TSE SHORT POSITIONS (August 05, 1996)
Short positions outstanding at July 15, 1996Larger individual positions included: Agnico-Eagle 174,933, down 191,410; Arequipa 114,010, down 122,900; Anvil Range Mining 433,900; Atna Resources 98,800,…
News
PRODUCER PRICES (August 05, 1996)
ALUMINIUM: LME settlements US$1,486 per tonne (July 30, 1996), alloy US$1,257 per tonne (July 23, 1996).ANTIMONY: Composite free market, US$2,775 per tonne (July 30, 1996).BISMUTH: Composite free mark…
Band-Ore drilling picks up more gold
Drills at the Thorne property, west of Timmins, Ont., continue to encounter more mineralization as they progress eastward along strike.Band-Ore Resources (BNDR-C) has confirmed that hole TH96-60, coll…
Reserves on rise at Siguiri project
A new reserve calculation for the Siguiri project in Guinea puts the project at 54.8 million tonnes, proven and probable, grading 1.55 grams gold per tonne.Owner Golden Shamrock Mines (GSX-T) found th…
Companies zeroing in on Stewart area
Once again, the historic mining district of Stewart in the Coastal Mountain Range of northwestern British Columbia is abuzz with activity.By far the most comprehensive initiative under way is a $9-mil…
NEWS IN BRIEF (August 05, 1996)
Ambrex Mining (ANBX-C) reports that ground conditions have delayed drilling at its Aripuana project in Mato Grosso, Brazil. The company has added two more drills at the property and expects to have as…
Ontario to open Temagami to claim staking and mineral development
The Ontario government has announced a new land-use strategy aimed at developing the mineral potential of the Temagami area of central Ontario.Beginning Sept. 17, more than 100 townships, covering abo…
NDT Ventures, Takla Star cut sulphides at Nain area project– It’s not Voisey’s Bay II, but it’s a start.
NDT Ventures (NDE-V) has hit its best drill intersections to date on its Project 44 property, a joint venture with Takla Star Resources (TKR-A), just west of the Labrador town of Nain.Still, the nicke…
EDITORIAL PAGE — Indonesia recognizes the need for change
Indonesia’s economic and political regime may seem relatively stable, but recent anti-government riots in the streets of Jakarta suggest otherwise.The country is experiencing an economic boom, as evid…
Drilling starts out strong at Lexington copper-gold play
Early results from underground drilling at the Lexington copper-gold project near Grand Forks, B.C., are boosting the hopes of partners Britannia Gold (BGP-V) and Bren-Mar (BML-V).In July, the joint v…
Asquith steps up drilling at African gold properties
Several drill programs are under way on Asquith Resources’ (ASQH-C) gold properties in Africa and at home.In the Central African Republic, the junior has launched a percussion drilling program to foll…
Eldorado and HRC poised to merge
Producer Eldorado Gold (ELD-T) and exploration affiliate HRC Development (HDC-V) plan to merge into one company, which will retain the name of the former.Shareholders of Eldorado will receive one shar…