NEWS IN BRIEF (August 19, 1996)
Golden Gram Resources (GRA-M) has been listed for trading on the Montreal Exchange. The company holds an option on the Desjardins gold property in northwestern Quebec.
News
GOLD FUNDS (August 19, 1996)
Gold Funds as of August 8, 1996BGRCentralNet Value$23.35$6.50Price$18.15$…
Great Lakes pours first gold
The latest Mexican gold producer is Great Lakes Minerals (GKM-T), whose Lluvia de Oro mine poured its first gold in mid-May.Situated in Sonora state, the open-pit, heap-leach operation is expected to …
Drilling proves up Holloway JV
Four drill holes on the Holloway joint venture of Battle Mountain Canada (BMC-T) and Teddy Bear Valley Mines (TBV-T) have intersected gold mineralization both in the Lightning zone and 5-30 metres to …
Alta doubles earnings for quarter
With excellent drill results reported from the Olinghouse deposit in Nevada, Alta Gold (ALTA-N) enjoyed a spectacular second quarter.For the 3-month period ending June 30, the company reported a 44% i…
Agua Rica project proceeds to feasibility
Northern Orion Explorations (NNO-T) has reported encouraging results from the first three holes drilled on the Agua Rica copper-gold project in Argentina.The drilling, which is focusing on the Mi Vida…
Crown Butte swaps New World for federal assets
After lengthy negotiations with the U.S. government, Crown Butte Resources (CBL-T) has agreed in principle to a land exchange that would block further development of the US$100-million New World gold …
Arequipa intensifies drilling as Barrick waits
Junior Arequipa Resources (AQP-T) has stepped up its drill program in the hope that more geological information will help directors and shareholders assess the takeover offer from Barrick Resources (A…
Ming Financial buying into Labrador yttrium deposit
Vancouver-based Ming Financial (MF-A) plans to acquire the Strange Lake yttrium property in northwestern Labrador from Iron Ore Co. of Canada (IOC).An agreement-in-principle calls for Ming to finance …
Mixed results from Aldebaran
Mixed results were returned from the latest round of deep drilling on the Cerro Casale deposit at the Aldebaran gold property in northern Chile.The property is held 49% by Bema Gold (BGO-T), with the …
DIAMOND NEWS ROUNDUP — Program tests Beniah property
Exploration is under way at the Beniah Lake diamond property in the Lac de Gras region of the Northwest Territories.Sanfred Resources (SND-V) is conducting an airborne geophysical survey to identify m…
Oliver’s infill drilling verifies gold find in Mali
Results from infill drilling confirm that the Main zone of the Segala project in Mali contains a large gold resource, reports Oliver Gold (OGO-V).To date, Oliver and partner CMC (West Africa) have com…