NEWS ROUNDUP — Guardian studies Wolf in B.C.
Prospecting work on the Wolf claims in the Eskay Creek area of northwestern British Columbia is providing encouragement to Guardian Enterprises (VSE).Examination of a strong, electromagnetic conductor…
News
Brazilian, William exploring in Brazil
Two junior companies have joined forces to acquire and develop advanced stage gold and gem properties in Brazil. Brazilian Resources (CDN) and William Resources (TSE) have entered into a joint venture…
NEWS ROUNDUP — Triton shares shuffled in deal
A group of investment dealers led by Midland Walwyn Capital will acquire 1.5 million common shares of Triton Mining (TSE) from Repadre Capital (TSE).The acquisition price is $6.5 million, pursuant to …
Antares trenching at Lady Lina
Trenching on the Lady Lina gold property in Zimbabwe has uncovered oxide mineralization over a strike length of 110 metres.Antares Mining & Exploration (TSE) completed five trenches in an effort to te…
Greenstone busy in Latin America
Southern-oriented Greenstone Resources (TSE) predicts that, within the next few years, it will be operating three Latin American gold mines. What’s more, each mine will have reserves in excess of 1 mi…
NEWS IN BRIED
Consolidated Gold Vessel Resources (CGS:VSE) has changed its name to Golden Bear Minerals (GB:VSE) on a share-for-share basis.
BHP drills ground near Matagami
BHP Minerals Canada is carrying out additional drilling on Southern Africa Minerals’ (TSE) Cabre base metal property near Matagami, Que.Previous drilling delineated two massive sulphide zones with a r…
MABC launches awareness campaign
The Mining Association of British Columbia will launch a “mining awareness” campaign.The program will publicize important contributions that the mining industry makes to the provincial economy.As part…
Gateway opens to Russian prospects
In March, 1996, about 20,000 visitors from the Commonwealth of Independent States, together with representatives of major mining companies from around the world, are expected to converge in Russia’s c…
METALS COMMENTARY — Metals markets relax in summer
The annual summer doldrums are having a mixed effect on metals markets, with producers waiting out the holiday shutdown period and metal prices varying from strong to weak.Some speculators, who desert…
Echo Bay sells stake in Muscocho
Denver-based Echo Bay Mines (TSE) has sold its entire equity interest in Muscocho Explorations (TSE).The senior sold 11.5 million shares privately at 25 cents each for proceeds of $2.9 million. The sh…
Grassroots grants allocated in B.C.
Grants have been allocated to 68 prospectors under the British Columbia government’s Prospectors’ Assistance program.The grants are part of the Explore B.C. program, announced in this year’s provincia…