Bema finances more work at Aldebaran
A $10-million financing will enable Bema Gold (TSE) to conduct additional drilling on the Aldebaran property in Chile.Brokers First Marathon, Nesbitt Burns and Yorkton Securities purchased 2 million s…
News
PEOPLE — AMERICAN COMSTOCK — L. Howard Nichol appointed director.
NEWS IN BRIEF (April 29, 1996)
Otis J. Exploration (OJ:VSE) has changed its name to Sedex Mining (SDN:VSE).
McGill to feature seminar on mineral project evaulation
As part of its ongoing series of professional seminars, the department of Mining and Metallurgical Engineering at McGill University in Montreal will host a 6-day course on the techniques and applicati…
Cortez partners increase stake in Royal Gold
The joint venture that operates the South Pipeline gold project in Nevada’s Crescent Valley has increased its hold on Royal Gold (NASDAQ).The Cortez joint venture, a partnership between Placer Dome (T…
GREATEST VALUE TRADED, April 17-23
Value($000s)HighLowCloseChangeDiamond Flds T188273$40 3/839 1/240 1/4….Barrick Gold T150504$41 1/84041-1/8Placer Dome T146120$38 5/837 1/438 1/4-1/8Inco Ltd T131530$45 5/…
DIAMOND PAGE — Samples from Diavik pipe confirm grade
The results of an underground bulk sample taken from the A-154 South pipe at the Diavik diamond project continue to confirm an earlier mini-bulk drill sample.The project, situated in the Northwest Ter…
Aur picks up option on Chilean gold property
Vancouver-listed Southern Rio Resources has dealt Aur Resources (TSE) an option to earn 75% of its Patagonia gold property, which straddles the boundary between Chile and Argentina.Aur can earn a 60% …
ODDS’N’SODS — Shock treatment
The Paymaster gold mine near Timmins, Ont., started up in the 1920s but ceased operation shortly thereafter and remained closed until 1933, when the yellow metal was valued at upwards of $35 per oz.Th…
Province beefs up prospector program
The government of Ontario will contribute an additional $2 million to the Ontario Prospector Assistance Program (OPAP).Under the program, Ontario’s 5,000 licensed prospectors can qualify for assistanc…
ASE halts trading of Timbuktu
The Alberta Stock Exchange has halted trading of Timbuktu Gold (ASE) after drill results from its Sitakili property in Mali sent the company’s stock price into orbit.Assays from two of 17 reverse-circ…
Voisey’s Bay Regal Goldfields to explore for base metals in Cape Breton
CDN-listed Regal Goldfields has acquired a 51% interest in a 40-sq.-km property in western Cape Breton Island, N.S. and has started reconnaissance exploration for base metal sulphide deposits.The prop…