TVX pulls gold-copper values in Greece
Initial drill results are enabling the Greek subsidiary of TVX Gold (TVX-T) to better define the Skouries copper-gold deposit.TVX Hellas began drilling the deposit, situated in the southwestern portio…
News
Arizona Star shines at Aldebaran
Results from the Cerro Roman zone at the Aldebaran property in northern Chile confirm the zone’s potential to host a multi-million-ounce gold deposit, the joint-venture owners say.Arizona Star Resourc…
PEOPLE — VENTURES RES. (December 09, 1996)
Peter Thomson appointed chairman; R. Sheardown appointed president and chief executive officer.
NEWS IN BRIEF (December 09, 1996)
Edomar Resources (EDMA-C) has changed its name to Kazakstan Goldfields (KGFC-C) on a 1-new-for-2.6-old-share basis.
Correction (December 09, 1996)
VenCan Gold’s (VCG-M) stake in the Opoteca concession in Honduras is 90%.Incorrect information appeared in our Dec. 2 issue.
Petro and Dakota to drill Big Sandy
Partners Dakota Resources (DAK-A) and Petro Plus (PPV.A-A) will begin drilling the Big Sandy diamond claims in central Saskatchewan.By spending $500,000 over three years, Dakota can earn a half intere…
Gold Funds (December 09, 1996)
Gold Funds as of November 28, 1996BGRCentralNet Value$22.28$6.06Price$17.20…
LME Warehouse Levels (December 09, 1996)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at Dec. 2/96 (change from previous week in brackets):Copper93,475(+3,425)Tin9,520(+105)Lead121,475(+5,100)Zinc526,975(-3,07…
Inmet abandons Ubina project
After completing a reconnaissance drill program, Inmet Mining (IMN-T) has terminated its option on Takla Star Resources’ (TKR-A) Ubina gold-silver project in Bolivia.The best values encountered in the…
Quebec gov’t reports new showings
Quebec provincial geologists report new copper-nickel showings near the Lac Volant claims, northeast of Sept-Iles.The province reports nine showings in the Havre-Saint-Pierre sector, and four showings…
Cambior suspends zinc operation
Montreal-based Cambior (CBJ-T) has suspended zinc production at its Gonzague-Langlois mine, near Lebel-sur-Quevillon, Que.The temporary closure is attributed both to weak zinc prices and the need to m…
Six more pioneers inducted into Hall of Fame
The Canadian Mining Hall of Fame will induct six pioneers during its annual dinner on Jan. 22, 1997, in Toronto.The inductees will bring to 76 the number of individuals admitted to the Hall, which was…