Kenrich prepares to drill Corey property
A $1.4-million drilling and exploration program is set to begin on the Corey property in northwestern British Columbia.Kenrich Mining (VSE), which owns the 83,000-acre property, will drill 40 holes in…
Articles by Northern Miner Staff
FINANCING (April 15, 1996)
International CanAlaska — 5,720,000 common shs and 2,600,000 sh purchase wts issuable upon exercise of 5,200,000 special wts @ $1.00 per special wt.
THE DIAMOND PAGE — De Beers to prospect in Angola
Following the conclusion of negotiations with the government of Angola and the country’s state-owned diamond company, Endiama, De Beers has been awarded diamond prospecting rights to three areas.De Be…
THE DIAMOND PAGE — Ashton discovers new kimberlite at Cross
Spring drilling at the Cross property in the Northwest Territories’ Slave province has encountered kimberlite.Ashton Mining of Canada (TSE) made the find while drilling the second hole at the Orion in…
Spot prices at a glance (April 15, 1996)
Wednesday, April 10, 1996Week’sPrice (US)ChangeGold*$394.55+$0.75Silver*$ 5.46-$0.05Platinum*$406.00+$0.75Nickel**$ 3.60-$0.04Lead**$ 0.38+0.02Copper $ 1.13$0.00Zinca$ 0.48+…
Gibraltar nets labor contract at B.C.’s McLeese Lake Mine
An agreement with the union at the McLeese Lake mine in central British Columbia provides mine owner Gibraltar Mines (TSE) with a new 3-year labour contract.The agreement was ratified by a 72% majorit…
METAL PRICES (April 15, 1996)
FREE MARKETLondon Metal ExchangeSpot closing prices in $US per tonneDate April9 April 8 April 5April 4 April 3Copper 2485.5-2487.5Holiday Holiday2488-2490 2478.5-2480.5Lead 835.5-837.5Holid…
Goldcorp to sell Geomaque shares
Toronto-listed Goldcorp is considering selling all of its investment in Geomaque Explorations (TSE).According to a Goldcorp release, the timing and method of the sale, if it occurs, will depend on mar…
New zone found at Lac Pusticamica property in Quebec
Partners Freewest Resources Canada (TSE) and Murgor Resources (ME) have discovered a new gold zone on the Lac Pusticamica property in Quebec’s Benoist Twp.A drill hole intersected gold mineralization …
NEWS IN BRIEF (April 15, 1996)
Remington Creek Resources (RCR:VSE) has changed its name to Grayd Resource (GYD:VSE) on a 1-new-for-3-old-share basis.
STOCK MARKETS — Golds and base metals occupy bright spot
Gold and base-metal issues rose last week, bucking the overall downward trend on the Toronto Stock Exchange. For the period April 3-9, the TSE 300 composite index fell fractionally, losing 17.46 point…
Golden Bear mine prepares to reopen
The Golden Bear mine in northwestern British Columbia is poised to reopen this summer, following a positive feasibility study for a proposed heap-leach operation.The study, which was conducted on the …