The Vancouver Stock Exchange composite index closed up 12.63 points at 1,191.02 for the report period ended Jan. 14, while the resource index finished at 2,264.75, off 11.99 points.Trade Wind Resource…
The Toronto Stock Exchange’s composite 300 index rose 1.8% during the trading period Jan. 8-14, hitting a record high of 6054.86. The previous record was 6018.65, set on Nov. 28, 1996. It was the sixt…
A $425,000 exploration program is under way at the Balsam base metal property in the Hanson Lake area of northern Saskatchewan.The project is a 50-50 joint venture between Aur Resources (AUR-T) and Tr…
ALUMINIUM: LME settlements US$1,590.50 per tonne, alloy $1,508 per tonne (Jan. 14/97).ANTIMONY: Composite free market, US$2,350 per tonne (Jan. 14/97).BISMUTH: Composite free market US$3.25 per lb. (J…
Drilling at Timbuktu Gold’s (TBT-A) Sitakili gold concession in Mali is set to begin, while a meeting to change the company’s name has been postponed.The Calgary-based junior has contracted Boart Long…
Wednesday, January 15, 1996Price (US)Week’s ChangeGold*$352.45- $3.35Silver*$ 4.65…
Junior Meridian Peak Resources (MRK-V) is forming a subsidiary to explore for gold in India.Although the formation of Meridian Minerals India (MMI) is still subject the the approval of Indian regulato…
The Pachon project in Argentina has received both a statistical and logistical boost.A new calculation by Cambior (CBJ-T) has augmented the proven and probable reserve total by 28%, to 882 million ton…
Assays from five infill holes at the Agua Rica porphyry deposit in Argentina continue to confirm earlier results.Situated in Catamarca province, the deposit is being explored by a 30-70 joint venture …
John McAdam appointed vice-president of exploration.
Philip Walsh appointed president, chief executive officer and director.
In a response to a second bid from Newmont Mining (NEM-N), Santa Fe Pacific Gold (GLD-N) has agreed to sit down and begin negotiations about a business combination between the two companies.Newmont of…
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