Lithos finds gold on Guinean property
On its recently optioned property in Guinea, Lithos (ME) has identified an alluvial gold deposit with a resource exceeding 200,000 oz. grading 0.12 oz.gold per ton.Lithos must pay the Guinean vendor U…
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EDITORIAL PAGE — Cracking down
A few years back, some hot assay results were reported by a junior company exploring a gold project in California. The geologist working on site noted the presence of visible gold in core from the dri…
Conversion of Weights and Measures (April 29, 1996)
1 troy oz. = 31.1 grams1 kilogram = 32.15 troy ounces1 kilogram = 2.2046 pounds1 (metric) tonne = 1,000 kilograms1 (metric) tonne = 2,204.6 pounds1 (short) ton = 2,000 pounds1 (metric) ton…
Toronto Stock Exchange Indices (April 29, 1996)
1996 –Apr. 23Apr. 22Apr. 19Apr. 18Apr. 17HighLowComposite “300”5116.945095.505069.575068.655062.905095.503983.34Metals&Minerals5509.135466.625474.115499.485513.285548.643273.56Int…
Spot prices at a glance (April 29, 1996)
Wednesday, April 24, 1996Week’sPrice (US)ChangeGold*$391.10-$0.30Silver*$ 5.32+$0.01Platinum*$403.25+$1.50Nickel**$ 3.61-$0.08Lead**$ 0.370.00Copper $ 1.20+$0.03Zinca$ 0.47…
BYG forming new Yukon company
A newly formed subsidiary of BYG Natural Resources (TSE) will take over that company’s exploration properties, so that BYG itself can concentrate on advancing its Mt. Nansen gold-silver property in th…
Financing (April 29, 1996)
Triton Mining — 3,500,000 Common Shs issuable upon exercise of Special Wts previously isssued @ $5.10 per Special Wt.
GOLD FUNDS (April 29, 1996)
Gold Funds as of April 18, 1996BGRCentralNet Value$24.47$6.66Price$18.80$6.850Discount23.17%2.9%Value$191,308,000$123,980,205…
Cameco earnings nearly double in first quarter
Increased uranium sales helped Cameco (TSE) nearly double its first-quarter earnings to $22 million (or 42 cents per share) this year from $12 million (23 cents per share) in 1995.But Cameco cautioned…
Tests prove positive for Curator Res.
Metallurgical tests are confirming metal recoveries for International Curator Resources (TSE) at its Boleo copper-cobalt project in Baja California Sur, Mexico.The program includes orebody characteriz…
Sutton management wins round of proxy fight
The proxy battle for control of Sutton Resources (VSE) is over for the time being.At a recent meeting, management of Sutton overturned an attempt by James Sinclair to replace the entire board of direc…
COMMENTARY — Responsible mining abroad
Plain common sense and adherence to ethical standards are the best guides to carrying out mining activities in the developing world.Nevertheless, in the words of the great modern thinker and writer, J…