NEWS IN BRIEF (June 24, 1996)
Multinational Resources (MUT-V) has changed its name to New Guinea Gold (NGG-V) on a 1-new-for-5-old-share basis.
Articles by Northern Miner Staff
BASE METALS SPECIAL — MIM of Australia eyes Keltic ground
Through a subsidiary, Mount Isa Mines of Australia has secured an option to earn an interest in five Panamanian properties. The properties are, in turn, held by a 60%-owned subsidiary of Western Kelti…
Index (June 24, 1996)
CareersClassified AdvertisingCommentaryDiamond PageDividendsDrillersEditorialsInvestment CommentaryMetal PricesOdds ‘n’ SodsPeopleProfessional DirectoryStock MarketsSubscriber ServiceThe Northern Mine…
Meetings (June 24, 1996)
June 24, Int’l Mining June 24, Thor ExplorationsJune 24, Timbuktu GoldJune 25, Abacus MineralsJune 25, Adex MiningJune 25, AnvilJune 25, AurexJune 25, Banner MiningJune 25, FairfieldJune 25, GoldcorpJ…
American Exchange unveils gold index
At a conference in Manhattan, the American Stock Exchange (AMEX) demonstrated an interest in the yellow metal by introducing a new index of selected gold mining companies.Known as Gold BUGS, the index…
Chesbar negotiates in Venezuela
Exploration of La Salle I, a gold property of Chesbar Resources (CBI-M) in eastern Venezuela, has been postponed until after aquisition negotiations are completed.Chesbar owns 80% of the concession an…
DIAMOND PAGE — Tabora kimberlite yields gem diamonds
Bulk sampling has revealed that the Tabora kimberlite pipe in Tanzania contains high-quality diamonds.Tan Range Exploration (TNX-A) recovered 16 high-quality gem diamonds from a 384-ton sample. The di…
Gold Funds (June 24, 1996)
Gold Funds as of June 13, 1996BGRCentralNet Value$24.27$6.52Price$18.25$6…
BASE METALS SPECIAL — Summo gears up to drill Champion
Up to 50 holes will be drilled on the Champion copper oxide property in north-central New Mexico.Summo Minerals (SMA-T) intends to test the open extension of a new oxide zone, which lies north of a dr…
BASE METALS SPECIAL — Mazenod Lake highlights Canada’s potential for Olympic Dam copper-gold deposits
They’re big, and they’ve got plenty of byproduct credits. Any company attracted to copper as a commodity has to be attracted to Olympic Dam models of mineralization. The similarity between the Canadia…
Shareholders OK Ashanti agreement
Shareholders have approved the acquisition of International Gold Resources (IGC-T) by Ashanti Goldfields (AHD-T).Ashanti has a 90% interest in the Bibiani project in Ghana, with the remainder held by …
Spanish Mountain returns gold values
Trenching on the Spanish Mountain property, in British Columbia’s Cariboo district, is returning gold values for Eastfield Resources (ETF-V), Consolidated Logan Mines (CKO-V) and Cyprus Amax Minerals …