Bresea enters joint ventures
The pace of land acquisition in Indonesia appears to be picking up, as more and more Canadian companies strike deals in this latest hot spot of exploration.One company, Bresea Resources (ME), recently…
News
BHP, Northern Orion find copper-gold-moly resource in Argentina
After only one year of exploration, the Agua Rica project in the Argentine province of Catamarca is emerging as a copper-gold-molybdenum deposit of immense proportion.The property is held under option…
KWG backs Cuban project of Joutel
Toronto-listed KWG Resources will buy 8 million units of Joutel Resources (TSE) at 40 cents per unit, for proceeds of $3.2 million.Each unit in the private placement consists of one subordinate voting…
Alta discovers more gold at Kinsley mine in Nevada
Not only has drilling confirmed the existence of more gold at the Kinsley mine of Alta Gold (NASDAQ); the new mineralized system may represent the most significant gold find in eastern Nevada in recen…
Etruscan moving to feasibility on Koma Bangou
The recent coup d’tat in Niger has not prevented Etruscan Enterprises (VSE) from advancing to the feasibility stage at its Koma Bangou gold project.Work on the 170-sq.-km project is proceeding smooth…
International trend evident at 13th Cordilleran Roundup
The annual Cordilleran Geology and Exploration Roundup in Vancouver once again featured an international session, reflecting what is now seen as a permanent change in focus for the Canadian mining ind…
New mining bill receives royal assent
Bill 26 schedule 0 (amendments to the Mining Act) has received royal assent and became effective on Jan. 31, 1996.This affects the reopening time for restaking unpatented mining claims which forfeit u…
Decimal trading set to start in April
Canadian stock exchanges will begin decimal trading on April 15, in a move designed to increase liquidity on the market. All five exchanges are making the change on the same date.Shares priced above $…
GOLD FUNDS (February 05, 1996)
Gold Funds as of January 25, 1996BGRCentralNet Value$20.13$7.01Price$17.25$7.125Discount14.32%1.6%Value$157,406,000$128,957,513…
NEWS IN BRIEF (February 05, 1996)
Jazzman Ventures (IJV: VSE) and Oro Belle Resources (ORS:VSE) have amalgamated. The company name will remain Oro Belle Resources (ORS:VSE).
Index (February 05, 1996)
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Drill program enhances potential of Bre-X’s Southeast gold zone
Drill results from the Southeast zone at Bre-X Minerals’ (ASE) Busang discovery in Indonesia point to a rich deposit of gold mineralization.The company believes the 250 metres between fencelines SEZ-4…