Index (April 22, 1996)
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GOLD FUNDS (April 22, 1996)
Gold Funds as of April 11, 1996BGRCentralNet Value$24.07$6.78Price$19.25$7.125Discount20.03%5.1%Value$188,206,000$128,957,513…
THE DIAMOND PAGE — Botswana Diamondfields attains producer status
With an agreement to purchase the Roberts Victor (Rovic) diamond mine in South Africa for US$4.3 million, junior explorer Botswana Diamondfields (VSE) may become a producer by the end of May.Situated …
PEOPLE (April 15, 1996)
AMAX GOLD — Scott Shellhaas appointed president and chief operating officer.CONS. NRD RES. — Brent Fidler and Derek Keating appointed directors.CORDAL RES. — Bernie Brauer appointed director; Rober…
Kenrich prepares to drill Corey property
A $1.4-million drilling and exploration program is set to begin on the Corey property in northwestern British Columbia.Kenrich Mining (VSE), which owns the 83,000-acre property, will drill 40 holes in…
FINANCING (April 15, 1996)
International CanAlaska — 5,720,000 common shs and 2,600,000 sh purchase wts issuable upon exercise of 5,200,000 special wts @ $1.00 per special wt.
THE DIAMOND PAGE — De Beers to prospect in Angola
Following the conclusion of negotiations with the government of Angola and the country’s state-owned diamond company, Endiama, De Beers has been awarded diamond prospecting rights to three areas.De Be…
THE DIAMOND PAGE — Ashton discovers new kimberlite at Cross
Spring drilling at the Cross property in the Northwest Territories’ Slave province has encountered kimberlite.Ashton Mining of Canada (TSE) made the find while drilling the second hole at the Orion in…
Spot prices at a glance (April 15, 1996)
Wednesday, April 10, 1996Week’sPrice (US)ChangeGold*$394.55+$0.75Silver*$ 5.46-$0.05Platinum*$406.00+$0.75Nickel**$ 3.60-$0.04Lead**$ 0.38+0.02Copper $ 1.13$0.00Zinca$ 0.48+…
Gibraltar nets labor contract at B.C.’s McLeese Lake Mine
An agreement with the union at the McLeese Lake mine in central British Columbia provides mine owner Gibraltar Mines (TSE) with a new 3-year labour contract.The agreement was ratified by a 72% majorit…
Fairfield looks for new partner
The decision by Fairfield Minerals (TSE) President John Stollery to retire has prompted the company to consider a merger or joint venture with another company or companies.Stollery cited health proble…
OBITUARY — Ivan Christopher
Ivan Christopher, a pioneer in the field of geophysics and exploration in Canada, has died. He was 80.Mr. Christopher graduated in 1938 from the University of Saskatchewan as a mining engineer and geo…