Spot prices at a glance (March 18, 1996)
Wednesday, March 13, 1996Week’sPrice (US)ChangeGold*$397.40+$3.80Silver*$ 5.58+$0.22Platinum*$413.75+$7.40Nickel**$ 3.64+$0.19Lead**$ 0.37+$0.03Copper $ 1.18+$0.02Zinca$ 0.50…
News
Caribou mine plan gets nod
East West Caribou Mining, a unit of Breakwater Resources (TSE), has received approval from New Brunswick’s ministries of environment and natural resources to proceed with development of the Caribou an…
DIAMOND NEWS ROUNDUP — Trade Winds drills Drybones
Exploration drilling is under way at the Drybones Bay property, 50 km south of Yellowknife, N.W.T.Trade Winds Resources (VSE), which holds an option to earn an 80% interest in the property, intends to…
Employment figures kick-start western markets
Western markets managed to rebound from a 1-day drop triggered by a stronger than expected employment growth south of the border for the report period ended March 12.The Vancouver Stock Exchange resou…
Madison, Avenir plan to explore Brazilian properties
A proposed amalgamation between Consolidated Madison Holdings (VSE) and Future Avenir (CDN) will create a new junior exploration company with a focus on Brazil.Shareholders of Future Avenir will recei…
Fortune options more N.W.T. land
Fortune Minerals NWT, a unit of Fortune Minerals (CDN), has entered into an option agreement with Noranda (TSE) to earn a half interest in the Sue-Dianne copper-silver deposit in the Northwest Territo…
Moneta consolidates at Night Hawk
With both Royal Oak Mines (TSE) and Echo Bay Mines (TSE) bringing properties in the Night Hawk Lake area, east of Timmins, Ont., into production, junior explorer Moneta Porcupine Mines (TSE) has been …
DIAMOND NEWS ROUNDUP — Mink buys Niaouleni from Viceroy
The purchase of a 51% interest in the Niaouleni concession in Mali from Viceroy Resources (TSE) will give Mink Mineral Resources (VSE) full ownership of the property.Viceroy completed the earn-in of t…
NEWS IN BRIEF (March 18, 1996)
Arbor Resources (AOR:VSE) has changed its name to Klondike Gold (KG:VSE) on a 1-new-for-10-old-share basis.
DIAMOND NEWS ROUNDUP — Partners hunt indicator mineral source
Further diamond exploration is planned for the northern portion of the WO claim block, near Lac de Gras in the Northwest Territories.The claims are held 40% by Kennecott Canada, 15% by Aber Resources …
Meetings (March 18, 1996)
March 26, Classic Gold — annual, generalMarch 26, Dome Mountain — annual, generalMarch 26, Oliver Gold — annual, generalMarch 26, Wharf — specialMarch 26, Yukon Spirit — annualMarch 27, Gulfstrea…
Producer Prices (March 18, 1996)
ALUMINUM: MW U.S. market US75.5 CENTS-76.5 CENTS per lb. (Feb. 16, 1996).ANTIMONY: MW New York dealer US$1.85-1.95 per lb. (Feb. 23, 1996).BISMUTH: MW New York dealer US$3.95-4.05 per lb. (Feb. 16, 19…