NEWS IN BRIEF (October 28, 1996)
Antilles Resources (ARY-V) has changed its name to Golden Palm Resources (GPR-V) with a consolidation of capital on a 1-new-for-5-old-share basis.
News
Guyanor to sell shares in France
Regulatory authorities in France have approved a preliminary prospectus for Guyanor Ressources (GRL.B-T) to list its Class B common shares for trading on the Nouveau Marche of the Bourse in Paris, and…
American Gem poised to become player in world sapphire market
While mining gem-quality sapphires in Montana has long been regarded as a risky proposition, the pieces seem to be falling into place for American Gem (GEM-T).In the past two years, the Montana-based …
Chivor completes adit in Colombia
Junior Chivor Emerald (CHIV.U-C) has completed driving of the new Dixon adit at the Oriente emerald mine in Colombia.Chivor owns 80% of the mine and has been expanding the operation while continuing t…
Inco intensifies work at Voisey’s Bay project
There were a few hiccups, but Inco (N-T) has digested Diamond Fields Resources and is moving ahead with plans to develop the big nickel-copper deposit at Voisey’s Bay, Labrador.Inco has set the enviro…
MEXICO AND CENTRAL AMERICA — Greenstone aims to expand production in Central America
Central America’s largest gold producer, Greenstone Resources (GRE-T), expects output from its properties in the region will increase to 402,000 oz.before the end of the century.With one operating min…
MEXICO AND CENTRAL AMERICA — High River leads foray into Central America
Central America was the home of the Mayans, who were known for their love of gold. Spain’s conquistadors showed the same enthusiasm for the yellow metal and made the region a major source of the gold …
Arian finds new zones outside Julietta deposit
British-based Arian Resources (ARCO.U-C) has discovered three anomalous gold zones near its Julietta gold-silver deposit in far-eastern Russia.Prospecting 1 km northwest of Julietta, Arian geologists …
Golden Star aims drills at Suriname
In southeastern Suriname, Golden Star Resources (GSC-T) has begun core drilling at the Antino gold property.The 370-sq.-km property, part of the South Benzdorp Right of Reconnaissance area near the bo…
SAR makes move on copper-cobalt prospect in Zaire
Junior South Atlantic Resources (SCQ-V) has received approval from the Zairean government to proceed with its attempt to bid on the Ruashi-Etoile copper-cobalt project.The company will submit its fina…
New JV for Kazakhstan Goldfields
Kazakhstan Goldfields (KGFC-C) has acquired a 75% interest in the Gold Pool joint venture.The project consists of three gold mines in north-central Kazakhstan, with an exploration licence covering abo…
GOLD FUNDS (October 28, 1996)
Gold Funds as of October 17, 1996BGRCentralNet Value$23.34$6.30Price$18.70…