Caledonia calculates Nama resource
Following the recent flurry of drilling on its Nama project, Caledonia Mining (CAL-T) has announced a reserve calculation for one of its cobalt-copper deposits in Zambia.The company reports a prelimin…
News
Atlas eyes polymetallic producers in Bolivia
In hopes of regaining its producer status, Atlas (AZ-N) plans to buy four mines in Bolivia.The company signed a letter of intent to acquire Arisur, a joint venture company owned by Arimetco Internatio…
Juniors eye African copper-cobalt
Zaire ‘s copper and cobalt potential will be explored by two Canadian juniors in partnership with La Generale des Carrieres et des Mines (GECAMINES).As part of a preliminary agreement with Trillion Re…
Spot prices at a glance (August 19, 1996)
Wednesday, August 14, 1996Price (US)Week’s ChangeGold*$387.10-$1.15Silver*$ 5.09…
Fairfield discovers new vein at Siwash gold property
Exploration by Fairfield Minerals (FFD-T) has led to the discovery of a new vein system 650 ft. north of, and parallel to, the main Siwash vein near Merritt, B.C.Fairfield recently completed a 49-hole…
METALS COMMENTARY — Nickel analysts glued to Baywatch
The potential impact of more than 122,000 tonnes per year of Voisey’s Bay nickel production by the turn of the century has nickel analysts focusing their attention on the small, isolated inlet on the …
Greenstone adds to mine reserves
Initial drill results from its Santa Rosa gold mine project in Panama have induced Greenstone Resources (GRE-T) to consider modifying its open-pit design.The company has begun a 10,000-metre drill pro…
BHP to manage Increible gold prospect in Venezuela
The Increible gold property of Bard Silver & Gold (BDS-V) is now being managed by Australian mining giant BHP Minerals, following the major ‘s agreement with Bard and Venezuela-based Greenwich Resourc…
DIAMOND NEWS ROUNUP — Summer program for Hoarfrost
An 8-man crew is busy exploring the Hoarfrost diamond project in the Northwest Territories.Chapleau Resources (CHI-V), which is earning a 75% interest in the claims, says crews will sample 160 anomali…
NEWS IN BRIEF (August 12, 1996)
Vega Explorations (VEGL-C) has changed its name to Verena Minerals Holdings on a 1-new-for-2-old-share basis.
Financing (August 12, 1996)
Tidal Resources — 4,500,000 Common Shs issuable upon the exercise of Special Wts previously issued @ $1.90 per Special Wt.
Correction (August 12, 1996)
In our coverage of the proposed merger between Royalstar Resources (RYQ-V) and Attwood Gold (ATW-V) (T.N.M., July 22/96), the 1.3-million oz. resource at the Tonkin Springs gold deposit was incorrectl…