NEWS IN BRIEF (April 15, 1996)
Remington Creek Resources (RCR:VSE) has changed its name to Grayd Resource (GYD:VSE) on a 1-new-for-3-old-share basis.
News
Continental Pacific on Run in N.W.T.
Drilling is set to begin on the Run property near Coronation Gulf in the Northwest Territories.Continental Pacific Resources (TSE) will follow up last year’s program on the Qaruik horizon, which retur…
Nebex to acquire Albanian deposits
In Albania, Nebex Resources (ASE) will acquire 11 copper deposits within the 400-sq.-km Mirdita concession held by state-owned Albanian Copper. The volcanogenic massive sulphide deposits, including fo…
STOCK MARKETS — Golds and base metals occupy bright spot
Gold and base-metal issues rose last week, bucking the overall downward trend on the Toronto Stock Exchange. For the period April 3-9, the TSE 300 composite index fell fractionally, losing 17.46 point…
THE DIAMOND PAGE — Four rigs turning on AK property
A 100-tonne mini-bulk sample is being extracted from the 5034 kimberlite pipe at the AK property in the Northwest Territories.A joint venture, the AK is held 50% by Mountain Province Mining (VSE), 40%…
Laguna to list on Toronto Exchange
Laguna Gold, an 80%-owned subsidiary of Mallon Resources (NASDAQ), is gaining some independence as it proceeds with plans to gain a listing on the Toronto Stock Exchange.Laguna hopes to list its share…
Inco’s empire set to expand Falconbridge retreats in battle for Voisey’s Bay
While it lost the prize of Voisey’s Bay to Inco (TSE), Falconbridge (TSE) does not walk away empty-handed, and may yet have its own chunk of Voisey’s Bay nickel.Nevertheless, Falco President Frank Pic…
Golden Bear mine prepares to reopen
The Golden Bear mine in northwestern British Columbia is poised to reopen this summer, following a positive feasibility study for a proposed heap-leach operation.The study, which was conducted on the …
Outokumpu advances Aussie nickel find
An exceptionally high-grade nickel deposit in Western Australia has been advanced to the feasibility study stage by partners Outokumpu and Mining Project Investors.Discovered in the fall of 1995, the …
Curator placement will advance Boleo
A private placement of 400,000 units at $12.50 each will net $4.7 million for International Curator (TSE) after commissions.The units include a share and half a warrant, with each whole warrant good f…
St. Genevieve spreads wings
Already a force in Ethiopian mineral exploration, St. Genevieve Resources (TSE) has been granted a large new concession with placer gold potential.The Serkole concession, situated in Ethiopia’s Benish…
Bre-X outlines mineralization at Busang gold project
Alberta-listed Bre-X Minerals continues to post drill results from its Busang project in Kalimantan, Indonesia.Drill results have been released for two new cross-sections of the Busang drill grid. The…