Lundin group to take on Gecamines JV
Vancouver-based Consolidated Eurocan Ventures (KEU-V) will receive the right to a joint venture to develop the Tenke Fungurume copper-cobalt deposit in Shaba province, Zaire.The company will have the …
News
NEWS IN BRIEF (July 29, 1996)
Verena Minerals Holdings amalgamated with Verena Minerals Corporation (VMCO-C) and continue to use the name Verena Minerals Corporation.
EAG extends mineralization
Drilling on Emerging Africa Gold’s (EAGI-C) gold property in Guinea has returned some encouraging results.The best intersections from the Gobele vein assayed 14.9 grams gold per tonne over 27.5 metres…
Gold Funds (July 29, 1996)
Gold Funds as of July 18, 1996BGRCentralNet Value$23.19$6.44Price$18.00$6…
Spot prices at a glance (July 29, 1996)
Wednesday, July 24, 1996Price (US)Week’s ChangeGold*$384.40+ $0.75Silver*$ 4.98…
Drilling extends Taylor mineralization
The two latest drillholes at the Taylor Brook property in northern New Brunswick have intersected sulphide mineralization at the geological projection of the known sulphide zone.Owner Stratabound Mine…
Int’l Taurus regains namesake property
Cyprus Canada, a wholly owned subsidiary of Cyprus Amax Minerals (CYM-N), is selling its right to earn up to a 70% interest in the Taurus property back to International Taurus Resources (ITU-V).The Va…
Echo Bay finishes Santa Elina deal
Echo Bay Mines (ECO-X) has completed its acquisition of half of Santa Elina Gold (SAU-T), and, as a result, shareholders of the latter can exchange their shares for those of the former.Echo Bay raised…
High River Gold announces results
Results from an 11-hole drill program on High River Gold Mines’ (T-HRG) Taparko property in Burkina Faso indicate that the GT zone has a minimum strike length of 300 metres.One of six gold-bearing zon…
BHP and Centurion ink Little Bingham deal
BHP Minerals has exercised its option on the Little Bingham copper-gold property, southwest of Salt Lake City, Utah.BHP will earn a 75% interest in the property from owner Centurion Mines (CTMC-Q) by …
Muscocho group unveils merger plans
The Muscocho group of companies, which have never fully recovered from their brush with insolvency in the late 1980s, have agreed to merge.A new company, named Golden Goose Resources, will emerge from…
Troymin cuts copper and nickel in Quebec
Early drill results from the Hawk Ridge property have convinced Troymin Resources (TYR-M) that high-grade, copper-nickel deposits can be found in the Ungava region of northern Quebec.The company holds…