METAL PRICES — FREE MARKET (June 03, 1996)
London Metal ExchangeMidday bid-ask prices in $US per tonneDateMay 28May 27May 24May 23May 22 .Copper2567-2568Holiday2542-25452557-25582448-2450 .Lead829-830Holiday836-837 854-855 8…
News
Virginia, Diabior complete merger
The amalgamation of Virginia Gold Mines and Explorations Diabior has resulted in a new entity called Mines d’Or Virginia (VIA-M).Virginia shareholders will receive one common share of the new company …
Falconbridge joins Platinova A/S in Greenland
Platinova A/S (PAS-T) has been joined by Falconbridge (FL-T) in its quest for Voisey’s Bay-style deposits in east-central Greenland.The two companies are forming a joint venture to explore a large fee…
Pentland hits at East Wetmore
Drill-testing of the East Wetmore prospect near Timmins, Ont., has intersected gold mineralization grading up to 223.6 grams per tonne.Pentland Firth Ventures (PFO-T) drilled the holes as part of its …
NEWS IN BRIEF (June 03, 1996)
Conquest Exploration (CQX-V) has changed its name to International Conquest Exploration (ICX-V) on a 1-new-for-3-old-share basis.
NEVADA SPECIAL — Newmont prepares for second bio-oxidation test
Having completed the first large-scale batch test using bio-oxidation, Newmont Gold (NGC-N) is beginning a second test designed to improve operating techniques.The first test involved 731,000 tons of …
Kirkland Lake joint venture receiving funds
Proceeds from a private placement will enable Queenston Mining (QME-T) to explore the Kirkland Lake, Ont., joint venture, which it shares with Franco-Nevada Mining (FN-T).The placement consists of 4 m…
NEVADA SPECIAL — Goldex and Dia Met Minerals launch $4-m exploration effort
In a $4-million joint-venture program with Goldex Resources (GXR-A), Dia Met Minerals (DMM-T) will explore for gold deposits in Nevada.The program will be overseen by Dia Met Chairman Charles Fipke, t…
Fortune perseveres at Nico
Drill results at the Nico prospect in the Northwest Territories show generally low copper results, yet owner Fortune Minerals (FORM-C) is nevertheless forging ahead with a second round of drilling.The…
NEVADA SPECIAL — FirstMiss finds more gold to extend Getchell operation
While exploration at the Turquoise Ridge deposit in northern Nevada has turned up enough gold mineralization to warrant a production decision, the property’s mineral potential has yet to be fully appr…
NEVADA SPECIAL — Lago Resources acquires claims near Amax’s Sleeper gold mine
Toronto-based Lago Resources (LAGO-CDN) reports that its 10 claims in northwestern Nevada are situated in a geological environment favorable for the occurrence of epithermal gold mineralization.The la…
Namibian delegation makes pitch to Canadian mining reps
The time is now for Canadian investment in Namibia’s mineral exploration sector.That was the message delivered by a delegation of government officials and businessmen from the Southwest African nation…