Int’l Pursuit chasing Filipino mineralization
Drilling by International Pursuit (TSE) continues to test the Hinoba-an copper project 600 km southeast of Manila, on the Philippine island of Negros.While initial progress has been slow, the principa…
News
Index (August 21, 1995)
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STOCK MARKETS — Voisey Bay players still calling the shots
Investor interest in the Voisey Bay discovery has been adding excitement to western markets for almost six months. It’s not surprising, then, that much of the initial enthusiasm is beginning to fade.N…
MSV Res. offers shares for Cache
To accelerate development of the Corner Bay copper deposit, MSV Resources (ME) has offered to merge with Cache Explorations (ME) by exchanging one share of MSV for four of Cache.MSV says the merger wo…
Rift, Echo Bay bid on Ethiopian mine
The mining company owned by the Ethiopian government is being approached to sell its Legadembi open-pit gold mine in Sidamo province.A recent bid was placed jointly by Rift Resources (VSE) and Echo Ba…
Gold Funds (August 21, 1995)
Gold Funds as of August 15BGRCentralNet Value$17.99$6.60Price$14.00$6.375Discount22.16%3.4%Value$140,616,000$115,383,038…
Magma Copper basks in record earnings
Continuing its winning ways, Magma Copper (NYSE) unveiled results for its second consecutive record-breaking quarter.The company earned US$54.4 million (or 86 cents per share) for the period, compared…
Spot prices at a glance (August 21, 1995)
Wednesday, August 16Week’sPrice (US)ChangeGold*$384.10-$0.40Silver*$5.36 $0.00Platinum*$420.70-$2.05Nickel**$4.09+$0.06Lead**$0.28$0.00Copper $1.39+$0.02Zinca$0.46 $0….
DIAMOND NEWS ROUNDUP — Storimin drilling for diamonds near Yellowknife, N.W.T.
Drilling is set to begin on diamond claims belonging to Storimin Exploration (ASE) in the Northwest Territories.Initial plans call for testing certain promising anomalies for the occurrence of kimberl…
R&D firm unveils new gold bioleaching process
A biochemical process developed by a firm based in Bozeman, Mont., is showing potential as an inexpensive, clean alternative to cyanidation in gold extraction.Yellowstone Environmental Science is deve…
Mincor acquiring gold property
The government of Mozambique has licensed Mincor Resources, (ASE) to explore the Niassa concession, in northern Mozambique.The 173-sq.-km concession produced about 240,000 ounces of gold in 1994, from…
Gold report published in U.S.
The U.S. Bureau of Mines has published a 197-page report on the outlook for gold mining throughout the world.The publication features an in-depth discussion on geology, gold reserves, and mining and t…