Greenstone adds to mine reserves
Initial drill results from its Santa Rosa gold mine project in Panama have induced Greenstone Resources (GRE-T) to consider modifying its open-pit design.The company has begun a 10,000-metre drill pro…
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TSE SHORT POSITIONS (August 19, 1996)
Short positions outstanding at July 31, 1996Larger individual positions included: Barrick Gold 10,127,048; Agnico-Eagle 297,060; Asia Pacific 116,715; Anvil Range 433,900; Atna Resources 114,600; Ande…
Royal Oak finances projects
Gold producer Royal Oak Mines (RYO-T) has completed a debt-financing to raise funds for its portfolio of Canadian development projects.The funds will be used to finance construction of Royal Oak’s fla…
Orvana drills to upgrade Don Mario resource
Drilling by Orvana Minerals (ORV-T) is confirming the continuity of high-grade gold mineralization at the Don Mario project in Bolivia’s San Cruz province.The program is aimed at upgrading the drill-i…
Pan African updates exploration plans
Junior Pan African Resources (PARC-C) continues to step up exploration efforts in the continent from which it takes its name. A round of drilling has just wound down in Mali, one has just wound up in …
EDITORIAL — One step closer
Ronald Irwin, minister of Indian Affairs and Northern Development, said it best: “I can’t see a downside, if we do it properly.”We agree with the minister’s view that the Northwest Territories diamond…
Nord Pacific beefs up its projects in PNG and Australia
Nord Pacific Resources (NORPY-Q) has produced new resource estimates for advanced projects in Papua New Guinea and Australia.At the Tabar Islands gold project, on Simberi Island in PNG, the company ha…
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…
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…