Nugget Resources exploring for Indonesian gold
Another Canadian junior, Nugget Resources (ASE), is joining the search for Indonesian gold.Nugget has obtained the exclusive option to buy a 5,000-hectare property, which lies on a gold-bearing trend …
News
STOCK MARKETS — Western markets manage to sustain recent momentum
Western markets managed to hold on to recent gains over the report period ended Feb. 20, despite gold’s slide below the US$400-per-oz. level.The Vancouver Stock Exchange composite index touched a new …
STOCK MARKETS — TSE slides as gold continues to atrophy
Interest rate worries set off a round of selling on the Toronto Stock Exchange last week, and the TSE 300 composite index had fallen to 4,963.80 by the close of trading Feb. 20. The close represented …
NEWS IN BRIEF (February 26, 1996)
Allan Resources (ALO: VSE) has changed its name to Fortress Financial (FFN:VSE).
Toronto Stock Exchange (February 26, 1996)
1996 Feb 20Feb 19Feb 16Feb 15Feb 14HighLowComposite”300″4963.805026.375044.605026.095059.695066.793983.34Metals&Minerals5145.515232.805278.455221.955256.985382.203273.56Integrated M…
Auriginor buys Voisey’s Bay interests
Montreal-listed Auriginor Exploration has acquired a 32% share of eight claim blocks from Palace Explorations (ME) in the Voisey’s Bay and Harp Lake regions of Newfoundland.To earn its interest in the…
Nord Pacific finds copper, gold in PNG
Exploration of copper and gold prospects near Papua New Guinea are paying off for Australian-based Nord Pacific (NASDAQ).On Simberi Island, bulldozer trenching at the Sorowar prospect discovered gold-…
EDITORIAL PAGE — What goes around, comes around
Copper producers have enjoyed robust prices of late, and though prices may weaken with an increase in supply, the long-term outlook for demand remains bullish.Many producers of the red metal have bene…
Golden Shamrock to up production in Ghana
Despite a decrease in production and an increase in cash costs over the past year, Golden Shamrock Mine (TSE) is looking to turn its operations around in 1996.Production at the Iduapriem gold mine in …
Claude drilling on Saskatchewan and Manitoba property
Claude Resources (ASE), Saskatchewan’s largest gold producer, is beginning underground diamond drilling at its Seabee gold mine, on the property surrounding it and on a newly acquired property in Mani…
Canarc Resource resumes drilling on Guyanese property
Drilling has resumed at the Baramita property in northwestern Guyana.The property is held under a joint-venture agreement between Canarc Resource (TSE) and Echo Bay Mines (TSE). The latter invested US…
Diadem focuses on base metal play
In Newfoundland, drills are turning on the Pekan River property of Diadem Resources (ME).The property, which straddles the Quebec-Newfoundland border 50 km south of Wabush, Nfld., covers a copper-nick…