News

Western markets continued to trend downward over the report period ended July 16.The Vancouver Stock Exchange composite index fell 74.3 points to 1,101.43, while the resource index slid through the 2,…

A trenching program is in progress at the joint-venture Takatu gold project in northwestern Guyana.Partners Toscana Resources (TNR-V) and Champion Resources (CHL-V) report preliminary results for tren…

Wednesday, July 17, 1996Price (US)Week’s ChangeGold*$383.65+ $0.25Silver*$ 5.00…

ExchgVol(000s)CloseTroymin ResA105482.40Arequipa ResT…

The processing of 1,874 kg of core, collected from drilling on the Drybones Bay kimberlite pipe, has yielded 25 macrodiamonds.Trade Winds Resources (TDN-V) holds the right to an 80% interest in the pr…

ExchgVal($000s)HighLowCloseChangeArequipa ResT287…

Sapphire reserves on the Lower Dry Cottonwood Creek property in Montana have increased by 21%, reports Michigan-based Gem River (GR-A).Proven and probable reserves in the Upper Meadow portion of the p…

ALUMINIUM: LME settlement US$1,471 per tonne (July 3, 1996).ANTIMONY: Composite free market, US$2,875 per tonne (July 2, 1996).BISMUTH: Composite free market US$3.50 per lb. (July 1, 1996).CADMIUM: Co…

ExchgVol(000s)CloseEssex ResV67791.80Castle RockV…

British Columbia’s provincial mine rescue and first-aid competition was held recently in Prince George.Among the winners were Fording Coal’s Greenhills operation (in the surface category), Cominco’s S…

After closing an equity-for-asset transaction with Gencor, one of South Africa’s premier mining houses, Eldorado Gold (ELD-T) has entered into a 50-50 joint venture with the mining giant to pursue an …

Drilling by Platinova A/S (PAS-T) on its Peary Land project in northeastern Greenland has resulted in the discovery of a new zone of zinc mineralization.The structure lies between a group of surface s…