EDITORIAL PAGE — The best of a bad situation
It is disheartening that the New World gold-copper project has been permanently sidelined by an agreement that will see the mine’s owner, Crown Butte Resources, swap the Montana project for federal la…
News
Patrician alliance with JCI ends
The “strategic alliance” of Patrician Gold Mines (PXX-A) and South African mining house JCI Ltd. has dissolved.As a result, the Canadian junior is required to repurchase 2 million of its own special w…
PEOPLE — MEGASTAR VENTURES (August 26, 1996)
John James appointed director.
PEOPLE — MADISON ENTERPRISES (August 26, 1996)
Nell Dragovan appointed chairman; Leslie MacConnell and Robert Sibthorpe appointed directors.
Canada proposes tax changes for ammonite producers
The federal government of Canada has announced proposed changes to the income-tax treatment of producers of ammonite gemstones.The changes, which were proposed by Natural Resources Minister Anne McCle…
Drilling on Portuguese property begins
The Grandola joint venture has initiated drilling on the first of four planned holes in a program aimed at testing the central axis of the 3,000-metre-long Porto de Mel gravity anomaly on the Grandola…
METAL PRICES — FREE MARKET (August 26, 1996)
London Metal ExchangeMidday bid-ask prices in $US per tonneDateAug. 20Aug. 19Aug. 16Aug. 15Aug. 14…
CIM luncheon will shed light on Cameco
The Canadian Institute of Mining, Metallurgy & Petroleum (CIM) resumes its speakers’ luncheons on Sept. 19, when the guest of honor will be Bernard Michel, chairman, president and chief executive offi…
Gold Canyon Resources reports assays from Springhole
Gold Canyon Resources (GCU-V) has resumed trading on the Vancouver Stock Exchange, having cleared up the confusion over assay results from its Springpole gold project in northwestern Ontario.Trading w…
DIAMOND PAGE — United Reef expanding reserves in CAR
A $2.5-million exploration program on the Bamingui River diamond property in the Central African Republic is under way, reports United Reef (URP-T).Trans Hex Group of South Africa, which holds a 35% i…
GREATEST VALUE TRADED (August 26, 1996)
ExchgValue($000s)HighLowChangeBema GoldT462418…
MOST ACTIVE ISSUES (August 26, 1996)
ExchgVol(000s)CloseBema GoldT40413 11.20Arizona StrV…