PEOPLE — FALCONBRIDGE (December 30, 1996)
Oyvind Hushovd appointed president, chief executive officer and director.
News
Results from seven holes at Mac property confirm mineralization
Diamond drilling at Spokane Resources’ (SKN-V) Mac property in northern British Columbia continues to confirm and expand known molybdenite and copper mineralization, the company says.The last phase of…
METAL PRICES — FREE MARKET (December 30, 1996)
London Metal ExchangeMidday bid-ask prices in $US per tonneDateDec. 19Dec. 18Aluminium1514-1514.51499-1499.5…
Nonferrous production rates teeter during October
Canadian production rates of nonferrous metals revealed a mixed bag for October 1996.Production of refined copper, gold, silver and primary nickel was up over the same period last year.However, output…
Manitoba announces recipients of exploration funding
The Manitoba government will fund 42 provincial exploration projects to the tune of $2.5 million.The funding is part of Manitoba’s Mineral Exploration Assistance Program (MEAP), which is designed to a…
MOST ACTIVE ISSUES, Dec. 13-19
ExchgVol(000s)CloseBre-X MnrlsT1784920.90Barrick GoldT…
PEOPLE — AMCAN MINERALS
Michau Huisamen elected director.
PEOPLE — ARGOSY MINING (December 30, 1996)
Steven Potter appointed vice-president of exploration.
Nevsun outlines sizable gold resource at Tabakoto and Kubi in West Africa
Drill programs at the Tabakoto project in Mali and the Kubi in Ghana have enabled Nevsun Resources (NSU-T) to calculate preliminary gold resources of 2.7 million oz.The Vancouver-based junior, which h…
Improved markets needed for Faro
A review of the Faro mine of Anvil Range Mining (ARO-T) has recommended that the lead-zinc mine remain closed until the market for those metals improves.The review found that optimistic metal price fo…
Rea Gold acquires Brazilian project
Junior Rea Gold (REO-T) has signed a letter of intent to acquire the Pitangui gold project in Brazil.Terms of the agreement call for the company to pay owner Luxembourg-based Minorco a total of US$5.1…
Birim drills Akrokeri in Ghana
Montreal-based Birim Goldfields (BGI-T) has completed a first-phase, surface drill program at the past-producing Akrokeri gold mine in Ghana.The 4,800-ha property in the Ashanti belt is 90%-owned by B…