Resource stocks up in otherwise gloomy market
The Toronto Stock Exchange felt the effects of New York’s bad days last week, but rallied to finish the period ended March 12 with only a fractional loss. The TSE 300 composite index was down 59.72 po…
News
Attwood acquiring Slovakian properties
The acquisition of a 70% stake in Takama Resources will give Attwood Gold (VSE) an interest in gold properties in Slovakia.In return for the interest, Attwood will pay Takama an aggregate of $600,000 …
Gold Funds (March 18, 1996)
Gold Funds as of March 7, 1996BGRCentralNet Value$23.18$6.77Price$19.00$6.875Discount18.05%1.6%Value$181,266,000$124,432,688…
MEMS meeting aims to address global challenge
Communication among industry, researchers and government worldwide will be the focus of the fifth annual meeting of the Mineral Economics and Management Society (MEMS), to be held at the Delta Hotel i…
COMMENTARY — Activity in Alaska heats up
Alaskan exploration expenditures in 1994 were reported as US$31.1 million, up slightly from US$30.3 million in 1993. Although more exploration expenditures were reported in the southeastern region of …
FreeGold reports Golden Summit holes
VSE-listed International FreeGold Mineral Development has completed a second round of drilling on the Dolphin zone at its 26,000-acre Golden Summit project, 20 miles northeast of Fairbanks, Alaska.Fre…
Demand adds to its holdings in the Yukon
Additional staking is expanding the ground position of Demand Gold (VSE) in the Wolverine Lake-Kudz Ze Kayah area of southeastern Yukon.The company acquired a 68-claim block covering a broad magnetic …
Swiss gold sought by Isleinvest
As a first step in the expansion of its activities, Isleinvest (ASE) has agreed to acquire the Swiss mining claims and related assets of Societe d’Exploration d’Or Helvetique of Toronto.Subject to the…
Index (March 18, 1996)
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New massive sulphide zone at Balsam
A drill hole has intersected a massive sulphide zone at Saskatchewan’s Balsam project, 60 km southwest of Flin Flon, Man.The project is a joint venture of Troymin Resources (ASE) and Aur Resources (TS…
Patrician and JCI to form alliance
South African-based JCI intends to acquire up to a 20% interest in Patrician Gold Mines (ASE).The senior producer has signed a letter of intent to buy 2 million Patrician special warrants at 75 CENTS …
Casmynfinds gold in Zimbabwe
Seven new gold-bearing reefs have been found by Nevada-based Casmyn (USOTC) around the Turk mine in central Zimbabwe.The reefs cover a strike length of 240 metres, and drilling intercepted the gold mi…