Ashton begins drilling at Cross
Ashton Mining of Canada (TSE) is proceeding with a drilling program on its Cross property, in the southwestern region of the Northwest Territories’ Slave province.Work carried out there in 1995 led to…
News
Viceroy, Baja and Loki plan a three-way merger
A proposed merger among three Toronto-listed juniors — Viceroy Resources, Loki Gold and Baja Gold — is expected to reverse the perception that Viceroy has limited production potential.The combined c…
Inco takes spotlight, Falco waits in wings
In recent weeks, shareholders of Diamond Fields Resources (TSE) have been busy weighing various offers put on the table by two of the Western World’s largest nickel producers, Inco (TSE) and Falconbri…
Diavik bulk sample reflects past results
Initial processing of an underground bulk sample from the A-154 South pipe at the Diavik diamond project in the Northwest Territories is returning grades comparable to an earlier mini-bulk drill sampl…
Correction (April 08, 1996)
Alberta-listed Gowest Amalgamated Resources has received a letter of intent from Placer Dome (TSE) for an option agreement on the former’s McAlpine Lake property, west of Placer Dome’s Detour Lake min…
Aurizon cash flow slipped in ’95
Cash flow for Aurizon Mines (TSE) dipped to $4.4 million (or 12 cents per share) in 1995 from the $7 million (20 cents per share) reported in 1994.The company holds a half interest in the Sleeping Gia…
Trivalence gains ground in W. Africa
Junior Trivalence Mining (VSE) has set its sights on a former-producing alluvial diamond mine in Guinea, West Africa.The company intends to acquire all the shares of privately owned First City Mining,…
Cartaway to venture beyond Cabot Lake
Drilling on the Cabot Lake North property in Labrador returned disappointing results for Cartaway Resources (ASE), which is earning a 70% interest from Freeport Resources (VSE).Drilling, which has sin…
Spot Gold, Silver, Platinum and Palladium prices
Gold … London Bullion Dealers afternoon (morning) $US per oz.394.35(394.35)394.20(395.00)396.35(396.70)398.70(398.60)400.35(400.00)Gold … Bank of Nova Scotia, noon bid/ask $US per oz.392.00-…
Inmet feasibility study positive for Ovacik project
The total annual production of Inmet Mining (TSE) could top 300,000 oz. gold in 1997, following completion of a feasibility study on the Ovacik property in western Turkey.The study concludes that the …
Gold forum to highlight recovery methods
The Randol Gold Forum, an international conference and exhibition on gold extraction and recovery, will be held April 22-24 at Squaw Creek, Calif.The conference will focus on improved gold and silver …
Clarification (April 08, 1996)
A story on the Golden Hill property in Cuba (T.N.M. April 1/96) neglected to mention that companies other than MacDonald Mines Exploration (ASE) are involved in the project. MacDonald is operator of t…