Ontario, natives reach mineral development deal
A major obstacle that discouraged mineral development on Ontario’s native reserves has been overcome.An agreement between the Ontario government and the Eabametoong First Nation will repeal provisions…
News
NEWS IN BRIEF (June 24, 1996)
Multinational Resources (MUT-V) has changed its name to New Guinea Gold (NGG-V) on a 1-new-for-5-old-share basis.
BASE METALS SPECIAL — Ursa Major takes shine to Kazakhstan
Newly listed Ursa Major International (URSA-C) will explore for copper-gold deposits in Kazakhstan.Indirectly, the company holds a 56.6% interest in four licences covering 4,208 sq. km.The Koktasjal l…
BASE METALS SPECIAL — MIM of Australia eyes Keltic ground
Through a subsidiary, Mount Isa Mines of Australia has secured an option to earn an interest in five Panamanian properties. The properties are, in turn, held by a 60%-owned subsidiary of Western Kelti…
Index (June 24, 1996)
CareersClassified AdvertisingCommentaryDiamond PageDividendsDrillersEditorialsInvestment CommentaryMetal PricesOdds ‘n’ SodsPeopleProfessional DirectoryStock MarketsSubscriber ServiceThe Northern Mine…
Meetings (June 24, 1996)
June 24, Int’l Mining June 24, Thor ExplorationsJune 24, Timbuktu GoldJune 25, Abacus MineralsJune 25, Adex MiningJune 25, AnvilJune 25, AurexJune 25, Banner MiningJune 25, FairfieldJune 25, GoldcorpJ…
EDITORIAL PAGE — Scams and scoundrels
When markets are hot, scoundrels come out of the woodwork. That is the only way to explain the recent Timbuktu Gold fiasco, a salting scam that lured in unsuspecting investors by conjuring up the roma…
American Exchange unveils gold index
At a conference in Manhattan, the American Stock Exchange (AMEX) demonstrated an interest in the yellow metal by introducing a new index of selected gold mining companies.Known as Gold BUGS, the index…
Chesbar negotiates in Venezuela
Exploration of La Salle I, a gold property of Chesbar Resources (CBI-M) in eastern Venezuela, has been postponed until after aquisition negotiations are completed.Chesbar owns 80% of the concession an…
BASE METALS SPECIAL — Paramount tests sedimentary belt
Ongoing exploration by Paramount Ventures & Finance (PVF-V) in Argentina’s Salta province has confirmed the presence of a previously unrecognized, sedimentary copper belt analogous to that of a copper…
DIAMOND PAGE — Tabora kimberlite yields gem diamonds
Bulk sampling has revealed that the Tabora kimberlite pipe in Tanzania contains high-quality diamonds.Tan Range Exploration (TNX-A) recovered 16 high-quality gem diamonds from a 384-ton sample. The di…
BASE METALS SPECIAL — Three drills testing Campo Morado
A drill program employing three rigs is testing a massive sulphide target at the Campo Morado project in Mexico’s Guerrro state.Owner Farallon Resources (FAR-T) says the 543-sq.-km property hosts more…