1996


Gem River acquires tourmaline project

Following an agreement in principle, Gem River (ASE) will acquire Jean Boulle’s 100% interest in Maine Resources.The deal will see Boulle, co-chairman of Diamond Fields Resources (TSE), receive 500,00…


PRODUCER PRICES (April 01, 1996)

ALUMINUM: MW U.S. market US75.5 cents-76.5 cents per lb. (March 15, 1996).ANTIMONY: MW New York dealer US$1.85-2.00 per lb. (Feb. 29, 1996).BISMUTH: MW New York dealer US$3.90-4.05 per lb. (Feb. 29, 1…


Chase and BHP enlarge holdings

Partners Chase Resource (TSE) and BHP Minerals are expanding their ground position in the Philippines by acquiring more than 110,000 hectares in Aurora and Nueva Ecija provinces.The claims are at the …


Redaurum recovers more diamonds

Since the start of the year, Redaurum (TSE) has sold diamonds from all four of its operating properties, resulting in an average price per carat of US$141.That figure, however, excludes the sale of an…


TSE INDICES (April 01, 1996)

= 1996 = Mar 26 Mar 25 Mar 22 Mar 21 Mar 20 High LowComposite “300” 4985.21 4967.27 4952.63 4946.74 4961.34 5066.79 3983.34Metls & Minerals 5403.84 5343.08 5335.86 5346.12 5381.70 5463.82 3273.56 I…


METAL PRICES (April 01, 1996)

FREE MARKETLondon Metal ExchangeSpot closing prices in $US per tonneDate March 26 March 25 March 22 March 21 March 20Copper 2546-2526 2529-2531 2532.5-2534.5 2562-2564 2542-2544Lead 818-823 826-8…


GeoNova advances Quebec properties

The efforts of GeoNova Explorations (ME) in northwestern Quebec have been rewarded with an increased mineral inventory at its Desjardins gold property.The property, west of Lebel-sur-Quevillon, is now…


Glamis drops option on Mexico’s Jojoba

Following completion of a 21-hole drill program on the Jojoba gold prospect in Mexico, 87 km south of Nogales, Glamis Gold (TSE) has opted to drop the property.The company held an option to earn a 75%…


First Quantum plans work in N.W. Africa

An agreement with British-based Reunion Mining gives First Quantum Ventures (VSE) the right to earn a 45% interest in a 1,688-sq.-km exploration permit in Niger.First Quantum must spend US$250,000 in …


Meetings (April 01, 1996)

April 8, Taylor Rand — annual, specialApril 9, Aur Resources — annualApril 9, Graymar — annualApril 9, Thermal — specialApril 10, Cons Abitibi — annualApril 10, Noble Peak — specialApril 10, Ror…


MacDonald’s Golden Hill shows good potential

A gold target within MacDonald Mines Exploration’s (ASE) Golden Hill property in east-central Cuba has returned gold values, and two other targets show potential to host gold mineralization.At the Lit…


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