Teck scans study on Red Chris
Having received a prefeasibility study on the Red Chris copper-gold project in northwestern British Columbia, Teck (TSE) has 90 days to decide whether or not to become operator and finance a final stu…
News
Meetings (May 13, 1996)
MEETINGSMay 20, FoxgroveMay 21, CandelaMay 21, EQ Res.May 21, First WesternMay 21, GeomaqueMay 21, HaydenMay 21, Inca PacificMay 21, Inter-Rock GoldMay 21, Redbird GoldMay 21, RegeenaMay 21, SaxonyMay…
Agnico-Eagle bullish on LaRonde results
The latest drill results from the LaRonde gold-silver-copper mine of Agnico-Eagle Mines (TSE) should soon enable the company to boost its resource estimate, says President Paul Penna.Drilling at the m…
P.T. Inco completes expansion financing
P.T. Inco now has the money to proceed with the planned expansion of its Indonesian operation.The firm, an Indonesian-based company owned 58.7% by Inco (TSE), has received from international financial…
Nevsun drills Ghanaian gold property
Under the direction of 75% owner Nevsun Resources (TSE), drills are turning on the Juabo concession in central GhanaThe concession is 40 km west of Nevsun’s Kubi concession and the Ashanti gold mine. …
Normabec gains ground in Argentina
A joint-venture agreement with a company based in Argentina will allow Normabec Mining Resources (ME) to explore for gold in that country.The agreement will allow Normabec to acquire a 75% undivided i…
Canmine tests sample from Werner Lake
Metallurgical tests are being conducted on development samples from Canmine Resources (ASE) Werner Lake property, 85 km northwest of Kenora, Ont.Four samples of drill core assayed 0.14-4.58% cobalt an…
ODDS’N’SODS — Waiting for the thaw
In 1911, the local mine in Hollinger (now Timmins), Ont., installed a pump and pumphouse on a nearby river in order to supply the town with water.A steel bridge to carry the pipeline over Fullam Creek…
GOLD FUNDS (May 06, 1996)
Gold Funds as of April 25, 1996BGRCentralNet Value$24.70$6.70Price$19.40$6.800Discount21.46%1.5%Value$193,126,000$123,075,240…
Index (May 06, 1996)
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Northern Crown explores for treasure in Sierra Madre
Subscribing to the adage that the best place to look for gold is where it has already been found, Northern Crown Mines (VSE) is exploring the bulk-tonnage potential of the historic producing Guadalupe…
Drilling planned for Alliger Lake
Partners Columbia Yukon Resources (VSE) and Silverstone Resources (VSE) are about to drill their ML 1506 claims in the Alliger Lake area of Labrador.The drilling will test electromagnetic conductors i…