Archangel intersects kimberlite in Russia
Drilling on the Verkhotina project in northwestern Russia has intersected a kimberlite pipe for Archangel Diamond (VSE).The pipe appears to be on a structure distinct from that which controls the five…
News
Tournigan cashes up
A private placement will raise up to $6.97 million for International Tournigan (VSE).The placement includes up to 3.1 million special warrants at $2.25 each, with each special warrant convertible at n…
Golden Heart drilling program proves fruitful for juniors
The first phase of a drill program on the Golden Heart property in northern Saskatchewan has yielded favorable results.The project is shared by Tyler Resources (TSE), with 50%, Golden Rule Resources (…
Cominco to sell interest in Snip mine
International Skyline Gold (TSE) has reached a tentative agreement to acquire Cominco’s (TSE) 60% interest in the Snip underground gold mine in northwestern British Columbia. The purchase price is $55…
Reading our stock trading tables (March 04, 1996)
A comprehensive listing of weekly stock quotations for mining securities is provided by The Northern Miner. To assist readers who often know the name of the stock but not the exchange on which it trad…
Mongolia Gold updates feasibility on Bumbat
Mongolia Gold Resources (VSE) reports that the Bumbat gold project in Mongolia is expected to generate cash flow of US$7.4 million from revenue of US$33.9 million in just over two years.Mongolia opera…
NEWS IN BRIEF (March 04, 1996)
Arbor Resources (AOR: VSE) has changed its name to Klondike Gold (KG:VSE) on a 1-new-for-10-old-share basis.
Eastmain cuts zinc, gold at Akweskwa property
Drill results at the Akweskwa property of Eastmain Resources (CDN) have revealed that zinc mineralization exists alongside the gold previously discovered.Hole 95-05 intersected bedded pyrite-sphalerit…
Meetings (March 04, 1996)
March 11, Int’l TME — annual, generalMarch 11, McNickel — annual, generalMarch 11, Pan Pacific Gold — annual, generalMarch 12, Ellios — annual, generalMarch 12, Espalau — annual, generalMarch 12,…
Chase adds to its holdings in Philippines
An agreement with Philippine-based Allah Copper Porphyry gives Chase Resource (TSE) the right to earn a 75% interest in the Allah property on south-central Mindanao Island.The Allah property adjoins C…
Spot prices at a glance (March 04, 1996)
Wednesday, February 28, 1996Price (US)Week’s ChangeGold* $397.70-$0.80Silver*$ 5.46-$0.09Platinum*$408.00-$9.50Nickel**$ 3.59-$0.14Lead**$ 0.35-$0.01Copper $ 1.15+$0.02Zinca$…
STOCK MARKETS — VSE composite index breaks record
Fueled by the resource sector, the Vancouver Stock Exchange composite index broke through the 1,000-point barrier for the first time since June, 1994.The composite index closed the report period ended…