Spot prices at a glance (December 09, 1996)
Wednesday, December 3, 1996Price (US)Week’s ChangeGold*$370.40 – $3.55Silver*$ 4.8…
Articles by Northern Miner Staff
Toronto Stock Exchange Indices (December 09, 1996)
1996Dec 3Dec 2Nov 29Nov 28Nov 27HighLowComposite”…
Gold Funds (December 09, 1996)
Gold Funds as of November 28, 1996BGRCentralNet Value$22.28$6.06Price$17.20…
Cathedral drills on Porcher Island
With grid and geophysical surveying completed, Cathedral Gold (CAT-T) has begun diamond drilling at the Porcher Island gold project near Prince Rupert, B.C.To date, nine holes have been drilled for a …
Ghana Goldfields suspends drilling
The government of Ghana has suspended drilling at the Flagbase concession of Ghana Goldfields (GHN-V) pending the issue of permits by the ministry of forestry.The 5,000-metre diamond drill program was…
Bre-X, Barrick still talking as deadline expires
There was still no deal at presstime for the enormous Busang gold project in Kalimantan, Indonesia, but talks continued between Bre-X Minerals (BXM-T) and its blind date, Barrick Gold (ABX-T).Meanwhil…
ANNUAL REPORT REVIEW — McLeod pushes the art of Zen in China
Fresh from negotiating a successful buyout of Arequipa Resources, former president Catherine McLeod-Setlzer has found a new challenge: looking for minerals in China.McLeod-Setlzer was recently appoint…
ANNUAL REPORT REVIEW — Franc-Or drills in French Guiana
Montreal-based Franc-Or Resources (FOR-T) has begun drilling at its St.Pierre property in northwestern French Guiana.The 3,000-metre program is testing the downdip extent of the North Body structural …
Inco settles on site for Voisey’s Bay smelter
Nickel giant Inco (N-T) has announced that a former U.S. naval base in Newfoundland will be the site of a US$1-billion, smelting and refining complex to process concentrates from the massive nickel-co…
LME Warehouse Levels (December 09, 1996)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at Dec. 2/96 (change from previous week in brackets):Copper93,475(+3,425)Tin9,520(+105)Lead121,475(+5,100)Zinc526,975(-3,07…
Drilling extends Jean-Gobele property at depth
Partners Emerging Africa Gold (EAG-C) and West Africa Mining Exploration (SMF-M) are proving up the Jean-Gobele gold property in Guinea.In a 5-hole program, southeast of the main Gobele vein, the part…
Inmet abandons Ubina project
After completing a reconnaissance drill program, Inmet Mining (IMN-T) has terminated its option on Takla Star Resources’ (TKR-A) Ubina gold-silver project in Bolivia.The best values encountered in the…