Bre-X cements “strategic alliance”
As two Indonesian companies and their Australian backer dispute the title to its Busang gold deposit, Bre-X Minerals (BXM-T) has moved to cement a relationship with a powerful friend.Bre-X and spinoff…
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Gen. Minerals hits high grade
General Minerals (GNM-T) has encountered a previously unknown zone of high-grade massive sulphide mineralization while drifting at the Huang Shui Gou copper-gold project in China.The dipping structure…
Bema, Arizona Star drill Cerro Casale project
The latest deep drilling results from the Cerro Casale project at the Aldebaran property in northern Chile continue to confirm the grade and continuity of the main sulphide gold-copper porphyry body l…
Nelson Gold halts operations
Mining and milling operations at the Jilau mine in Tajikistan have been halted for the second time this year, pending resolution of an impasse between operator Nelson Gold (NLG-T) and the Tajikistani …
Spot prices at a glance (November 04, 1996)
Wednesday, October 30, 1996Price (US)Week’s ChangeGold*$380.30- $3.65Silver*$ 4.83…
Santa Fe gets nod to expand Lone Tree
The U.S. Bureau of Land Management has approved the proposed expansion of the Lone Tree gold mine southwest of Winnemucca, Nev.Santa Fe Pacific Gold (GLD-N) may now extend the mine’s main pit into Sec…
Centurion strikes gold in eastern Utah
Salt Lake City-based Centurion Mines (CTMC-Q) has cut significant gold and silver mineralization in sedimentary rocks at its Kings Canyon property in east-central Utah,Drill hole 10 encountered minera…
Testing boosts resource at Pirquitas deposit
Sunshine Mining & Refining (SSC-N) has received encouraging results from preliminary metallurgical testing at its Pirquitas silver-tin deposit in Argentina.Early results indicate that silver recoverie…
INSIDER TRADING — Bre-X Minerals insiders cash in stock options
Directors and senior officers of Bre-X Minerals (BXM-T) were among the mining executives who reported trades to the Ontario Securities Commission during the past month.Vice-president T.S. McAnulty sol…
Goldtex Res. drilling Nevada properties
Junior Goldtex Resources (GXR-A) plans to spend $2.8 million on 50,000 ft.of drilling to test 10 gold properties in Nevada.A total of 11 targets will be drill-tested, while, at the same time, geochemi…
Companies tie up ground near Sept-Iles
Base metal producer Noranda (NOR-T) and St. Genevieve Resources (SGV-T) have signed a letter-of-intent agreement on the Lac l’Aigle property near Sept-Iles, Que.The 123-claim property is north-northea…
Similco expands under Princeton
Additional mineralization found by Princeton Mining (PMC-T) at the Similco copper mine in British Columbia will be included in a new mine plan.The best results from an ongoing first phase of drilling …