MacDonald’s Golden Hill shows good potential
A gold target within MacDonald Mines Exploration’s (ASE) Golden Hill property in east-central Cuba has returned gold values, and two other targets show potential to host gold mineralization.At the Lit…
News
Meetings (April 01, 1996)
April 8, Taylor Rand — annual, specialApril 9, Aur Resources — annualApril 9, Graymar — annualApril 9, Thermal — specialApril 10, Cons Abitibi — annualApril 10, Noble Peak — specialApril 10, Ror…
First Quantum plans work in N.W. Africa
An agreement with British-based Reunion Mining gives First Quantum Ventures (VSE) the right to earn a 45% interest in a 1,688-sq.-km exploration permit in Niger.First Quantum must spend US$250,000 in …
Glamis drops option on Mexico’s Jojoba
Following completion of a 21-hole drill program on the Jojoba gold prospect in Mexico, 87 km south of Nogales, Glamis Gold (TSE) has opted to drop the property.The company held an option to earn a 75%…
GeoNova advances Quebec properties
The efforts of GeoNova Explorations (ME) in northwestern Quebec have been rewarded with an increased mineral inventory at its Desjardins gold property.The property, west of Lebel-sur-Quevillon, is now…
METAL PRICES (April 01, 1996)
FREE MARKETLondon Metal ExchangeSpot closing prices in $US per tonneDate March 26 March 25 March 22 March 21 March 20Copper 2546-2526 2529-2531 2532.5-2534.5 2562-2564 2542-2544Lead 818-823 826-8…
TSE INDICES (April 01, 1996)
= 1996 = Mar 26 Mar 25 Mar 22 Mar 21 Mar 20 High LowComposite “300” 4985.21 4967.27 4952.63 4946.74 4961.34 5066.79 3983.34Metls & Minerals 5403.84 5343.08 5335.86 5346.12 5381.70 5463.82 3273.56 I…
Redaurum recovers more diamonds
Since the start of the year, Redaurum (TSE) has sold diamonds from all four of its operating properties, resulting in an average price per carat of US$141.That figure, however, excludes the sale of an…
Gem River acquires tourmaline project
Following an agreement in principle, Gem River (ASE) will acquire Jean Boulle’s 100% interest in Maine Resources.The deal will see Boulle, co-chairman of Diamond Fields Resources (TSE), receive 500,00…
PEOPLE — ABER RES. — John Lamacraft appointed director.
ADIKANN — Barry Coughlan elected director.ALPINE EXPL. — Douglas MacQuarrie appointed director.AMERICAN BULLION — John Heathcote appointed director.BARD SILVER & GOLD — Eugene Beukman appointed di…
SME’s annual meeting breaks attendance records
New attendance records were set when more than 4,600 mining professionals gathered at the Phoenix Civic Plaza for the 1996 annual meeting and exhibition of the Society for Mining, Metallurgy and Explo…
Placer plans drilling west of Detour Lake
Placer Dome (TSE) continues to drill its Fault Lake property and other western extensions of its Detour Lake gold deposit, 220 km northeast of Timmins, Ont.The property has been optioned from Pelangio…