News

A $425,000 exploration program is under way at the Balsam base metal property in the Hanson Lake area of northern Saskatchewan.The project is a 50-50 joint venture between Aur Resources (AUR-T) and Tr…

ALUMINIUM: LME settlements US$1,590.50 per tonne, alloy $1,508 per tonne (Jan. 14/97).ANTIMONY: Composite free market, US$2,350 per tonne (Jan. 14/97).BISMUTH: Composite free market US$3.25 per lb. (J…

Drilling at Timbuktu Gold’s (TBT-A) Sitakili gold concession in Mali is set to begin, while a meeting to change the company’s name has been postponed.The Calgary-based junior has contracted Boart Long…

Wednesday, January 15, 1996Price (US)Week’s ChangeGold*$352.45- $3.35Silver*$ 4.65…

Junior Meridian Peak Resources (MRK-V) is forming a subsidiary to explore for gold in India.Although the formation of Meridian Minerals India (MMI) is still subject the the approval of Indian regulato…

The Pachon project in Argentina has received both a statistical and logistical boost.A new calculation by Cambior (CBJ-T) has augmented the proven and probable reserve total by 28%, to 882 million ton…

Assays from five infill holes at the Agua Rica porphyry deposit in Argentina continue to confirm earlier results.Situated in Catamarca province, the deposit is being explored by a 30-70 joint venture …

John McAdam appointed vice-president of exploration.

Philip Walsh appointed president, chief executive officer and director.

In a response to a second bid from Newmont Mining (NEM-N), Santa Fe Pacific Gold (GLD-N) has agreed to sit down and begin negotiations about a business combination between the two companies.Newmont of…

Stephen Zacher appointed director.

Lytton Minerals (LTL-T) is undertaking a private placement of 2 million common shares at a price of $3.00 per share.Proceeds will be used to finance ongoing diamond exploration and development program…