Rex exposes diamond-bearing fissure at Ardo
Toronto-based Rex Diamond Mining (CDN) says it has exposed a new diamond-bearing fissure that could double production at its Ardo mine in South Africa.The company says the fissure, which is more than …
News
Swayze belt heats up
Two Vancouver-based juniors have been adding to their land holdings in the Swayze volcanic belt, south of Timmins, Ont.Haddington Resources (VSE) has acquired a property in Horwood Twp., in the northw…
LATIN AMERICAN SPECIAL — Bolivia’s mineral wealth attracts companies
Bolivia has long been known for its mineral wealth, and, in recent years, the country’s relative political stability has resulted in an influx of junior exploration and development companies.The count…
Philippine tailings spill rains on Placer’s parade
It rained, then poured on Placer Dome (TSE) in the first quarter, as production shortfalls at some of its gold mines were followed by a tailings spill in the Philippines.The spill at the San Antonio c…
Companies (April 22, 1996)
INDICESREG SECTIONAfriOreAmax GoldAshanti GldfldsAshtn Mg of CdaAteba MinesAtlasAur ResourcesBarrick Res.BHP MineralsBlack Swan GldBotswana DmndfdBre-X MineralsBresea Res.Canada Tungsten…
Canquest to drill its Microgold property
Junior Canquest Resource (VSE) is gearing up to explore prospective ground in British Columbia. In addition to acquiring three precious metals and polymetallic properties, the company has an option to…
Ontario geologists seek to expand registration drive
More than 250 Ontario geologists have applied for membership in the Association of Geoscientists of Ontario (AGO), formed earlier this year to provide a framework for professional registration of geol…
Bre-X calculation expands Busang resource
A resource calculation for part of the Southeast zone at Bre-X Minerals’ (ASE) Busang deposit has added another 9 million oz. to the project’s potential gold resource, which now stands at 24.9 million…
Juniors finding east Timmins camp attractive
Exploration and development programs around Night Hawk Lake, 25 km east of Timmins, Ont., have junior companies flocking to the area.Moneta Porcupine Mines (TSE) has a long-established land position i…
Spot prices at a glance (April 22, 1996)
Wednesday, April 17, 1996Week’s Price (US)ChangeGold*$391.40-$3.15Silver*$ 5.31-$0.15Platinum*$401.75-$4.25Nickel**$ 3.69+$0.09Lead**$ 0.37-0.01Copper $ 1.17+$0.04Zinca$ 0.47…
Cata Preta drilling fuels trading in Black Swan Gold
The latest drill results from the Cata Preta property in Brazil’s Minas Gerais state have generated a flurry of trading activity in Black Swan Gold Mines (VSE).The trading interest related to complete…
Ashanti moves to merge with Golden Shamrock Mines
As part of a strategy to become the world’s fifth-largest gold producer, Ashanti Goldfields (NYSE) has proposed another merger — this time with Australia’s Golden Shamrock Mines (TSE).The deal would …