GREATEST VALUE TRADED (October 28, 1996)
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Articles by Northern Miner Staff
STOCK MARKETS — Resource stocks slip-sliding away
The Vancouver Stock Exchange composite index continued its slide during the week of Oct. 16-22, falling 46.14 points to close at 1,109.97. The resource index lost 88.75 points to finish at 2,146.Borne…
Rex sets up exploration arm
A newly established exploration arm of Rex Diamond Mining (RXD-T) will send a team to Sierra Leone to investigate the company’s kimberlite and alluvial prospects.Rex Exploration Division, supported by…
TSE INDICES (October 28, 1996)
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Programs planned for McWatters and Maude Lake
With a development program under way at its namesake mine near Rouyn-Noranda, Que., McWatters Mining (MCW.A-M) also plans to spend $3 million to bring the Maude Lake gold project near Matheson, Ont., …
Queenstake awaits results from Chupaca property
At the Chupaca project in the Ancash region of central Peru, Queenstake Resources (QTR-V) has completed the final three diamond drill holes of a 6-hole program.The project is on a structural trend, 2….
CaribGold outlines resource in Cuba
Drilling on the Camaguey concession in Cuba indicates to CaribGold Resources (CG-T) that its Beatriz prospect contains a geological resource of 1.1 million tonnes grading 4.73 grams gold per tonne.The…
MEXICO AND CENTRAL AMERICA — Silver Standard gains new Mexican project
Silver Standard Resources (SSO-V) has acquired its fourth Mexican silver project, in the Gulf Coast state of Veracruz.Comprising 84 ha, the Morelense property lies 150 km east-southeast of the port ci…
Cepeda finds high-grade gold in South Carolina
Alberta-based Cepeda Minerals (CMM-V) has discovered a pocket of high-grade gold mineralization at its Buzzard property in South Carolina.The company encountered near-surface gold grades in eight of t…
Westmin acquires Gibraltar Mines
In a takeover move, Westmin Resources (WMI-T) has acquired Gibraltar Mines (GBM-T) by buying some 30.6 million (92.4%) of its outstanding common shares.The deal is worth an estimated $307 million.West…
Gold output slips at Albino mine in Venezuela
Delays in mill modifications are taking their toll on 1996 production levels at the Albino gold mine in Venezuela.Vancouver-based Crystallex International (KRY-T) reports that the open-pit mine is exp…
Alta Gold expands Olinghouse
Summer drilling has confirmed the presence of a new deposit at the Olinghouse gold property in northern Nevada.Alta Gold (ALTA-Q) reports that 50 of the 68 holes drilled in an area known as Green Hill…