Correction (May 27, 1996)
Fortune Minerals (CDN) can earn a half interest in the Sue-Dianne property of Noranda (TSE), near Fortune’s Nico discovery at Mazenod Lake, N.W.T.Provided Fortune earns this interest, Noranda can then…
News
SOUTHEAST ASIA SPECIAL — Nord Pacific drills hit more gold on Tabar Islands
Drilling by Nord Pacific (NASDAQ) is extending oxide gold mineralization at several prospects on its wholly owned Tabar Islands gold project in Papua New Guinea.The Tabar Islands are four in number: S…
SOUTHEAST ASIA SPECIAL — Yamana closes deal with Barrick
Toronto-listed Yamana Resources has closed a financing with Barrick Gold (TSE) that will aid its exploration efforts on the Indonesian island of Kalimantan.The financing effectively converts US$7.2 mi…
PRODUCER PRICES (May 27, 1996)
ALUMINIUM: Composite free market US70.7 cents per lb. (May 21, 1996).ANTIMONY: US$1.95 per lb. (May 21, 1996).BISMUTH: Composite free market US$3.71 per lb. (May 10, 1996).CADMIUM: Composite free mark…
THE DIAMOND PAGE — Kensington reaches deal to buy South African diamond mines
A wholly owned subsidiary of Diamond Fields Resources (TSE) will sell its Loxton Dal and Frank Smith diamond mines in South Africa toSaskatchewan-oriented diamond and nickel explorer Kensington Resour…
TORONTO STOCK EXCHANGE INDICES (May 27, 1996)
1996 May 21May 20May 17May 16May 15HighLowComposite”300″5238.25N/A5220.505208.345212.955238.253983.34.Metals&Minerals5438.67N/A5466.615480.765529.915635.253273.56.Integrated Mine52…
SOUTHEAST ASIA SPECIAL — Chase projects attract major interest
Long before it was fashionable to explore for minerals in Southeast Asia, Chase Resource (TSE) had amassed an impressive portfolio of properties in the Philippines. In recent years, these projects hav…
Poor results deflate Cartaway
Disappointing assay results from one of its Labrador properties have brought skyrocketing Cartaway Resources (ASE) back to Earth, dragging the owners of neighboring properties back down with it.Assays…
SOUTHEAST ASIA SPECIAL — Goldstake working on Java
Although the attention of mining companies has been fixed on Kalimantan, it is worth remembering that all the islands of the Malay Archipelago were born of volcanism. And where there is volcanic actio…
SOUTHEAST ASIA SPECIAL — Jonpol and Indocan get permit
Junior partners Jonpol Explorations (TSE) and Indocan Resources (NASDAQ) report that the Indonesian government has confirmed ownership of their B Block, 16 km north of the Busang gold deposit.Jonpol h…
SOUTHEAST ASIA SPECIAL — Colony Pacific forms an alliance with Inco
Vancouver-based junior Colony Pacific Explorations (TSE) will form an alliance with Inco (TSE) to explore and develop mineral deposits in Indonesia.The alliance will be restricted to Sumatra, initiall…
CMCA announces new directors
The Canadian Mining Contractors Association has announced a new board of directors. The members were elected at the organization’s annual meeting in Edmonton, Alta.The board now includes: Robert Brown…