Cobalt Conference from May 22 to 23.Organized by the Cobalt Development Institute, the conference will explore new markets, product…
Voisey Bay Res. in Indonesia
Voisey Bay Resources (VSE) will buy a 24.5% interest in four Indonesian gold properties held by Minorca Resources (ME).As consideration, it will pay US$2 million and 500,000 of its shares.Three of the…
STOCK MARKETS — Resource stocks left behind as TSE climbs
Gold producers and base-metal miners lost ground over the report period ended April 2, while the Toronto Stock Exchange composite index moved past the 5,000-point mark. The TSE 300 composite index gai…
Eastfield and Prism plan work in Nevada
Partners Eastfield Resources (VSE) and Prism Resources (VSE) have bought the Three Hills project in Nevada.The companies paid Coeur Exploration US$320,000 for the property, which, when combined with t…
Trivalence gains ground in W. Africa
Junior Trivalence Mining (VSE) has set its sights on a former-producing alluvial diamond mine in Guinea, West Africa.The company intends to acquire all the shares of privately owned First City Mining,…
PEOPLE (April 08, 1996)
ABACUS MINERALS — Ken Thornsen appointed director.ACE DEVELOPMENTS — Jacek Pawlowski appointed vice-president of finance and chief financial officer.ATNA RES. — Lukas Lundin appointed director; Nan…
Princeton gets nod for Huckleberry
Princeton Mining (TSE) has received federal approval to proceed with development of the Huckleberry open-pit copper mine near Houston, B.C.Princeton is developing the mine in concert with a consortium…
Exall buys stake in Hislop-Beatty
A final feasibility study at the Hislop-Beatty gold property near Matheson, Ont., has prompted Exall Resources (TSE) to buy a 60% interest from Hemlo Gold Mines (TSE).The remaining 40% is held by Glim…