PEOPLE — INTERTECH
William Dynes appointed director.
News
PEOPLE — EL MISTI GOLD (September 30, 1996)
E. Baker appointed vice-president of exploration.
PEOPLE — CHALLENGER MINERALS
David Bailey appointed director.
Australian junior Ocean Resources tests Indonesian waters for diamonds
Australian junior Ocean Resources (OCR-V) has taken its search for alluvial diamonds to the coast of Borneo.The Perth-based company has a history of exploring for gold, diamonds, uranium and mineral s…
PEOPLE — CARSON GOLD (September 30, 1996)
Peter Meredith appointed chief financial officer and director.
Kavanagh to speak on Busang deposit
The Toronto Geological Discussion Group will address Indonesia’s Busang gold deposit on Nov. 5.Speakers will include Paul Kavanagh of Bre-X Minerals, which owns the deposit, and Egizio Bianchini of Ne…
TSE Short Positions (September 30, 1996)
Short positions outstanding at September 15, 1996.Larger individual positions included: Barrick Gold 9,524,501; Agnico-Eagle 327,903; Asia Pacific Res. 137,072; Anvil Range Mining 768,120; Anderson Ex…
KWG Res. reports unusual find
Partners Spider Resources (SPQ-A) and KWG Resources (KWG-T) have made a “somewhat unique” diamond discovery within exposed bedrock along the Trans-Canada Highway.The partners recovered 64 mostly fragm…
STOCK MARKET — Resource stocks fail to boost western markets
The Vancouver Stock Exchange composite index finished relatively flat between Sept. 18 and 24, closing at 1,227.43 points, down 1.77 from last week’s close of 1,229.2. The resource index was up slight…
LME WAREHOUSE LEVELS (September 30, 1996)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at Sept.16/96 (change from previous week in brackets):Copper256,625 (-11,725)Tin9,975(-150)Lead117,550(+3,100)Zinc549,050(-1,2…
PRODUCER PRICES (September 30, 1996)
ALUMINIUM: LME settlements US$1,355.50 per tonne (Sept. 24, 1996), alloy US$1,197 per tonne (Sept. 20, 1996).ANTIMONY: Composite free market, US$2,500 per tonne (Sept. 23, 1996).BISMUTH: Composite fre…
Young-Shannon drilling in northeastern Ontario yields strong gold intercepts
Encouraging results from a winter 1996 drill program on its namesake gold property in northeastern Ontario have Young-Shannon Gold Mines (YSG-V) drilling once again.The company has been exploring the …