A third phase of drilling is under way at the Atkinson gold project near Detour Lake, Ont., a joint venture between Prism Resources (PRN-V) and Better Resources (BRZ-V).This stage will include 11 hole…
A $3-million financing has boosted to $7 million the amount of funds available to Fairstar Explorations (FFR-M) for exploration in Canada and West Africa.The junior has earmarked $1.9 million for expl…
The lure of Angolan diamonds has proved temptingfor SouthernEra Resources (SUF-T). The company, which already has diamond projects in Canada and South Africa, has secured the rights to four alluvial d…
Geological mapping by Diagem International Resource (DGM-V) is under way at a newly acquired project in the Juina diamond camp of Brazil’s Mato Grosso state.The land package covers 11,000 ha in the ce…
South African judges have ended a longstanding legal dispute between Namibian Minerals’ (NMR-T) and Benco related to a diamond-mining venture off the coast of southern Africa.The country’s Supreme Cou…
Encouraging results are reported from the Fern Elizabeth gold property of Mimiska Mining (MMS-M).Assays from the Zephyr zone include: 0.5 metre of 7.33 grams gold per tonne, 1.5 metres of 8.95 grams, …
Norway and Indonesia may be on opposite ends of the earth, but junior Blue Emerald Resources (BER-V) is of the view that both countries offer significant potential for new discoveries.The junior has a…
The first hole drilled by Noble Peak Resources (NPK-A) at the Worcester gold project in South Africa’s Barberton greenstone belt has intersected gold mineralization.The hole returned 0.31 metre gradin…
Metal stocks (in tonnes) held in London Metal Exchange warehouses at Nov.25/96 (change from previous week in brackets):Copper96,125(-6,075)Tin9415(+180)Lead116,375(+1600)Zinc530,050(-4,700)Alu…
Gold Funds as of November 21, 1996BGRCentralNet Value$22.82$6.16Price$18.35$6.350Discount19.60%Premium3.1%Value$169,597,000$114,930,555…
W. Clarke appointed chairman; Antonio Papa appointed president, chief executive officer and director; John Perrone appointed director and treasurer; Kenneth Adessky appointed director and secretary; D…
Donald Huston appointed director.
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