STOCK MARKETS — Yellow metal sings the blues
The Toronto Stock Exchange fell sharply over the report period ended June 11, dragged down by plummeting resource stocks. The TSE 300 composite index lost 118.19 points or 2.3%, falling to 5,106.32. G…
News
CORRECTION (June 17, 1996)
In our June 10 issue, a report on the Thorne gold property near Timmins, Ont., included a photograph of Robert Duess, vice-president of exploration for Band-Ore Resources (BNDR-C), who was erroneously…
Accident claims life in Kyrgyzstan
A Canadian man was killed in early June in an industrial accident in Kyrgyzstan.Kevin Lane, of Edmonton, Alta., was killed when he fell 12 metres while working at the Kumtor mill. The mill is part Cam…
Britannia rules the mine rescue awards
A mine rescue team from the New Britannia mine in Snow Lake, Man., has won first place at a provincial competition.The team beat out competitors from Hudson Bay Mining & Smelting’s Flin Flon, Leaf Rap…
Copper and nickel output slips as gold edges up
Canada produced an increasing amount of gold between March 1995 and March 1996, but the country’s production of silver, copper and nickel slipped.Production of lead, zinc and salt also increased over …
Band-Ore firms up Thorne
With 12,000 metres of drilling now completed, Band-Ore Resources (BNDR-C) has traced the gold-bearing zones at its Thorne property along a 300-metre strike length.New results from the property, 10 km …
Etruscan builds resource at Tiawa
The Tiawa gold concession in Niger, acquired last year by Etruscan Enterprises (EET-V), is proving to be as valuable an asset as the company’s stake in the nearby Koma Bangou concession.An estimate, b…
Antares pours first gold from Lady Lina mine
The first gold from the Lady Lina mine of Antares Mining & Exploration (ANZ-T) has been poured.Initially, Antares plans to mill ore from each of Lady Lina’s orebodies to determine its metallurgical ch…
Rea Gold records quarterly loss from operations
For the first three months ended March 31, 1996, owner Rea Gold (REO-T) recorded a loss of just under $1.2 million (or 3 cents per share), compared with a profit of $369,095 (1 cents per share) for th…
NovaGold continues its African expansion
Junior NovaGold Resources (NRI-T) has been increased its international exposure by optioning two gold properties in Africa.The company can acquire an unspecified interest in the projects by paying US$…
Asia raises funds for China
Asia Minerals (AMP-A) will invest $6 million from a recent private placement in the Yingezhuang gold mining joint venture in China’s Shangdong province.The partners aim to increase the mine’s annual p…
Geonova plans summer campaign
The 1996 summer exploration season is in full gear, reports Geonova Explorations (GNE-M).The junior will carry out stripping and sampling work on properties in Quebec. These include the Desjardins, Ri…