New mining bill receives royal assent
Bill 26 schedule 0 (amendments to the Mining Act) has received royal assent and became effective on Jan. 31, 1996.This affects the reopening time for restaking unpatented mining claims which forfeit u…
News
Decimal trading set to start in April
Canadian stock exchanges will begin decimal trading on April 15, in a move designed to increase liquidity on the market. All five exchanges are making the change on the same date.Shares priced above $…
GOLD FUNDS (February 05, 1996)
Gold Funds as of January 25, 1996BGRCentralNet Value$20.13$7.01Price$17.25$7.125Discount14.32%1.6%Value$157,406,000$128,957,513…
NEWS IN BRIEF (February 05, 1996)
Jazzman Ventures (IJV: VSE) and Oro Belle Resources (ORS:VSE) have amalgamated. The company name will remain Oro Belle Resources (ORS:VSE).
Index (February 05, 1996)
REGULAR DEPARTMENTSCareersClassified AdvertisingDiamond DrillersDiamond NewsDividendsEditorialsInsider TradingInvestment CommentaryMetal PricesNew HorizonsNews RoundupOdds `n’ SodsProfessional Directo…
Drill program enhances potential of Bre-X’s Southeast gold zone
Drill results from the Southeast zone at Bre-X Minerals’ (ASE) Busang discovery in Indonesia point to a rich deposit of gold mineralization.The company believes the 250 metres between fencelines SEZ-4…
STOCK MARKETS — Western markets kept afloat by resource issues
Western markets continued to push ahead over the report period ended Jan. 30. The Vancouver Stock Exchange composite index added 21.5 points to close at 886.79, while the resource index rolled upwards…
STOCK MARKETS — Golds, metals add momentum to TSE
Golds and base metals continued to lead the charge as the Toronto Stock exchange smashed previous records and gained 123.73 points (2.5%) for the report period ended Jan. 30. The TSE 300 composite ind…
Teck subsidiary options Northair ground
The Mexican subsidiary of Teck (TSE) will earn a 51% interest in the Lachatao property of International Northair Mines (VSE).Situated in Oaxaca state, the property covers most of a major, historical g…
Emperor lands Grass Valley permit
Junior Emperor Gold (VSE) has secured a permit enabling it to dewater and explore the Idaho-Maryland mine in Grass Valley, Calif. The Nevada Cty. Planning Commission approved the permit following seve…
Getty prevails in court battle with Gold Standard
The outcome of a longstanding court battle against Getty Oil is not in favor of Utah-based junior Gold Standard (NASDAQ). The verdict is in, and the company will not receive the US$404 million awarded…
Teck and Aussie partner apply for CoW
Eager to add to its ground position in Indonesia, Teck (TSE) has applied for new Contracts of Work (CoW) and will make security deposits totalling US$7.5 million.Teck and Australian partner Meekatharr…