METAL PRICES — FREE MARKET (December 09, 1996)
London Metal ExchangeMidday bid-ask prices in $US per tonneDateDec. 3Dec. 2Nov. 29Nov. 28Nov. 27…
News
Cathedral drills on Porcher Island
With grid and geophysical surveying completed, Cathedral Gold (CAT-T) has begun diamond drilling at the Porcher Island gold project near Prince Rupert, B.C.To date, nine holes have been drilled for a …
Soquem forms new joint venture in Quebec
Quebec government-owned Soquem and Capital d’Amerique have formed a joint venture named Sodmex to invest in junior exploration companies and mining producers.Sodmex will acquire Soquem’s portfolio, wh…
Ghana Goldfields suspends drilling
The government of Ghana has suspended drilling at the Flagbase concession of Ghana Goldfields (GHN-V) pending the issue of permits by the ministry of forestry.The 5,000-metre diamond drill program was…
Exploration Brex eyes prospect in Guyana
Exploration Brex (BX.A-M) will acquire a non-alluvial diamond and gold exploration project in northeastern Guyana.The 66-sq.-mile area, at the headwaters of the Mazuruni River, is better known for its…
NEWS IN BRIEF (December 09, 1996)
Edomar Resources (EDMA-C) has changed its name to Kazakstan Goldfields (KGFC-C) on a 1-new-for-2.6-old-share basis.
Correction (December 09, 1996)
VenCan Gold’s (VCG-M) stake in the Opoteca concession in Honduras is 90%.Incorrect information appeared in our Dec. 2 issue.
Petro and Dakota to drill Big Sandy
Partners Dakota Resources (DAK-A) and Petro Plus (PPV.A-A) will begin drilling the Big Sandy diamond claims in central Saskatchewan.By spending $500,000 over three years, Dakota can earn a half intere…
Chase sells stake in T’Boli play
Junior Chase Resource (CQS-T) will not proceed with plans to acquire a 75% stake in the Philippine company that owns the T’Boli gold prospect on Mindanao Island.Chase ceased exploring the the 4,500-ha…
MOST ACTIVE ISSUES, Nov. 27-Dec. 3
ExchgVol(000s)CloseBre-X MnrlsT2195118.70Barrick GoldT…
Bre-X, Barrick still talking as deadline expires
There was still no deal at presstime for the enormous Busang gold project in Kalimantan, Indonesia, but talks continued between Bre-X Minerals (BXM-T) and its blind date, Barrick Gold (ABX-T).Meanwhil…
ANNUAL REPORT REVIEW — McLeod pushes the art of Zen in China
Fresh from negotiating a successful buyout of Arequipa Resources, former president Catherine McLeod-Setlzer has found a new challenge: looking for minerals in China.McLeod-Setlzer was recently appoint…