Fairstar to fund Ghanaian exploration
Following exploration of its Benso concession in Ghana, Fairstar Explorations (ME) has entered into a $6.5-million agreement to fund further work.The 150-sq.-km concession is on the eastern side of th…
News
South Atlantic gains rights to review Zairian prospects
An agreement with Sominex, a company based in Zaire, gives South Atlantic Diamonds (VSE) the exclusive right to review seven diamond mining prospects in West Kasai.The company is paying Sominex US$25,…
Monopros resumes work at Misty Lake
Exploration is about to begin on the 216,000-acre Misty Lake kimberlite property in the Northwest Territories.Monopros, which can earn an initial 51% interest by spending $4.7 million over five years,…
FINANCING (April 01, 1996)
Stampeder Exploration — 10,000,000 shs @ $5.00 per sh.
NEWS IN BREIF
Minerva Gold Mines (MVM:VSE) has changed its name to Consolidated Minerva Gold Mines (MNV:VSE) on a 1-new-for-3-old-share basis.
Bema, Arizona Star expand Cerro Casale
Deep drilling on the Aldebaran property in north-central Chile is confirming the presence of a high-grade oxide deposit below the known Cerro Casale deposit.As a result, joint-venture partners Arizona…
Stroud confirms extensions at Leckie
A drill program at the Leckie property near Temagami, Ont., has extended the strike length of the known gold mineralization to 365 from 330 metres.Ten diamond drill holes intersected mineralization wi…
PRODUCER PRICES (April 01, 1996)
ALUMINUM: MW U.S. market US75.5 cents-76.5 cents per lb. (March 15, 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, 1…
Chase and BHP enlarge holdings
Partners Chase Resource (TSE) and BHP Minerals are expanding their ground position in the Philippines by acquiring more than 110,000 hectares in Aurora and Nueva Ecija provinces.The claims are at the …
Newmont and Sumitomo to join forces in S.E. Asia
Although still subject to a definitive agreement, Newmont Gold (NYSE) and Japanese-based Sumitomo plan to develop jointly the Batu Hijau copper-gold porphyry deposit on the Indonesian island of Sumbaw…
Redaurum recovers more diamonds
Since the start of the year, Redaurum (TSE) has sold diamonds from all four of its operating properties, resulting in an average price per carat of US$141.That figure, however, excludes the sale of an…
TSE INDICES (April 01, 1996)
= 1996 = Mar 26 Mar 25 Mar 22 Mar 21 Mar 20 High LowComposite “300” 4985.21 4967.27 4952.63 4946.74 4961.34 5066.79 3983.34Metls & Minerals 5403.84 5343.08 5335.86 5346.12 5381.70 5463.82 3273.56 I…