Gold Funds (January 08, 1996)
Gold Funds as of December 28, 1995BGRCentralNet Value$17.59$6.54Price$13.63$6.000Discount22.53%8.3%Value$137,504,000$108,595,800…
Articles by Northern Miner Staff
STOCK MARKETS — Rising resource index adds cheer to new year
Western markets rang in the new year on a positive note, with the Vancouver Stock Exchange resource index climbing more than 33 points to 1,292.05.The composite index also gained ground, closing the r…
Goldstake options property in Java
An Indonesian company has dealt Goldstake Explorations (TSE) an option to earn an 80% interest in two gold-silver properties on the island of Java.The properties, 120 km southeast of Jakarta, were sub…
Metal Prices — FREE MARKET (January 08, 1996)
London Metal ExchangeSpot closing prices in $US per tonneDateJan. 2 Jan. 1Dec. 29 Dec. 28 Dec. 27Copper2805-2810N/A2795-27972890-28952844-2846Lead696-697N/A714-715711-712719.5-720.5Z…
Gold Reserve increases resource
New calculations by Gold Reserve (TSE) have increased the estimated gold resource at the Brisas concession in the Kilometre 88 region of southern Venezuela.The estimate jumped to 4.1 million from 3.6 …
Freewest deals options on New Brunswick plays
Freewest Resources (TSE) has closed its office in Bathurst, N.B., but exploration on at least three of its holdings in that province will continue in other hands.Inmet Mining (TSE) is earning a 60% in…
Meetings (January 08, 1996)
MEETINGSJan. 15, Adamas Jan. 15, Amarc Res. Jan. 15, Atcor Jan. 15, AGF Jan. 15, Amarc Jan. 15, Kuma Jan. 16, Blue Regal Jan. 16, Emerald Isle Jan. 16, Pacific Golden Spike Jan. 17, Ecuadorian Jan. 17…
Troymin, Butec drilling Hawk Ridge
Joint-venture partners International Butec Industries (VSE) and Troymin Resources (ASE) have started drilling their Hawk Ridge copper-nickel prospect in the Ungava region of northern Quebec.The compan…
Gossan to drill Kiskitto targets
Seeking to expland its inventory of titanium mineralization, Gossan Resources (VSE) has started ground magnetic surveys and winter road construction at its Kiskitto Lake property in northern Manitoba,…
Cumberland, Comaplex calculate inventory for Meadowbank
The original resource estimate for the Meadowbank project in the Northwest Territories has tripled to greater than 800,000 oz. gold.The project is operated by Cumberland Resources (TSE), which has a 6…
Investment Commentary — Manson Creek cited for its potential
The exploration potential of the Parker Lake property, 80 miles northwest of Rankin Inlet, N.W.T., gives Canaccord Capital reason to repeat its recommendation that investors buy a piece of Manson Cree…
Homestake buys stake in producer
Homestake Mining (NYSE) will acquire a piece of Orion Resources from Ranger Minerals.The U.S.-based mining giant will buy 5.5 million shares in the Perth-based producer for US$10.4 million and acquire…