Noveder sells Nugget Pond stake to Richmont
Rouyn-Noranda, Que.-based junior Noveder (ME) has signed over its 40% interest in the Nugget Pond gold project to partner Richmont Mines (TSE).Situated on Newfoundland’s Baie Verte Peninsula, Nugget P…
News
Spot prices at a glance (January 15, 1996)
Wednesday, January 10, 1996Week’s Price (US)ChangeGold*$396.75+$6.25Silver*$ 5.54+$0.19Platinum*$415.85+$9.85Nickel**$ 3.42+$0.08Lead**$ 0.31$0.00Copper $ 1.18-$0.07Zinca$ 0.4…
Portugal beckons joint venture
A newly formed joint venture will explore a Portuguese property underlain by the famous Iberian Pyrite Belt.The partners include Auspex Minerals (VSE), Cumberland Resources (VSE), International Vestor…
Canmex plans drilling program for Mexican properties
With its initial public offering now complete, Canmex Minerals (VSE) will launch drill programs on its two main Mexican properties in the second quarter.The company issued 2 million shares at $1 each,…
Devil’s property tempts Petro Plus to drill
Drill results from the Devil’s property in Saskatchewan have prompted owner Petro Plus (ASE) to plan drilling for next summer.Results to date have shown consistent values over minable widths. The 1996…
Timbuktu Gold busy in Mali
Alberta-listed Timbuktu Gold has gained a gold property in Mali, West Africa.The company, formerly known as Choice Software Systems, bought a 32-sq.-km package of gold concessions from British-based A…
Band-Ore to focus on gold properties in Northern Ontario and Quebec
With an additional $408,000 in its coffers, Band-Ore Resources (CDN) plans to explore three properties in northern Ontario and Quebec.The bulk of the funds, raised in a flow-through share financing, w…
Yamana drills targets in Argentina
Drill results from the Microonda epithermal gold property in Argentina are proving consistently encouraging for Yamana Resources (TSE) and Noranda Mining & Exploration (a unit of Toronto-listed Norand…
Detector funds exploration program
Detector Resources (ASE) has raised $332,300 from two private placements. The first placement, comprising 626,875 shares at 16 cents each, garnered the company $100,300; the second, comprising 1.2 mil…
Cortex drills copper property in Utah
Utah-based Cortex Mining & Exploration (OTC) has completed reverse-circulation drilling on its Beaver Lake-Rocky copper project near Milford, Utah.The junior drilled 10 holes, consisting of 3,000 ft.,…
Cambior to acquire half of Gross Rosebel
Cambior (TSE) intends to acquire the half interest that Denver-based Golden Star Resources (TSE) holds in the Gross Rosebel gold project in Suriname.Since signing the option agreement in June 1994, Ca…
Columbia Yukon to begin drilling in Labrador
With $5 million in preliminary exploration work completed, Columbia Yukon Resources (ASE) is eager to begin drilling on 12 claim blocks in the Nain-Okak Inlet area of Labrador.Three of the claim block…