Asquith awaits results from Roandji
A $2-million program of exploration is testing the gold potential of the Roandji project in the Central African Republic.The 2,000-sq.-km project is held by Asquith Resources (CDN) but is operated by …
Articles by Northern Miner Staff
NEWS IN BRIEF (May 20, 1996)
International King Jack Resources (IKJ:VSE) has changed its name to Petromin Resources (PTR:VSE) on a 1-new-for-5-old-share basis.
Golden Star signs deal for Andorinhas
Golden Star Resources (TSE) has signed an agreement with Brazilian mining giant Companhia Vale do Rio Doce (CVRD) for the Andorinhas gold project.Golden Star signed the deal through its wholly owned s…
LETTER TO THE EDITOR — Hecla sets the record straight over Mexico’s Fortuna property
Enough is enough! I cannot sit back and watch a company’s reputation maligned by inaccurate reporting. Your article (T.N.M., March 11/96) reported that Hecla Mining missed what War Eagle Mining discov…
STOCK MARKETS — Junior deals strengthen western markets
The Vancouver Stock Exchange continued its impressive run, with the composite index advancing 66.44 points to finish at 1,361.01 for the report period ended May 14. The resource index soared 137.71 po…
THE DIAMOND PAGE — Trade Winds collects sample
Junior Trade Winds Resources (VSE) has recovered several tonnes of kimberlite from drilling of the Drybones Bay pipe, in which it can earn an 80% interest.Situated 50 km southeast of Yellowknife, N.W….
CDA elects board at annual meeting
The election of a new board of directors was one of the highlights for the 110 delegates who attended the 53rd annual convention of the Canadian Drilling Association, held May 1-3 at Nova Scotia’s She…
DIAMOND PAGE — Diadem Res. finds diamond fragments in California
A drill hole at Diadem Resources’ (ME) property near Leek Springs, Calif., has returned 235 diamond fragments.The fragments were recovered from samples representing 120 ft. of lamproite between 36 and…
GREATEST VALUE TRADED, May 8-14
Value($000s)HighLowCloseChangeDiamond Flds T171056$42.9541.8041.90-0.75Inco Ltd T166066$47.7046.3046.45-0.60Cartaway Res A151534$16.503.2513.25+9.65BRE-X Mnrls T102894$216….
Gold Funds (May 20, 1996)
Gold Funds as of May 9, 1996BGRCentralNet Value$25.81$6.76Price$20.45$6.900Discount20.77%2.1%Value$201,788,000$124,885,170…
STOCK MARKETS — Despite drop in price golds hold steady
After a slight 1-day drop, the Toronto Stock Exchange climbed higher over the period ended May 14, with the TSE composite 300 finishing the week at a record 5206.59 for a gain of almost 40 points, or …
Spot prices at a glance (May 20, 1996)
Wednesday, May 15, 1996Week’s Price (US)ChangeGold*$391.85-$1.80Silver*$ 5.40-$0.08Platinum*$402.25-$4.00Nickel**$ 3.64-$0.17Lead**$ 0.38-0.01Copper$ 1.24-$0.05Zinc$ 0.47-$0…