THE GLOBAL SEARCH FOR GOLD SPECIAL — NEWS IN BRIEF (September 02, 1996)
Verena Minerals Holdings amalgamated with Verena Minerals Corporation (VMCO-C) and continue to use the name Verena Minerals Corporation (VMCO-C).
News
THE GLOBAL SEARCH FOR GOLD SPECIAL — Eldorado laying groundwork for expansion
Determined to become a 500,000-oz.-per-year producer in five years and a 1-million-oz. producer in 10, Eldorado Gold (ELD-T) is bent on expanding its base of operations throughout the world.In just th…
GOLD FUNDS (September 02, 1996)
Gold Funds as of August 22, 1996BGRCentralNet Value$24.27$6.58Price$18.90…
William buys U.S. mining contractor
The BLM Service Group owned by William Resources (WIM-T) has acquired a Utah-based mining contractor, Centennial Development, thereby broadening its mining services.Centennial will be the contracting …
THE GLOBAL SEARCH FOR GOLD SPECIAL — Gold projects in Java attract renewed interest
About 100 million people live in Java — more than in any of Indonesia’s other islands — and this population density makes it difficult for mining companies to secure properties there. (By comparison…
THE GLOBAL SEARCH FOR GOLD SPECIAL — Companies weigh risks of mining in former USSR
While only a handful of North American mining companies are operating mines in the former Soviet Union, many more are exploring the vast territory in search of projects with production potential.”The …
METAL PRICES — FREE MARKET (September 02, 1996)
London Metal ExchangeMidday bid-ask prices in $US per tonneDateAug. 27Aug. 26Aug. 23Aug. 22Aug. 21…
DIAMOND NEWS ROUNDUP — Lytton, Pure Gold team with Ashton
Ashton Mining of Canada (ACA-T) can earn a 51% interest in the JC claim block in the Northwest Territories.Ownership of the JC block, 120 km north of Lac de Gras, is split equally between Lytton Miner…
MSV reports loss in second quarter
With the shutdown of the Eastmain mine behind it, MSV Resources (MSV-M) is striving to return the company to profitability.The company reported a second quarter loss of $940,138 for the period ended J…
Results add lustre to Santa Anna property
The outlook for the Santa Anna gold deposit in northwestern Quebec looks increasingly rosy as drilling continues.Altavista Mines (AIA-M), owner of the project, recently hit 111 intersections grading m…
NEWS ROUNDUP — Highwood merges with Mountain
Juniors Highwood Resources (HWD-T) and Mountain Minerals (MIM-T) are merging to create a company specializing in industrial minerals and specialty metals.As a result of the merger, shareholders of Mou…
Feasibility study wrapped at Somboon
The initial feasibility study for Asia Pacific Potash’s (APQ-T) Somboon Field deposit in Thailand has been submitted.Situated on a 2,333-sq.-km concession in the northeastern part of the country, Somb…