PEOPLE — TENAJON (December 16, 1996)
D.B. McLeod appointed president and chief executive officer; and Donald McLeod appointed chairman.
News
METAL PRICES — FREE MARKET (December 16, 1996)
London Metal ExchangeMidday bid-ask prices in $US per tonneDateDec. 10Dec. 9Dec. 6Dec. 5Dec. 4…
Etruscan gains majority stake in Koma Bangou
Junior Etruscan Enterprises (EET-V) has completed its requirements to earn a 67% interest in the Koma Bangou gold property in Niger, West Africa.The company earned the interest by producing a feasibil…
Orion reports hot assays from Argentina
Four holes drilled on the massive Agua Rica porphyry deposit in northwestern Argentina seem to have confirmed the presence of copper-rich areas.Northern Orion Explorations (NNO-T) reports that the dri…
Int’l Northair inks Minas deal
The Mexican subsidiary of Battle Mountain Gold (BMG-N) will acquire a majority interest in the Minas property in Veracruz state.Situated 270 km east of Mexico City, the property is held by the Mexican…
Goldcorp takes over Wharf Res.
Toronto-based Goldcorp (G.A-T) has completed its takeover of subsidiary Wharf Resources (WFR-T).Goldcorp now holds 18.6 million common shares (or 96.8%) of Wharf and intends to acquire the remainder.W…
Northern Crown drills in Mexico (December 16, 1996)
Initial drill results from the Guadalupe de los Reyes property in northern Mexico are confirming continuity of gold-silver mineralization in the Main zone, reports Northern Crown Mines (COB-V).Initial…
Platinova launches Peary Land study
A prefeasibility study is planned for the Peary Land zinc project in northeastern Greenland.In late September, Platinova (PAS-T) completed a 6,400-metre delineation drill program in a 42-hole program….
Tombstone drills Venezuelan gold
At the Valle Hondo project in Venezuela, Tombstone Explorations (TSO-T) is working to define a new zone of gold mineralization intersected in the Apanao zone.Previously reported hole 33 returned 48 me…
River makes progress at Edwards
The first underground assays from the Edwards mine of VenCan Gold (VCG-M) reveal grades similar to those indicated by drilling.River Gold Mines (RIV-T) has completed more than 240 ft. of sill drifting…
Highlands rebuffs takeover bid by Placer
Placer Dome (PDG-T) has been rebuffed in its attempt to take over Highlands Gold, the Papua New Guinea-based company that owns 25% of the Porgera gold mine.The major offered US$340 million (or A70 cen…
Farallon hits pay dirt at Campo Morado
At its Campo Morado property in Mexico, Farallon Resources (FAR-V) has uncovered a new, metals-rich massive sulphide deposit.Dubbed South Naranjo, the deposit was discovered during a drill campaign on…