Sutton recalculates Kabanga resource
A revised calculation has improved the resource at Sutton Resources’ (VSE) Kabanga nickel project in Tanzania.Using a nickel cutoff grade of 0.7% and the results of a recent drill program, the resourc…
News
Production set for April 1998 — Royal Oak prepares for Kemess construction
Following the recent resolution of certain permitting matters, Royal Oak Mines (TSE) is free to proceed with construction of the Kemess gold-copper project in British Columbia.The Project Approval Cer…
Arequipa Res. advances tunnels at Pierina
A tunnel driven by Arequipa Resources (TSE) into a hillside at the Pierina gold project in north-central Peru has returned a consistent grade of 4.78 grams gold and 154 grams silver per tonne over a l…
COMMENTARY — PDAC program teaches schoolchildren the basics of mining
Patricia Dillon is a senior geologist at Teck Exploration and chairman of the Education Committee of the Prospectors & Developers Association of Canada (PDAC). She has written the following article at…
Canada to help fund democratic initiatives in African nations
Canada will contribute $2.2 million to a fund established to support democratic development in Africa.The Democratic Development Fund, which is designed to provide election support, will be disbursed …
GREATEST VALUE TRADED (May 06, 1996)
Inco Ltd T166947$46 3/44546+1/2Diamond Flds T159597$42 3/840 1/841 7/8+1 1/2Placer Dome T151717$38 1/237 1/837 7/8-1/4Barrick Gold T125254$41 7/840 3/441 3/4+5/8BRE-X Mnrls…
STOCK MARKETS — Western markets hit record highs
Western markets continued to advance at a breakneck pace over the report period ended April 30 with both the Vancouver Stock Exchange resource and composite indices hitting new 52-week highs.The resou…
American Mineral raises $30 million
Arkansas-based American Mineral Fields (VSE) has raised $30 million to acquire, explore and develop mining properties worldwide.Through a private placement, American issued 4 million special warrants …
Spot prices at a glance (May 06, 1996)
Wednesday, May 1, 1996Week’s Price (US)ChangeGold*$391.00-$0.10Silver*$ 5.33+$0.01Platinum*$400.50-$2.75Nickel**$ 3.56-$0.05Lead**$ 0.370.00Copper $ 1.21+$0.01Zinca$ 0.46-$…
TSE INDICES (May 06, 1996)
1996 Apr. 30 Apr.29 Apr. 26 Apr. 25 Apr. 24HighLowComposite”300″5146.475152.385147.765132.095116.315154.323983.34Metals&Minerals 5493.105542.135526.275476.125461.305552.883273.56Integra…
Queenston, Franco-Nevada acquire Inco ground near Kirkland Lake
A land package exceeding 100 sq. km in area has been assembled by Queenston Mining (TSE) and Franco-Nevada Mining (TSE) in the Kirkland Lake area of northeastern Ontario, and the two companies plan to…
McLellan sells Canada to international investors
Canadian mining companies hold interests in more than 2,700 properties spanning 99 countries around the world. Anne McLellan, minister of Natural Resources Canada, wants to lure those companies back h…