Band-Ore confirms gold zone at Thorne
More drilling in the western portion of the Thorne gold property, near Timmins, Ont., has confirmed results from two earlier drill holes.Band-Ore Resources (BAN-T) has drilled 20 holes in the prospect…
1996
GOLD FUNDS (December 16, 1996)
Gold Funds as of December 5, 1996BGRCentralNet Value$22.13$6.08Price$17.15…
STOCK MARKETS — Foreign prospects add sparkle to VSE juniors
The Vancouver Stock Exchange composite index closed up 8.24 points to 1,154.2 over the report period ended Dec. 10, while the resource index rose 75.82 points to finish at 2,305.37.Arizona Star Resour…
LME WAREHOUSE LEVELS (December 16, 1996)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at Dec.9/96 (change from previous week in brackets):Copper105,275(+11,800)Tin9,860(+340)Lead122,275(+800)Zinc521,500(-5,475)Al…
Chama shows bulk-tonnage potential
Rock samples from Corriente Resources’ (CTQ-T) Chama property in Peru have confirmed the continuity of gold mineralization between widely spaced outcrops.Areas exceeding 1 gram gold per tonne included…
TORONTO STOCK EXCHANGE INDICES (December 16, 1996)
1996Dec 10Dec 9Dec 6Dec 5Dec 4HighLowComposite”30…
Spot prices at a glance (December 16, 1996)
Wednesday, December 11, 1996Price (US)Week’s ChangeGold*$369.60- $0.80Silver*$ 4.8…
New reserves tallied for Goldfields
It’s out with the old numbers and in with the new at the Goldfields project of Greater Lenora Resources (GEN-T).Situated in northern Saskatchewan, the gold project is now estimated to contain an in si…
Campbell forges ahead in Panama
With a positive feasibility study complete, Campbell Resources (CCH-T) is moving to develop its Cerro Quema gold deposit in southwestern Panama.The property hosts two epithermal gold deposits (La Pava…
THE DIAMOND PAGE — More stones recovered from Crater of Diamonds
Almost half of a planned 10,000-tonne bulk sample from the Crater of Diamonds state park in Arkansas has been processed.Under the operatorship of the state department of Parks and Tourism, a bulk-samp…
TSE SHORT POSITIONS (December 16, 1996)
Short positions outstanding at November 29, 1996Larger individual positions included: Abacan Resource 14,500, down 91,700; Barrick Gold 12,001,996, up 2,399,078; Agnico-Eagle 545,385; Archer Resources…
Madsen Gold on fast track to re-enter production
After 20 years of inactivity, the Madsen gold mine in the Red Lake camp of northwestern Ontario is showing definite signs of life. The former producer, now wholly owned by Madsen Gold (MGF-T), is expe…