SPOT PRICES AT A GLANCE (December 02, 1996)
Wednesday, November 27, 1996Price (US)Week’s ChangeGold*$373.95- $4.65Silver*$ 4.7…
News
West African Mining explores for gold deposits in Ghana
At a time when it is expanding its land holdings in Burkina Faso, West African Mining (SMF-E) is also drilling its Teleku-Bokazo gold property in neighboring Ghana.The Quebec-based junior can acquire …
TORONTO STOCK EXCHANGE INDICES (December 02, 1996)
1996Nov 26Nov 25Nov 22Nov 21Nov 20HighLowComposit…
EXPLORATION ROUNDUP — Australians go head-to-head with Canadian juniors
Australian-based resource companies have watched with envy as their North American counterparts raised millions of dollars to acquire and explore mineral projects in every corner of the globe. Now, so…
Ashanti launches program at Tera gold property
Surface exploration by Ashanti Goldfields (AHD.U-T) has begun on the Tera gold property in Niger, West Africa.The 1,500-sq.-km property, which hosts a 20-km section of the Terra shear system, is curre…
EXPLORATION ROUNDUP — Barrick Gold to gain half of Ligneris gold project
Toronto-based Barrick Gold (ABX-T) will take over a 50% interest in the Ligneris gold project in northwestern Quebec. The interest is currently held by Placer Dome (PDG-T).Barrick plans to launch a $5…
EXPLORATION ROUNDUP — Small but vital projects under way at Matheson camp
Less exposed, and therefore less prospected, than its big brothers to the west and south, the Matheson area of northeastern Ontario has, in recent years, proved to be a durable, small-project camp.As …
Virginia set to drill La Grande Sud
Drilling by Virginia Gold Mines (VIA-M) is about to test a new gold target at La Grand Sud in the James Bay region of Quebec.Recent surface work identified a shear zone associated with a major contact…
EXPLORATION ROUNDUP — Redbird Gold sets its sights on Albanian mineral prospects
Junior explorer Redbird Gold (RBD.A-A) has set a date for its shareholders to consider the takeover of two Albanian mining companies. In the meantime, the trading of Redbird’s shares has been halted b…
EXPLORATION ROUNDUP — SLOVAKIA in a nutshell
Total area: 48,845 sq. km (about twice the size of New Hampshire) Terrain: rugged mountains in the central and northern part, and lowlands in the southClimate: temperate; cool summers; cold, cloudy, h…
EXPLORATION ROUNDUP — Cabo uncovers more Cuban gold
Ongoing chip sampling and geological mapping by Cabo Exploration Ventures (CVE-V) have revealed another gold zone at the San Juan prospect in Cuba.The prospect, several hundres metres southwest of the…
Princess advances projects in Tanzania and China
With a drill program under way in Tanzania, Princess Resources (PRL-V) is awaiting government approval for several new projects in China.The company recently signed two letters-of-intent in China’s Hu…