Rayrock fails to get permit
The Costa Rican government has turned down an environmental impact statement (EIS) from Minera Rayrock (MRN.A-T) regarding the Bellavista gold-silver project.Minera Rayrock is now pursuing an appeal u…
News
STOCK MARKETS — TSE balloon sinks back to earth
The Toronto Stock Exchange’s TSE 300 composite index at last broke 6,000, but, having vaulted that barrier, it lost momentum and finished the trading period Nov. 27-Dec. 3 at 5,940.73, down 34.83 poin…
STOCK MARKETS — Early winter blahs weigh on western markets
The Vancouver Stock Exchange composite index slipped 9.2 points over the report period ended Dec. 3, to close at 1,145.96. The resource index, meanwhile, fell 87.57 points to 2,229.55.Alberta-listed T…
VenCan reports hot holes at Opoteca
Early results of diamond drilling on the Opoteca concession in central Honduras are providing encouragement to VenCan Gold (VCG-M)Preliminary results were obtained from the first half of an initial 2,…
THE DIAMOND PAGE — Diavik diamonds more valuable
The value of diamonds from the A-154 South kimberlite pipe at the Diavik project in the Northwest Territories has increased to US$59.30 from US$56.10 per carat.Ownership of the project, near Lac de Gr…
Spot prices at a glance (December 09, 1996)
Wednesday, December 3, 1996Price (US)Week’s ChangeGold*$370.40 – $3.55Silver*$ 4.8…
Toronto Stock Exchange Indices (December 09, 1996)
1996Dec 3Dec 2Nov 29Nov 28Nov 27HighLowComposite”…
ANNUAL REPORT REVIEW — Franc-Or drills in French Guiana
Montreal-based Franc-Or Resources (FOR-T) has begun drilling at its St.Pierre property in northwestern French Guiana.The 3,000-metre program is testing the downdip extent of the North Body structural …
Guyana Goldfields drills targets at Peters mine property
Drilling by Guyana Goldfields (GGFI-C) is testing the Peters mine gold property, a past producer in Guyana.The initial holes are testing the main shaft area, where previous operators extracted 39,000 …
ANNUAL REPORT REVIEW — Lone Star to gain all of Awak Mas
The Awak Mas gold project in Indonesia is now wholly owned by Australian-based Lone Star Exploration (LSE-V).Previously, the junior held a 45% stake in the property. It will purchase the remainder fro…
Sultan Minerals eyes lead-zinc at Jersey mine
Drilling at the former-producing Jersey lead-zinc mine, near Salmo, B.C., has identified an enriched lead-zinc dolomite horizon.Sultan Minerals (SUL-V) tested the lower Jersey horizon with four holes …
Rio Algom unveils expansion plans in Chile
In keeping with its plan to become one of the world’s largest copper producers, Rio Algom (ROM-T) is proceeding with a second phase of expansion program at its Cerro Colorado mine in northern Chile.An…