Correction (January 29, 1996)
A report on Petro Plus (ASE), in our Jan. 15 issue indicates the company is planning to drill next summer. The company is, in fact, planning to drill before spring breakup.
News
Friedland joins up with Int’l Tournigan
Subject to regulatory approval, Robert Friedland has agreed to act as agent for International Tournigan (VSE) in order to assist in the financing and acquisition of certain overseas mineral properties…
PEOPLE — INLET RES. (January 29, 1996)
Ian Park appointed president; Anwari Arnowo, George Zbitnoff and Harry Hopmeyer appointed directors.
PEOPLE — CONS. RAMROD GOLD (January 29, 1996)
Karl Rollke appointed chairman; Robert Miller appointed president and chief executive officer; Thomas Menning appointed executive vice-president and chief operating officer; Owen Granger appointed sec…
Arizona Star makes new discovery at Aldebaran property in Chile
The discovery of a low-lying oxide zone on the Aldebaran property in north-central Chile has prompted partners Bema Gold (TSE) and Arizona Star Resource (VSE) to delay completion of an ongoing feasibi…
Stratabound resumes its drilling at Taylor Brook
With promising strike extensions and geophysical anomalies to test, Stratabound Minerals (ASE) has resumed drilling at the Taylor Brook property, near Bathurst, N.B.The first hole, 96-17, tested a dow…
New Horizons — Outokumpu takes lead in the quest for Europe’s nickel
Mineral deposits tend to be situated at great distances from the users of minerals, and yet, oftentimes, one’s own backyard holds more than it seems. Large new deposits are frequently identified in ar…
Geominera to back Joutel at Zona Barita
Cuban state-owned Geominera will exercise its option on the Zona Barita project of Joutel Resources (TSE).The latter has outlined an estimated resource of 9 million tonnes grading 1.64 grams gold and …
Altai shows taste for geographical diversity
Altai Resources (TSE) is acquiring interests in two countries far removed from each other.In the Philippines, Altai has gained a 40% stake in a local company that owns a property on Lahuy Island, 350 …
Asian mining symposium set for Montreal
The World Bank will hold a symposium on investment and business opportunities in the mining sectors of Central Asia and the Balkan and Caucasus countries.The event, scheduled for May 23-25, will be he…
PRODUCER PRICES (January 29, 1996)
ALUMINUM: MW U.S. market US75 cents-76 cents per lb. (Jan. 19, 1996).ANTIMONY: MW New York dealer US$2.00-2.20 per lb. (Dec. 8, 1995).BISMUTH: MW New York dealer US$4.10-4.30 per lb. (Dec. 8, 1995).CA…
GREATEST VALUE TRADED, Jan. 17-23
Exchg Value($000s)HighLowCloseChange Placer Dome T225340$38 3/435 5/838+ 1 7/8Barrick Gold T175246$40 5/838 40 3/8+ 2 Noranda Inc T156664$26 1/225 1/426 3/8+ 1 TVX Gold Inc T137…