Spot prices at a glance (July 08, 1996)
Wednesday, July 3, 1996Week’sPrice (US)ChangeGold*$382.50- $1.50…
News
DIAMOND PAGE — Ursa Major ups stake in Koktasjal
Diamond drill results have induced Ursa Major International (NRI-T) to increase its stake in the Koktasjal deposit in central Kazakhstan.Ursa Major has acquired an option to increase its interest in t…
Corner Bay to open
MSV Resources (MSV-T) will advance development of its Corner Bay and Copper Rand projects in Quebec’s Chibougamau camp.Work at the producing Copper Rand mine will involve exploring three mineralized h…
Goldbelt drilling in Kazakhstan
In central Kazakhstan, Goldbelt Resources (GDB-V) has started drilling on the Kakbit massive sulphide and Ozemy copper porphyry targets.The Kakbit, wholly owned by Goldbelt, is 20 km southeast of the …
TORONTO STOCK EXCHANGE INDICES (July 08, 1996)
1996July 2July 1June 28June 27June 26HighLowCompo…
DIAMOND PAGE — Nora stones exceed Ghanaian standard
An independent report indicates that diamonds found at the Kade concession in Ghana are of better quality than most found in that country, says property owner Nora Explorations (NXI-M).Only 10% of the…
Museum, Hall of Fame find home in Elliot Lake
In a ceremony that attracted 150 representatives of industry and government, the Canadian Mining Hall of Fame was re-established in this historic uranium producing town.The ceremony was marked by emot…
Midas resource rises to 2.5 million oz. gold
With eight drills working at the Rex-Grande zone on the Midas property in northern Nevada, partners Franco-Nevada Mining (FN-T) and Euro-Nevada Mining (EN-T) have estimated a total resource of 2.5 mil…
DIAMOND PAGE — Namibian Minerals raises $17m
By issuing 2 million special warrants, Namibian Minerals (TSE) has raised $17 million for exploration and development of its diamond concessions off the coast of Namibia.Each special warrant, sold for…
MOST ACTIVE ISSUES, June 26-July 2
ExchgVol(000s)CloseIndochina GldfT551911.20TVX Gold IncT…
Phelps Dodge eyes Suaqui Verde
An agreement between Azco Mining (AZC-T) and Phelps Dodge (PD-N) will allow for exploration of the Suaqui Verde copper deposit in Mexico’s Sonora state.Phelps Dodge can earn a 70% interest in a joint-…
Goldcorp adds to reserves at Red Lake mine
Ongoing drilling at Goldcorp’s (G-T) mine in Red Lake, Ont., has outlined an additional resource of 300,000 oz. in the lower levels.Drilling has been concentrated on extending the known mineralized zo…