Int’l Tournigan hits solid gold grades in Ghana
A 22-hole drill program at the Riyadh concession in southwestern Ghana has confirmed gold mineralization in a vein structure 2.6 km long.International Tournigan (ITG-V) is spending $2.5 million to exp…
News
ODDS’N’SODS — Close calls in Colombia
Thirty years ago, it was not uncommon for geologists and miners to engage in job-hopping. A new employer, however, was no guarantee of improvement.From 1964 to 1969, I was in charge of a U.S Geologica…
Quebec juniors ready for removal of North Shore staking ban
With the staking ban expected to be lifted soon, a host mining companies is poised to converge on the area near Lac Manitou on Quebec’s North Shore.In August, while carrying out a mapping program in t…
NEWS IN BRIEF (September 30, 1996)
Rockwealth International Resource (RWR-V) has changed its name to Strathmore Resources (SMR-V).
LETTER TO THE EDITOR — Safety assured at Brunswick division
I am writing in response to the article “Noranda curtails output of zinc at Brunswick mine” (T.N.M., Sept. 9/96) which indicates that the safety of the Brunswick mine has been called into question.Pro…
THE DIAMOND PAGE — White Swan Res. lands in Africa
Saskatchewan-based White Swan Resources (WSL-A) has found a new habitat in Sierra Leone, West Africa.By acquiring an 85% interest in three companies based in the country, the company has secured a 1,6…
STOCK MARKETS — Resource stocks take shine to Evening Session
The Vancouver Stock Exchange composite index finished the report period ended Sept. 17, up 13.66 points at 1,229.2, while the resource index rose 10.35 points to close at 2,357.16.The VSE became the f…
Greenstone secures Bonanza
Greenstone Resources (GRE-T) will boost to 100% from 80% its interest in the private Nicaraguan corporation Hemco-Nicaragua.Hemco-Nicaragua owns the Bonanza, Siuna and Rosita mining concessions, all o…
Gold Reserve drills Las Brisas in Venezuela’s Km 88 district
By drilling outside the area of known mineralization, Gold Reserve (GLR-T) has located three significant finds at its Las Brisas gold deposit in the Kilometre 88 region of Venezuela.The program focuse…
METAL PRICES — FREE MARKET (September 23, 1996)
London Metal ExchangeMidday bid-ask prices in $US per tonneDateSept.17Sept.16Sept.13Sept.12Sept.11…
American Gem loses big in quarter
Sales of sapphires mined by American Gem (GEM-T) were not sufficient to offset losses incurred in the second quarter.American Gem lost US$1.75 million in the 3-month period ended June 30 (or US6 cents…
Asquith finds gold, plans drilling
Soil sampling on Asquith Resources’ (ASQH-C) Roandji property in the Central African Republic has identified a large gold anomaly.Two percussion drills operating on the Agoudou Manga prospect outlined…