COMMENTARY — Tumbler Ridge does its bit
The author is mayor of the district of Tumbler Ridge, B.C. This letter was sent to every mayor in British Columbia in support of that province’s Mining Week, which ran May 13-19. At the request of Kee…
1996
Metal Prices — FREE MARKET (July 08, 1996)
London Metal ExchangeMidday bid-ask prices in $US per tonneDateJuly 2July 1June 28June 27June 26…
Partners firm up Crow-Rea play
The Crow-Rea molybdenum property in the Okanagan area of British Columbia is returning some high-grade numbers for partners Molycor Gold (MOR-V) and Verdstone Gold (VGC-V).Recent diamond drill results…
STOCK MARKETS — Dog days come early to Toronto
The Toronto Stock Exchange finished the report period ended July 2 fractionally lower, following a week of light trading and sluggish price moves. The TSE 300 composite index was down 8.09 points to 5…
Virginia drills at Ungava Peninsula
Drilling is under way on the Kogaluk permit on Quebec’s Ungava Peninsula, reports Virginia Gold Mines (VIA-M).As part of a joint venture with Cominco (CLT-T) and Quebec Crown-owned Soquem, Virginia is…
USMX sells royalty in Montana Tunnels
In an effort to raise funds for its Illinois Creek gold project in Alaska, USMX (USM-T) will sell its royalty interest in another project.The company will sell its 5% royalty interest at the Montana T…
Cyprus and Amax sign Russian deal
Cyprus Amax Minerals (CYM-N) and Amax Gold (AU-N) have formed a joint venture with several Russian groups to develop the Vorontsovka gold deposit, on the eastern flank of the Ural Mountains.Cyprus and…
Uzbeks open door to investment
On a recent swing through Colorado, the president of Uzbekistan, Islom Karimov, announced that his country is soliciting bids for a group of properties in the Central Asian country. Up for bid are sev…
DIAMOND PAGE — Rex Diamonds reports earnings
The sale of diamonds from Rex Diamond Mining’s (REXD-C) South African operations generated revenue of US$16.8 million for the fiscal year ended March 31, 1996. Net earnings for the period amounted to …
PEOPLE — POSEIDON
T. Magee appointed president.
PEOPLE — PHRYGIAN
David Arnill appointed director.
PEOPLE — PENN-GOLD (July 01, 1996)
Ashif Jiwa appointed senior vice-president; John Morita appointed secretary and chief financial officer.