Alta doubles earnings for quarter
With excellent drill results reported from the Olinghouse deposit in Nevada, Alta Gold (ALTA-N) enjoyed a spectacular second quarter.For the 3-month period ending June 30, the company reported a 44% i…
News
Agua Rica project proceeds to feasibility
Northern Orion Explorations (NNO-T) has reported encouraging results from the first three holes drilled on the Agua Rica copper-gold project in Argentina.The drilling, which is focusing on the Mi Vida…
METAL PRICES — FREE MARKET (August 19, 1996)
London Metal ExchangeMidday bid-ask prices in $US per tonneDateAug. 13Aug. 12Aug. 9Aug. 8Aug. 7…
Spot prices at a glance (August 19, 1996)
Wednesday, August 14, 1996Price (US)Week’s ChangeGold*$387.10-$1.15Silver*$ 5.09…
Fairfield discovers new vein at Siwash gold property
Exploration by Fairfield Minerals (FFD-T) has led to the discovery of a new vein system 650 ft. north of, and parallel to, the main Siwash vein near Merritt, B.C.Fairfield recently completed a 49-hole…
Crown Butte swaps New World for federal assets
After lengthy negotiations with the U.S. government, Crown Butte Resources (CBL-T) has agreed in principle to a land exchange that would block further development of the US$100-million New World gold …
Arequipa intensifies drilling as Barrick waits
Junior Arequipa Resources (AQP-T) has stepped up its drill program in the hope that more geological information will help directors and shareholders assess the takeover offer from Barrick Resources (A…
United Keno on track to reopen Yukon silver mines
Positive exploration results from the Elsa properties in the Yukon are bringing United Keno Hill Mines (UKH-T) one step closer to resuming production.The properties, situated 280 miles north of Whiteh…
Drilling under way near Detour Lake
Gowest Amalgamated Resources (GWA-A) has begun drilling on its property near the Detour Lake mine in northeastern Ontario. Early results from the program, which is being supervised by Placer Dome (PDG…
Caledonia calculates Nama resource
Following the recent flurry of drilling on its Nama project, Caledonia Mining (CAL-T) has announced a reserve calculation for one of its cobalt-copper deposits in Zambia.The company reports a prelimin…
Date set for acquisition of DFR
The end of Diamond Fields Resources (DFR-T) is in sight.The closing date for the acquisition of DFR by Inco (N-T) has been set for Wednesday, Aug. 21. DFR shareholders have until 5 p.m. on the precedi…
METALS COMMENTARY — Nickel analysts glued to Baywatch
The potential impact of more than 122,000 tonnes per year of Voisey’s Bay nickel production by the turn of the century has nickel analysts focusing their attention on the small, isolated inlet on the …