Aur picks up option on Chilean gold property
Vancouver-listed Southern Rio Resources has dealt Aur Resources (TSE) an option to earn 75% of its Patagonia gold property, which straddles the boundary between Chile and Argentina.Aur can earn a 60% …
1996
ODDS’N’SODS — Shock treatment
The Paymaster gold mine near Timmins, Ont., started up in the 1920s but ceased operation shortly thereafter and remained closed until 1933, when the yellow metal was valued at upwards of $35 per oz.Th…
Province beefs up prospector program
The government of Ontario will contribute an additional $2 million to the Ontario Prospector Assistance Program (OPAP).Under the program, Ontario’s 5,000 licensed prospectors can qualify for assistanc…
ASE halts trading of Timbuktu
The Alberta Stock Exchange has halted trading of Timbuktu Gold (ASE) after drill results from its Sitakili property in Mali sent the company’s stock price into orbit.Assays from two of 17 reverse-circ…
Voisey’s Bay Regal Goldfields to explore for base metals in Cape Breton
CDN-listed Regal Goldfields has acquired a 51% interest in a 40-sq.-km property in western Cape Breton Island, N.S. and has started reconnaissance exploration for base metal sulphide deposits.The prop…
Manitoba tax changes to boost new investment
The government of Manitoba is offering tax concessions designed to encourage investment in mining.The changes, according to Mines Minister Darren Praznik, will result in more than $170 million for min…
Gem sale nets big profit for Rex Diamonds
A diamond recently uncovered at Rex Diamond Mining’s (CDN) Bellsbank mine in South Africa has sold for US$526,000.The 60-carat stone, cleaved from a 92.5-carat diamond, netted US$8,760 per carat. The …
Reading our stock trading tables (April 29, 1996)
A comprehensive listing of weekly stock quotations for mining securities is provided by The Northern Miner. To assist readers who often know the name of the stock but not the exchange on which it trad…
Vangold acquires interest in Tajikistan
An agreement with a private company gives Pacific Vangold Mines (VSE) a 49% interest in the Ikar gold deposit, situated in Tajikistan’s Rushav district.Vangold must pay US$20,000 and 100,000 shares fo…
Drill program tests skarn zones at Minoro property in Honduras
Drilling on the Minoro property in Honduras is returning copper-gold values for partners Tombstone Explorations (TSE), Champion Resources (VSE) and Mar-West Resources (VSE).Champion is earning half of…
Santa Fe suffers a first-quarter loss
New York-listed Santa Fe Pacific Gold recorded lower first-quarter earnings than in the same period in 1995 as a result of a 20% drop in production at its Twin Creeks gold mine in northern Nevada.For …
BYG forming new Yukon company
A newly formed subsidiary of BYG Natural Resources (TSE) will take over that company’s exploration properties, so that BYG itself can concentrate on advancing its Mt. Nansen gold-silver property in th…