Golden Bear mine will not roar until 1997
A self-imposed deadline to acquire financing by May 10 for a proposed heap-leach operation at the Golden Bear mine in northwestern British Columbia was not met. As a result, North American Metals (VSE…
News
Golden Star signs deal for Andorinhas
Golden Star Resources (TSE) has signed an agreement with Brazilian mining giant Companhia Vale do Rio Doce (CVRD) for the Andorinhas gold project.Golden Star signed the deal through its wholly owned s…
LETTER TO THE EDITOR — Hecla sets the record straight over Mexico’s Fortuna property
Enough is enough! I cannot sit back and watch a company’s reputation maligned by inaccurate reporting. Your article (T.N.M., March 11/96) reported that Hecla Mining missed what War Eagle Mining discov…
STOCK MARKETS — Junior deals strengthen western markets
The Vancouver Stock Exchange continued its impressive run, with the composite index advancing 66.44 points to finish at 1,361.01 for the report period ended May 14. The resource index soared 137.71 po…
THE DIAMOND PAGE — Trade Winds collects sample
Junior Trade Winds Resources (VSE) has recovered several tonnes of kimberlite from drilling of the Drybones Bay pipe, in which it can earn an 80% interest.Situated 50 km southeast of Yellowknife, N.W….
DIAMOND PAGE — Drilling continues at Afridi Lake
Initial processing of the first sample from the 5009A kimberlite at the Afridi Lake property in the Northwest Territories has confirmed the pipe is diamondiferous.Cypango Ventures (VSE) will release r…
Odds ‘n’ Sods — Waiting for the cake
Production of yellow cake from the Quirke in Elliot Lake, Ont., began in the summer of 1956, and expectations were high.During the break-in period, all systems appeared to function and perform as plan…
Queenstake plans Chupaca drilling
In June, diamond drilling will begin on the Chupaca property in Peru, according to Queenstake Resources (TSE).Surface work by Queenstake Resources (TSE) has identified a gold anomaly measuring 700 by …
CDA elects board at annual meeting
The election of a new board of directors was one of the highlights for the 110 delegates who attended the 53rd annual convention of the Canadian Drilling Association, held May 1-3 at Nova Scotia’s She…
DIAMOND PAGE — Diadem Res. finds diamond fragments in California
A drill hole at Diadem Resources’ (ME) property near Leek Springs, Calif., has returned 235 diamond fragments.The fragments were recovered from samples representing 120 ft. of lamproite between 36 and…
GREATEST VALUE TRADED, May 8-14
Value($000s)HighLowCloseChangeDiamond Flds T171056$42.9541.8041.90-0.75Inco Ltd T166066$47.7046.3046.45-0.60Cartaway Res A151534$16.503.2513.25+9.65BRE-X Mnrls T102894$216….
Gold Funds (May 20, 1996)
Gold Funds as of May 9, 1996BGRCentralNet Value$25.81$6.76Price$20.45$6.900Discount20.77%2.1%Value$201,788,000$124,885,170…