News

The boards of Western Copper Holdings (WTC-T) and Thermal Exploration (THR-A) have approved a merger proposal.The arrangement is expected to expedite financing of the Carmacks copper project in the Yu…

Karl Elers appointed chairman; Ian Bayer appointed president and director; R. O’Connell appointed executive vice-president of finance and corporate development and chief financial officer; Ian Atkinso…

Drilling at the Kabahelele project in Tanzania has returned respectable gold values for Tan Range Exploration (TNX-A).Hole IDD-1, collared along an east-west-trending structure, returned 3.2 grams gol…

At the Fyre Lake property in the Finlayson Lake district of southeastern Yukon, Columbia Gold Mines (COB-V) has completed 23 holes in a planned 10,000-metre program.The holes range in depth from 30 to…

Partners Condor International Resources (COD-V) and Spire Ventures (SVG-V) are planning another phase of exploration for the Sokan gold project, 100 km south of Sintang in Kalimantan, Indonesia.Follow…

ALUMINIUM: LME settlements US$1,462 per tonne (July 23, 1996), alloy US$1,220 per tonne (July 16, 1996).ANTIMONY: Composite free market, US$2,650 per tonne (July 22, 1996).BISMUTH: Composite free mark…

London Metal ExchangeMidday bid-ask prices in $US per tonneDateJuly 23July 22July 19July 18July 17…

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 …

Verena Minerals Holdings amalgamated with Verena Minerals Corporation (VMCO-C) and continue to use the name Verena Minerals Corporation.

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 as of July 18, 1996BGRCentralNet Value$23.19$6.44Price$18.00$6…

Wednesday, July 24, 1996Price (US)Week’s ChangeGold*$384.40+ $0.75Silver*$ 4.98…