METAL PRICES — FREE MARKET (September 16, 1996)
London Metal ExchangeMidday bid-ask prices in $US per tonneDateSept. 10Sept. 9Sept. 6Sept. 5Sept. 4…
News
Huge gem diamond found at Kelsey
The largest diamond ever recovered in Colorado was recently pulled from the Kelsey Lake mine of Redaurum (RRK-T).The 28.3-carat stone is the fifth-largest diamond ever found in North America (the larg…
Meridian, Dee settle legal dispute
A unit of Meridian Gold (MNG-T) and Dee Gold Mining, a unit of Rayrock Yellowknife Resources (RAY-T), have settled a land dispute related to their neighboring gold mining operations in Nevada’s Carlin…
Oliver firms up Zimbabwean prospect
Junior Oliver Gold (OGO-V) reports encouraging diamond drill results from the first 47 metres of the initial hole on its Ipanema prospect in Zimbabwe.Results have been received from intersections at h…
Newmont wins control of Latin America’s largest gold mine
Mining giant Newmont Gold (NGC-N) has won a majority interest in Latin America’s largest gold mine.A Peruvian court has ruled that Newmont and Compania de Minas Buenaventura have the right to acquire …
NEWS IN BRIEF (September 16, 1996)
Bristol Explorations (BTL-V) has changed its name to Afrasia Mineral Fields (AFS-V) on a 1-new-for-2-old-share basis.
Toronto Stock Exchange Indices (September 16, 1996)
1996Sept 10Sept 9Sept 6Sept 5Sept 4HighLowComposi…
EDITORIAL — An unfair advantage
Almost every major discovery in the past decade — from the Eskay Creek gold deposit in British Columbia and diamonds at Lac de Gras to the Voisey’s Bay nickel-copper-cobalt deposit in Labrador — has…
Junior partners hit nickel-copper values in Labrador’s Okak South region
Narrow intercepts with some strong nickel-copper-cobalt values have been found in core from the NOT No. 3 property in the Okak South region of Labrador.The property, shared equally by Noront Resources…
Golden Bear Minerals announces placement to fund global exploration
Vancouver-based Golden Bear Minerals (GB-V) has announced a private placement to fund property work and repay loans.The company will place up to 5 million special warrants at $1.60 each. Each special …
Teck gets piece of Donner Resources
One of the biggest players in the Labrador exploration scene has caught the eye of a major producer.Teck (TEK-T) has agreed to finance exploration work on the South Voisey’s Bay project of Donner Reso…
ODDS’N’SODS — Mucking at the Aunor
Most English-speaking countries refer to the blasted rock of mining operations as “muck,” regardless of whether the rock is ore or waste.As the capacity of mills increased, a large percentage of mine …