Spot prices at a glance (June 24, 1996)
Wednesday, June 19, 1996Week’sPrice (US)ChangeGold*$386.00+$1.50…
News
BASE METALS SPECIAL — Ivan copper mine reaching design capacity
Production rates and profits are climbing at the Ivan copper mine operated by Minera Rayrock (MRN-T), shareholders were told during the annual meeting in Toronto.The Chilean mine produces cathode copp…
STOCK MARKETS — VSE gets jitters in wake of selloff
Western markets remain nervous in the wake of the sell-off that lopped more than 10% from Vancouver indices in the space of a few days during the first week of June.Share prices continued their slide …
Merger will form industrial/specialty mineral producer
Mountain Minerals (MIM-T) and Highwood Resources (HWD-T) will merge to form a Calgary-based industrial producer with advanced specialty metals and rare-earth deposits.Mountain Minerals is a producer o…
Cepeda hits gold in S. Carolina
At the joint venture property it shares with Cominco (CLT-T), Calgary-based Cepeda Minerals (CMM-V) has intercepted high-grade gold mineralization.The first hole of a program at the Buzzard target in …
STOCK MARKETS — Copper crisis ripples through TSE
It’s not unusual to see the resource stocks outperform a rising market. But this week, market watchers got to see a bear market that didn’t find its tastiest dinner in the resource sectors.The Toronto…
New zone and higher resource for Gold Reserve
A new gold zone at Gold Reserve’s (GLR-T) Las Brisas concession in the Kilometre 88 region of Venezuela has increased the deposit’s resource estimate.A third phase of infill drilling, on 50-metre spac…
Joint venture drills gold targets in Nevada’s Tonopah camp
With the first stage of exploration well under way, partners Prism Resources (PRN-V) and Eastfield Resources (ETF-V) have begun drilling on the Tonopah gold properties in Nevada.A reverse-circulation …
Troymin funds work at Hawk Ridge
A $4.5-million financing will allow Troymin Resources (TYR-A) to continue drilling on various properties, including the Hawk Ridge copper-nickel project in Quebec’s Ungava region.Drilling will begin s…
Mispec expands Indonesian holdings
By acquiring two new properties on the island of Java, Mispec Resources (MPE-M) has solidified its land position in Indonesia.The junior can acquire a 65% interest in the Jampang East and Pongkor prop…
Tapestry options Labrador claims from Falconbridge, plans program
Vancouver-based Tapestry Ventures (TPV-V) will option the Florence Lake property of Falconbridge (FL-T).The 430-claim property is in the Florence Lake area of Labrador, 150 km southeast of the Voisey’…
Cyprus and Roxmark drill at Geraldton camp
Cyprus Canada, a unit of Cyprus Amax Minerals (CYM-N), has completed drilling on the Key Lake property of Roxmark Mines (RMK-T), near Geraldton, Ont.Cyprus is evaluating this and other, nearby propert…