Agate Bay, partner drilling at Pachina
Partners Agate Bay Resources (ABE-V) and Demand Gold (DOT-V) have drilled six reverse-circulation holes at the Pachina prospect in Chile.The property covers widespread copper-gold showings within a ge…
News
EDITORIAL PAGE — Metals demand in the next century
Before the discovery of the Voisey’s Bay deposit in Labrador, nickel was not a common exploration target of junior companies. Now it appears to be one of the most sought-after metals in the world, wit…
Sadiola mine to pour gold by year-end
The Sadiola Hill mine in Mali is 75% complete and is expected to pour its first gold by the end of 1996.”Even at this early stage in its development, Sadiola will rank amongst the top 25 gold mines in…
Nevsun cuts high-grade gold at Tabakoto
As part of an ongoing drill program at the Tabakoto gold project in the Kenieba region of western Mali, 90% owner Nevsun Resources (NSU-T) has announced drill results from 16 holes.Further testing alo…
Armada merger with Nescor gets nod
Shareholders of Armada Gold (AAU-A) voted in favor of a merger with Robert Friedland’s private company, Nescor.Friedland was elected co-chairman at Armada’s recent annual meeting, joining incumbent bo…
Junior and major team up in Guyana
The government of Guyana has signed an agreement of intent with two mining companies interested in the country’s gold potential.Under the agreement, Placer Dome (PDG-T) will explore prospective proper…
Dia Met mum on target location
Dia Met Minerals (DMM-T) has identified more than 80 geophysical targets in areas marked by anomalous diamond indicator minerals. But the company says it will not disclose the location of the targets …
Spot prices at a glance (July 08, 1996)
Wednesday, July 3, 1996Week’sPrice (US)ChangeGold*$382.50- $1.50…
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…