Rayrock fails to get permit
The Costa Rican government has turned down an environmental impact statement (EIS) from Minera Rayrock (MRN.A-T) regarding the Bellavista gold-silver project.Minera Rayrock is now pursuing an appeal u…
1996
STOCK MARKETS — TSE balloon sinks back to earth
The Toronto Stock Exchange’s TSE 300 composite index at last broke 6,000, but, having vaulted that barrier, it lost momentum and finished the trading period Nov. 27-Dec. 3 at 5,940.73, down 34.83 poin…
STOCK MARKETS — Early winter blahs weigh on western markets
The Vancouver Stock Exchange composite index slipped 9.2 points over the report period ended Dec. 3, to close at 1,145.96. The resource index, meanwhile, fell 87.57 points to 2,229.55.Alberta-listed T…
THE DIAMOND PAGE — Diavik diamonds more valuable
The value of diamonds from the A-154 South kimberlite pipe at the Diavik project in the Northwest Territories has increased to US$59.30 from US$56.10 per carat.Ownership of the project, near Lac de Gr…
Spot prices at a glance (December 09, 1996)
Wednesday, December 3, 1996Price (US)Week’s ChangeGold*$370.40 – $3.55Silver*$ 4.8…
Toronto Stock Exchange Indices (December 09, 1996)
1996Dec 3Dec 2Nov 29Nov 28Nov 27HighLowComposite”…
ANNUAL REPORT REVIEW — Franc-Or drills in French Guiana
Montreal-based Franc-Or Resources (FOR-T) has begun drilling at its St.Pierre property in northwestern French Guiana.The 3,000-metre program is testing the downdip extent of the North Body structural …
Zaire ratifies Eurocan agreements
The government of Zaire has ratified Consolidated Eurocan Ventures’ (KEU-T) acquisition of a 55% interest in the giant Tenke and Fungurume copper-cobalt concessions.The joint-venture agreement with st…
Black Swan Gold reports mixed results from Cata Preta
Junior Black Swan Gold Mines (BSW-T) is intensifying efforts to outline the Cata Preta gold prospect in Brazil’s Minas Gerais state.The deposit has now been drill-tested along a strike length of more …
Northern Orion unveils results from Agua Rica
Drilling by Northern Orion Explorations (NNO-T) at its Agua Rica property has confirmed previous results indicating significant copper and molybdenum mineralization.The porphyry copper-moly-gold-silve…
Drilling begins at Vogel property
Toronto-based Kinross Gold (K-T) has started its $1-million drill program at the Vogel property of Black Hawk Mining (BHK-T), just east of Timmins, Ont.And buying into the program is Thunderwood Resou…
ODDS’N’SODS — The catch of the day
During a summer reconnaissance geology project in northern Manitoba, my assistant and I were dropped off for a 2-week stint at a commercial fishing camp on a large lake.The fishery there appeared to b…