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…
News
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…
PRODUCER PRICES (April 08, 1996)
ALUMINUM: MW U.S. market US76-77 cents per lb. (March 22, 1996).ANTIMONY: MW New York dealer US$1.85-2.00 per lb. (Feb. 29, 1996).BISMUTH: MW New York dealer US$3.90-4.05 per lb. (Feb. 29, 1996).CADMI…
Northern Crown drills in Mexico (April 08, 1996)
Drilling is under way on nine targets at the Mesa Galindo project in Mexico.Northern Crown Mines (VSE) has received results from eight holes drilled on three separate bulk-tonnage targets, which retur…
Arimetco to restart Paradise Peak
Toronto-listed Arimetco International is moving ahead with plans to reactivate the Paradise Peak gold mine in Nevada.The company requires another two months to prepare the leach pads and recondition t…
PEOPLE (April 08, 1996)
ABACUS MINERALS — Ken Thornsen appointed director.ACE DEVELOPMENTS — Jacek Pawlowski appointed vice-president of finance and chief financial officer.ATNA RES. — Lukas Lundin appointed director; Nan…
Birim extends Mampon showing
Drilling by Birim Goldfields (CDN) on the Dunkwa property in Ghana has extended the length of the Mampon zone by 150 metres.Another four holes extended the strike length, which remains open in both di…