Spot prices at a glance (August 12, 1996)
Wednesday, August 7, 1996Price (US)Week’s ChangeGold*$388.25+ $2.75Silver*$ 5.05…
News
Pentland Firth scores at Marlhill
At its Marlhill gold project near Timmins, Ont., Pentland Firth Ventures (PFO-T) has intersected gold mineralization over significant widthsThe company drilled several wide, high-grade intersections i…
PRODUCER PRICES (August 12, 1996)
ALUMINIUM: LME settlements US$1,466.50 per tonne (Aug. 6, 1996), alloy US$1,265 per tonne (Aug. 1, 1996).ANTIMONY: Composite free market, US$2,775 per tonne (Aug. 5, 1996).BISMUTH: Composite free mark…
Teuton, Minvita cut gold at Clone
Partners Teuton Resources (TUO-V) and Minvita Enterprises (MVE-V) report encouraging results from drilling at their jointly held Clone gold property near Stewart, B.C.The partners have completed 3,880…
METAL PRICES — FREE MARKET (August 12, 1996)
London Metal ExchangeMidday bid-ask prices in $US per tonneDateAug. 6Aug. 5Aug. 2Aug. 1July 31…
Santa Catalina intersects gold at Pilar
In Mexico’s Sonora state, Santa Catalina Mining (SLM-V) has completed a program of reverse-circulation drilling at the 5,930-acre Pilar gold property.The 3,000-metre program was directed at an area wh…
STOCK MARKETS — Golds lead Toronto market higher
The Toronto Stock Exchange moved higher during the report period July 31-Aug. 6, with the TSE 300 composite index finding its way back above 5,000 for the first time since July 19. The index closed at…
STOCK MARKETS — Optimism inflates Western indices
A mood of optimism crept back into western markets as the Vancouver Stock Exchange composite index reversed its downward trend over the report period ended Aug. 6, to finish up 33.27 points at 1,132.9…
Eldorado reports gold find
Eldorado (ELD-T) has discovered a new gold zone at the Sao Bento mine in Brazil’s Minas Gerais state.The Pinta Bem discovery hole returned 0.52 oz. per ton over 8 ft. and 0.47 oz. over 4 ft. Additiona…
B.C. gov’t approves prospectors’ grants
In British Columbia, 68 prospectors have qualified for grants under the province’s Prospectors’ Assistance Program.With a budget of $500,000, the program provides recipients with up to $10,000 per yea…
Teck adds to Chilean holdings
Teck (TEK-T) has reached an agreement with Luxembourg-based Minorco to acquire a 60% interest in exploration properties in northern Chile. These include the Lobo and Marte gold properties, which are e…
Correction (August 12, 1996)
In our coverage of the proposed merger between Royalstar Resources (RYQ-V) and Attwood Gold (ATW-V) (T.N.M., July 22/96), the 1.3-million oz. resource at the Tonkin Springs gold deposit was incorrectl…