Spot prices at a glance (December 09, 1996)
Wednesday, December 3, 1996Price (US)Week’s ChangeGold*$370.40 – $3.55Silver*$ 4.8…
News
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 …
Guyana Goldfields drills targets at Peters mine property
Drilling by Guyana Goldfields (GGFI-C) is testing the Peters mine gold property, a past producer in Guyana.The initial holes are testing the main shaft area, where previous operators extracted 39,000 …
ANNUAL REPORT REVIEW — Lone Star to gain all of Awak Mas
The Awak Mas gold project in Indonesia is now wholly owned by Australian-based Lone Star Exploration (LSE-V).Previously, the junior held a 45% stake in the property. It will purchase the remainder fro…
Sultan Minerals eyes lead-zinc at Jersey mine
Drilling at the former-producing Jersey lead-zinc mine, near Salmo, B.C., has identified an enriched lead-zinc dolomite horizon.Sultan Minerals (SUL-V) tested the lower Jersey horizon with four holes …
Rio Algom unveils expansion plans in Chile
In keeping with its plan to become one of the world’s largest copper producers, Rio Algom (ROM-T) is proceeding with a second phase of expansion program at its Cerro Colorado mine in northern Chile.An…
ANNUAL REPORT REVIEW — Minera Andes augments Argentine portfolio
Spokane-based Minera Andes (MAI-A) has added six gold-copper prospects to its portfolio of properties in northwestern Argentina.For three of the prospects a letter of intent has been signed with a pri…
ANNUAL REPORT REVIEW — Sirios acquires Clairy Twp. play
Quebec-based Sirios Resources (SOI-M) has acquired a property near a recent massive sulphide discovery in Clairy Twp., Que.The 9-sq.-km property is 7 km northwest, and along strike, of Soquem’s recent…
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…
ANNUAL REPORT REVIEW — Argosy drilling extends Slovakian deposits
Diamond drilling at the Kremnica project in Slovakia has extended the Sturec gold deposit, held by Argosy Mining (AGO-V).Results from a 29-hole, 3,634-metre program are far beyond the junior’s expecta…
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 …