PEOPLE — FARALLON RES. (February 12, 1996)
Robert Hunter appointed chairman and director; J. Villagran Ochoa appointed vice-chairman and director; Robert Dickinson appointed chief executive officer and director; David Jennings appointed presid…
News
Crown takes greater share in Solitario Res.
Toronto-listed Crown Resources has acquired, through a private placement, another piece of Solitario Resources (TSE).Crown paid $3.6 million to buy 1.57 million units of the smaller company at $2.31 p…
GOLD FUNDS (February 12, 1996)
Gold Funds as of Febuary 1, 1996BGRCentralNet Value$21.58$7.06Price$18.75$7.250Discount13.11%2.7%Value$168,715,000$131,219,925…
FINANCING (February 12, 1996)
Cumberland — 2,100,000 shs, each consisting of one Common Sh and one Common Sh Purchase Wt, issuable upon the exercise of previously issued Special Wt @ $2.00 per sh.Kinross Gold — 7,000,000 shs @ $…
Spot prices at a glance (February 12, 1996)
Wednesday, Febuary 7, 1996Week’sPrice (US)ChangeGold*$414.75+$11.55Silver*$ 5.82+$0.30Platinum*$431.00+$12.75Nickel**$ 3.80-$0.04Lead**$ 0.35+$0.01Copper $ 1.17$0.00Zinca$ 0….
STOCK MARKETS — Rising gold price ignites western markets
Gold’s surpassing the US$410 per-oz.-level lit a fire under Western markets, sending the Vancouver Stock Exchange resource index up over 240 points to 1,789.18 during the report period ended Feb. 6.Th…
Armistice private placement approved
Armistice Resources (ME) has completed a private placement of flow-through shares, raising $810,000 for exploration drilling and development at its Sheldon-Larder gold property east of Kirkland Lake, …
Minorca Res. gets two CoWs
Minorca Resources (ME) will join with Indonesian-based PT Askatindo Karya Mineral to develop properties held by the latter in that country.Two of the Contracts of Work are on the island of Kalimantan,…
Copper Rand drilling confirms new resources
Seven more exploration holes have been drilled at depth in the Copper Rand mine near Chibougamau, Que., and owner MSV Resources (TSE) describes the results as “most promising.”MSV embarked on a drill …
Tax freeze key to future investment
In a measure designed to stimulate investment activity and create jobs in the mining sector, the Ontario government has frozen all taxes and fees relating to the industry.The Mining Land Tax has been …
DIAMOND NEWS — Namco finds diamonds off Namibian coast
Stepout sampling by Namco (VSE) off the coast of Namibia has uncovered diamonds in all 16 locations.The company took samples at 10-metre stepouts from the five discovery holes drilled in the sea floor…
Indomin adds to Indonesian holdings with two new acquisition gold projects
Junior Indomin Resources (VSE) has applied to expand its gold exploration in central and west Kalimantan.The two new applications cover about 255,000 hectares and host numerous alluvial gold showings….