Granges, Da Capo poised to merge
In hopes of creating a mid-tier gold producer, Granges (GXL-T) and Da Capo Resources (DCX-T) have decided to join forces.An agreement in principle calls for each Granges shareholder to receive one sha…
News
Placer options Fishhook property
An agreement with Gitennes Exploration (GIT-A) allows Placer Dome (PDG-T) to earn a 55% interest in the Fishhook gold property, 120 km northwest of Yellowknife, N.W.T.The property hosts several iron f…
PRODUCER PRICES (August 19, 1996)
ALUMINIUM: LME settlements US$1,468 per tonne (Aug. 13, 1996), alloy US$1,270 per tonne (Aug. 9, 1996).ANTIMONY: Composite free market, US$2,800 per tonne (Aug. 12, 1996).BISMUTH: Composite free marke…
Marmato drilling cuts mineralization
The first three holes drilled by Gran Colombia Resources (GCRI-C) have intersected near-surface, gold mineralization at the company’s concessions in the Marmato district of Colombia, 150 km northwest …
Callinan encouraged by War Baby drilling
Drilling at the War Baby property in Flin Flon, Man., has intersected a 5-metre interval grading 6.13% copper and 0.02 oz. gold plus 0.77 oz. silver per ton between a depth of 1,903 and 1,908 metres.T…
Gold production is boosted at Keystone mine McWatters plans merger with Maude
Record gold production of 9,702 oz. during the second quarter enabled Black Hawk Mining (BHK-T) to report a production improvement at the Keystone gold mine at Lynn Lake, Man.The mine produced 17,188 …
STOCK MARKETS — Toronto market has another quiet week
The Toronto Stock Exchange traded lightly during the report period Aug.7-13, and finished fractionally higher. The TSE 300 composite index rose 23.98 points to close at 5,048.24. Golds lost ground, an…
Great Lakes pours first gold
The latest Mexican gold producer is Great Lakes Minerals (GKM-T), whose Lluvia de Oro mine poured its first gold in mid-May.Situated in Sonora state, the open-pit, heap-leach operation is expected to …
Drilling proves up Holloway JV
Four drill holes on the Holloway joint venture of Battle Mountain Canada (BMC-T) and Teddy Bear Valley Mines (TBV-T) have intersected gold mineralization both in the Lightning zone and 5-30 metres to …
Rainbow seeks pot of nickel
Assays are expected shortly from diamond drilling carried out by Rainbow Petroleum (RBP-A) at the Copper Prince property near Sudbury, Ont.Core from the first five holes has been sent for assay, and t…
LETTER TO THE EDITOR — Ottawa may be setting a dangerous precedent
Contrary to the “On the Level” motto at the top of your editorial page, I think your theodolite took a bit of a tilt when you published the editorial “What a tangled web . . .” (T.N.M., July 1/96). Yo…
GOLD FUNDS (August 19, 1996)
Gold Funds as of August 8, 1996BGRCentralNet Value$23.35$6.50Price$18.15$…