ODDS’N’SODS — The nose knows
In the summer of 1961, a mining company hired me, a summer geology student, to assist Bill Mundle in mapping a property that had recently been optioned from a local prospector and his partners.The pro…
News
Goldtex Res. drilling Nevada properties
Junior Goldtex Resources (GXR-A) plans to spend $2.8 million on 50,000 ft.of drilling to test 10 gold properties in Nevada.A total of 11 targets will be drill-tested, while, at the same time, geochemi…
MOST ACTIVE ISSUES, Oct. 23-29
ExchgVol(000s)CloseBRE-X MnrlsT1220523.65Bema GoldT…
LME Warehouse Levels (November 04, 1996)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at Oct.28/96 (change from previous week in brackets):Copper132,350 (-27,000)Tin10,075(+60)Lead117,100(+550)Zinc544,375(-2,725)…
Menora doubles strike of Tassawini deposit in Guyana
A program of soil geochemistry has doubled the strike length of the Tassawini gold deposit in Guyana and identified a larger anomalous zone to the west, reports Menora Resources (MEN-M).In the 1980s, …
Companies tie up ground near Sept-Iles
Base metal producer Noranda (NOR-T) and St. Genevieve Resources (SGV-T) have signed a letter-of-intent agreement on the Lac l’Aigle property near Sept-Iles, Que.The 123-claim property is north-northea…
Production levels rise for gold, most base metals
Canadian production of gold, nickel, refined copper and lead in August 1996 rose above levels recorded in the same period last year, whereas output of silver, primary copper and iron were down.Product…
Teck and WCH uncover massive sulphides
Partners Teck (TEK-T) and Western Copper Holdings (WTC-T) have discovered a deep volcanogenic massive sulphide zone at the Mexican project known as El Salvador, in Zacatecas state.A single hole, drill…
THE DIAMOND PAGE — Redaurum pulls the plug on River Ranch mine
Toronto-based Redaurum (RRK-T) will cease funding the unprofitable River Ranch diamond mine in Zimbabwe.Redaurum subsidiary Cornerstone Investments owns half the project in a joint venture with Auridi…
Gold Funds (November 04, 1996)
Gold Funds as of October 17, 1996BGRCentralNet Value$23.08$6.30Price$18.70…
Similco expands under Princeton
Additional mineralization found by Princeton Mining (PMC-T) at the Similco copper mine in British Columbia will be included in a new mine plan.The best results from an ongoing first phase of drilling …
Newmont, Barrick reach dewatering deal
A dispute over water disposal on Nevada’s Carlin trend has been settled by Newmont Gold (NGC-N) and Barrick Gold (ABX-T).The legal action stemmed from an injunction issued in April barring Barrick fro…