Atlas, MSV to merge assets
Two companies with existing mines in North America have decided to join forces to create a growth-oriented company that would produce about 200,000 oz. gold by 1998.Atlas (NYSE), a Nevada-based gold p…
News
THE DIAMOND PAGE — Early results from A-418 kimberlite are adding momentum to Kennecott Canada
Drill results from the A-418 kimberlite pipe at the Diavik project in the Lac de Gras area of the Northwest Territories suggest the structure may have comparable potential to the nearby A-154 South pi…
West African drills Teleku-Bokazo property
Montreal-listed West African Mining Exploration has started a 4,000-metre program of reverse-circulation drilling on its 51.3-sq.-km Teleku-Bokazo property in Ghana.The program follows 1 km of trenchi…
Hedging survey shows high derivatives usage
A survey prepared by Price Waterhouse shows that mining companies make significant use of derivatives to create positions in the commodities of their primary and co-products.A total of 41 North Americ…
No Headline (March 11, 1996)
Adrian Resources (TSE) estimates that the Petaquilla project in Panama could produce substantial amounts of copper and gold for at least 38 years.Assuming a daily throughput of 12,000 tonnes, the open…
Golden Queen ups reserves at Soledad
Drilling at the Soledad Mountain project near Mojave, Calif., has boosted proven and probable reserves to 27.8 million tons grading 0.025 oz. gold and 0.42 oz. silver per ton.Golden Queen Mining (TSE)…
Globex and Royalstar terminate proposed Tonkin Springs deal
Based on results of a preliminary review, Globex Mining Enterprises (ME) has decided not to pursue plans to acquire Royalstar Resources’ (TSE) controlling interest in Gold Capital (NASDAQ).Gold Capita…
Westmin, Atna size up Wolverine deposit
The Wolverine deposit in the southeastern Yukon is estimated to contain 3 million tonnes grading 12.99% zinc, 1.27% copper and 1.43% lead, as well as 1.87 grams gold and 350.2 grams silver per tonne.P…
ASE seeks to clarify Naxos assays
The Alberta Stock Exchange has requested further clarification of the assaying techniques employed by Naxos Resources (ASE) at its Franklin Lake property in California.The regulatory concerns are rela…
THE DIAMOND PAGE — Guardian receives positive results from DK
Caustic fusion analysis on a portion of drill core from the DK pipe in southwestern Wyoming has yielded one macrodiamond and one micro from 91.2 kg of kimberlitic diatreme.Guardian Enterprises (VSE) r…
Metal Prices (March 11, 1996)
FREE MARKETLondon Metal ExchangeSpot closing prices in $US per tonneDateMarch 4 March 3 March 1Feb 29 Feb 28Copper2587-2590 2597-2600 2569-2572 2531-2532 2521-2523Lead757-758 772.5-773.5 767….
Chislett, Verbiski named PDAC’s top prospectors
In a year that saw Voisey’s Bay turn the eyes of the world’s mining industry toward Canada, it comes as little surprise that the men responsible for its discovery are being formally recognized by thei…