Teck opts out of Galaxy project
Exploration of the Galaxy property, 15 km southwest of Kamloops, B.C., is in a holding pattern following the decision by Teck (TSE) to drop its option on the project.Getchell Resources (VSE) will reta…
News
Barrick profit even in first quarter
First-quarter income improved only slightly for Barrick Gold (TSE) in 1996 as increased exploration and development expenditures took a bite out of higher revenues.The major reported a first-quarter i…
Gold-bearing structures found at Amphi
Surface drilling on the East Amphi property near Malartic, Que., continues to identify new gold-bearing structures for Placer Dome (TSE).The company can earn a 51% interest in the property from Breakw…
METAL PRICES — FREE MARKET (April 29, 1996)
London Metal ExchangeSpot closing prices in $US per tonneDateApril 23 April 22April 19April 18April 17Copper2680-2682 2663.5-2665.5 2646-26482607-26092594-2595Lead820-822 817-818 818-819 81…
Farley Lake partners firm up deep zone
Drilling at the Farley Lake gold deposit in northwestern Manitoba has confirmed earlier grade estimates in the Southeast zone.Partners Granduc Mining (TSE) and Black Hawk Mining (TSE) are investigatin…
Oracle Ridge mine calls it quits
Operating losses at the Oracle Ridge underground copper mine in Arizona have prompted 70% owner Santa Catalina Mining (VSE) to shut down the operation.Santa Catalina cited problems with crushing and m…
PRODUCER PRICES (April 29, 1996)
ALUMINIUM: MW U.S. market US74.25-75.25 cents per lb. (April 19, 1996).ANTIMONY: MW New York dealer US$1.80-$1.95 per lb. (April 5, 1996).BISMUTH: MW New York dealer US$3.90-4.00 per lb. (April 19, 19…
Solitario options property in Peru
Solitario Resources (TSE) has signed an option agreement with Britannia Gold (VSE) to earn a 60% interest in the Tigre gold property in northern Peru.Solitario must spend US$900,000 on exploration and…
Index (April 29, 1996)
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Northfield continues Macuchi drilling
Drill results from the Macuchi property in Peru have enabled Northfield Minerals (TSE) to confirm a bulk-minable gold zone in the Mercedes mine area.Significant results were returned from surface hole…
BMG signs deal with Washington for Crown Jewel
In an effort to accelerate the permitting process at its Crown Jewel gold project, Battle Mountain Gold (NYSE) has signed a scheduling agreement with the state of Washington.Mine construction is expec…
Western markets continue upward trend
Western markets continued to trend upwards over the report period ended April 23. The Vancouver Stock Exchange composite index rose 26.22 points to 1,190.59, while the resource index tacked on 57.96 p…