Minefinders drills Bolsa oxide zone
Drilling at Minefinders’ (VSE) Bolsa property in Mexico’s Sonora state is testing a near-surface, highly oxidized zone of gold-silver mineralization.Mineralization has been tested over a strike length…
News
Goldstake grabs Indonesian ground
Shareholders of Goldstake Explorations (TSE) will meet on March 14 to approve share issues to finance the acquisition of three properties in Indonesia.Goldstake has already announced the acquisition o…
U.S. Hall of Fame set to expand
The National Mining Hall of Fame and Museum is constructing a replica of a coal mine.The museum already features a walk-through replica of a hardrock mine (complete with twisting caverns, mine timbers…
High uranium price adds value to Cameco
Toronto-listed Cameco has posted its best-ever year-end results, thanks to a 25% increase in the spot price of U3O8 and record sales for uranium concentrates.Spot prices of U3O8 jumped to US$12.20 per…
METALS MARKET — Gold rally is showing signs of fizzling out
Predicting gold prices is not for the faint of heart. Nevertheless, when the price broke through US$400 per oz. in early February, several analysts noted that the yellow metal was clearly in an uptren…
Kinbauri starts drilling at Dossi
Kinbauri Gold (CDN) has begun reverse-circulation drilling at the Dossi gold concession in Burkina Faso to test a soil-geochemical anomaly 18 km long and 0.5-4 km wide.Kinbauri is earning a 65% intere…
Aranlee to earn interest in eight Argentine properties
Aranlee Resources (VSE) has begun preliminary exploration on eight properties in the northwestern Argentine provinces of Salta and Jujuy.The company is earning a 70% interest in the properties by payi…
Stratabound gets Taylor Brook results
Stratabound Minerals (ASE) continues to receive encouraging results as it drills downdip from known mineralized zones on its Taylor Brook project, southwest of Bathurst, N.B.An intersection of 41.8 me…
Producer prices (February 26, 1996)
ALUMINUM: MW U.S. market US74.5 cents-75.5 cents per lb. (Feb. 9, 1996).ANTIMONY: MW New York dealer US$2.00-2.20 per lb. (Dec. 8, 1995).BISMUTH: MW New York dealer US$4.05-4.30 per lb. (Feb. 2, 1995)…
PEOPLE — ZAMORA GOLD
A. Ali appointed chief financial officer.
Antares buys share in Rappa Holdings
Canadian junior Antares Mining & Exploration (TSE) has agreed to buy a 50% equity interest in Rappa Holdings, a South African-based gold producer.Antares will pay $5 million for the interest in Rappa,…
PEOPLE — YUMA GOLD (February 26, 1996)
David Shaw appointed president and chief executive officer.