NEWS IN BRIEF (December 09, 1996)
Edomar Resources (EDMA-C) has changed its name to Kazakstan Goldfields (KGFC-C) on a 1-new-for-2.6-old-share basis.
News
Correction (December 09, 1996)
VenCan Gold’s (VCG-M) stake in the Opoteca concession in Honduras is 90%.Incorrect information appeared in our Dec. 2 issue.
Petro and Dakota to drill Big Sandy
Partners Dakota Resources (DAK-A) and Petro Plus (PPV.A-A) will begin drilling the Big Sandy diamond claims in central Saskatchewan.By spending $500,000 over three years, Dakota can earn a half intere…
Chase sells stake in T’Boli play
Junior Chase Resource (CQS-T) will not proceed with plans to acquire a 75% stake in the Philippine company that owns the T’Boli gold prospect on Mindanao Island.Chase ceased exploring the the 4,500-ha…
MOST ACTIVE ISSUES, Nov. 27-Dec. 3
ExchgVol(000s)CloseBre-X MnrlsT2195118.70Barrick GoldT…
Bre-X, Barrick still talking as deadline expires
There was still no deal at presstime for the enormous Busang gold project in Kalimantan, Indonesia, but talks continued between Bre-X Minerals (BXM-T) and its blind date, Barrick Gold (ABX-T).Meanwhil…
ANNUAL REPORT REVIEW — McLeod pushes the art of Zen in China
Fresh from negotiating a successful buyout of Arequipa Resources, former president Catherine McLeod-Setlzer has found a new challenge: looking for minerals in China.McLeod-Setlzer was recently appoint…
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…
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…
VenCan reports hot holes at Opoteca
Early results of diamond drilling on the Opoteca concession in central Honduras are providing encouragement to VenCan Gold (VCG-M)Preliminary results were obtained from the first half of an initial 2,…
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…