Spot prices at a glance (August 12, 1996)
Wednesday, August 7, 1996Price (US)Week’s ChangeGold*$388.25+ $2.75Silver*$ 5.05…
Articles by Northern Miner Staff
METAL PRICES — FREE MARKET (August 12, 1996)
London Metal ExchangeMidday bid-ask prices in $US per tonneDateAug. 6Aug. 5Aug. 2Aug. 1July 31…
Santa Catalina intersects gold at Pilar
In Mexico’s Sonora state, Santa Catalina Mining (SLM-V) has completed a program of reverse-circulation drilling at the 5,930-acre Pilar gold property.The 3,000-metre program was directed at an area wh…
Eldorado reports gold find
Eldorado (ELD-T) has discovered a new gold zone at the Sao Bento mine in Brazil’s Minas Gerais state.The Pinta Bem discovery hole returned 0.52 oz. per ton over 8 ft. and 0.47 oz. over 4 ft. Additiona…
B.C. gov’t approves prospectors’ grants
In British Columbia, 68 prospectors have qualified for grants under the province’s Prospectors’ Assistance Program.With a budget of $500,000, the program provides recipients with up to $10,000 per yea…
Newfoundland mines ministry opens new home, and home page on Web
Newfoundland’s Department of Mines and Energy has moved into new quarters at 50 Elizabeth Ave. in St. John’s.The new mailing address is Box 8700, St. John’s, Nfld. A1B 4J6. The telephone number, (709)…
DIAMOND NEWS ROUNDUP — Royalstar and Auridiam sign deal
An exploration and development program will test the potential of Royalstar Resources’ (RYQ-V) concessions in Zimbabwe, covering an area of more than 875,000 acres.The program will be conducted by Aur…
DIAMOND NEWS ROUNDUP — Golconda samples Plumas prospect
Preliminary processing of samples taken from outcropping lamproitic tuff at the Spanish Creek prospect in Plumas Cty., Calif., confirms the presence of diamond indicator minerals.Golconda Resources (G…
Pattison funds next round at Cartaway
A private company controlled by business entrepreneur James (Jimmy) Pattison has agreed to acquire a 40% participating interest in Cartaway Resources’ (CWA-A) mineral properties in the Okak area of La…
Teuton, Minvita cut gold at Clone
Partners Teuton Resources (TUO-V) and Minvita Enterprises (MVE-V) report encouraging results from drilling at their jointly held Clone gold property near Stewart, B.C.The partners have completed 3,880…
Mining, mineral show planned for Winnipeg
Manitoba Energy and Mines will host the Manitoba Mining and Minerals Convention from Nov. 14 to 16 in Winnipeg.The event, to be held at the city’s Convention Centre, will include a properties showcase…
Hecla Mining expands Lucky Friday silver mine
Fresh from a profitable second quarter, Hecla Mining (HL-N) reports exploration success at its Lucky Friday mine in Idaho.The company has 20 intercepts in the Gold Hunter vein, 4,000 ft. northwest of …