Namco finds more diamonds in Namibia
Bulk sampling off the coast of Namibia is expected to lead to commercial production by early 1997 for Namco (VSE).The average value of diamonds recovered from the Luderitz Bay Grant is US$206 per cara…
News
OLS picnic aims to attract geodetic professionals
The geodetic committee of the Association of Ontario Land Surveyors has scheduled its second annual picnic for Sept. 28.The event, to be held at the University of Toronto’s Erindale College in Mississ…
GOLD FUNDS (April 15, 1996)
Gold Funds as of April 4, 1996 BGR CentralNet Value $23.88 $6.78Price $18.25 $7.000Discount 23.58% 3.2%Value $183,203,000 $126,695,100…
Minnesota to sell mining leases
The Minnesota Department of Natural Resources has tentatively scheduled the state’s 21st sale of exploration and mining leases for metallic minerals for July or August.The areas under consideration fo…
Alta Gold announces lower year-end reserves
The gold reserves of NASDAQ-listed Alta Gold dropped to 778,000 oz. in 1995 from nearly 1 million oz. the year before. Nevertheless, President Robert Pratt says “the [current] reserves establish a fou…
Meetings (April 15, 1996)
April 15, All-North — annual, generalApril 15, Bonanza Red Lake — annual, specialApril 15, Campbell — annualApril 15, Eldon — annual, generalApril 15, Morgain — annual, general, specialApril 15, …
PRODUCER PRICES (April 15, 1996)
ALUMINUM: MW U.S. market US76-77 cents per lb. (March 22, 1996).ANTIMONY: MW New York dealer US$1.85-2.00 per lb. (Feb. 29, 1996).BISMUTH: MW New York dealer US$3.90-4.05 per lb. (Feb. 29, 1996).CADMI…
General Minerals drills Chilean porphyry system
Drill-testing of a copper-molybdenum porphyry system has wound down at General Minerals’ (TSE) Vizcachitas property, 80 km northeast of Santiago, Chile.In a previous drill program, all five holes enco…
Sutton board thrashes it out over African assets
Engaged in a public battle for control of Sutton Resources (VSE), management has completed a special warrants financing, to the tune of $22 million.Proceeds will be used to develop the Bulyanhulu gold…
Wayside boosts stake in Cariboo
A purchase agreement will give International Wayside Gold Mines (VSE) a 100% interest in the Cariboo Gold Quartz Mine property near Wells, B.C.The company already owns half of the property and will bu…
Mispec starts exploration at Java gold property
The Jampang gold project in Java, Indonesia, is being explored by Mispec Resources (ME).The property comprises 7,700 hectares, within which substantial surface exploration has been carried out. Initia…
Golden Quail firms up its gold project in San Bernardino Cty.
Junior Golden Quail Resources (VSE) has completed infill drilling on its 50%-owned gold property in San Bernardino Cty., Calif., and more drilling is planned.The recent program consisted of 11 reverse…