Condor, Spire to explore in Kalimantan
Partners Condor International Resources (VSE) and Spire Ventures (VSE) will acquire an 85% interest in the Sokan gold project on the Indonesian island of Kalimantan.Each company will issue US$350,000 …
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Companies (February 05, 1996)
INDEXAkeroki-AshntiAkiko GoldAltra VenturesAmax GoldAsia PacificAurizon MinesAvalon VenturesBand-OreBarrick GoldBattle Mtn GldBema GoldBolivar GldfldsBre-X MineralsCambiorCamecoCampbell Res.Canarc Re…
Network reports new trading record
The Canadian Dealing Network, the nation’s major trading mart for over-the-counter stocks, has set a trading record for the third consecutive year.Trading volume in 1995 was close to 1.7 billion share…
Meetings (February 05, 1996)
MEETINGSFeb. 12, Winspear Feb. 13, Blackwater GoldFeb. 13, Coast FalconFeb. 13, RochesterFeb. 14, AndersonFeb. 15, BordunFeb. 15, Glen AudenFeb. 15, Ideal MetalFeb. 15, Misty Mountain Feb. 15, Opawica…
Canarc to go underground at Polaris-Taku
Canarc Resource (TSE) is proceeding with a $5-million feasibility study on its fully owned Polaris-Taku gold project in northwestern British Columbia, following a positive assessment of the project’s …
Golden Bear ready to roar in ’96
With new minable reserves calculated for the Kodiak A and Ursa deposits, North American Metals (VSE) is preparing to begin a 170,000-tonne heap-leach operation at its Golden Bear property in northwest…
Barrick to develop third mine at El Indio
Exploration at the Chilean project known as El Indio has uncovered a new gold deposit, and Barrick Gold (TSE) expects it will form part of what would be its third mine in South America.The Pascua mine…
METAL PRICES — FREE MARKET (February 05, 1996)
London Metal ExchangeSpot closing prices in $US per tonneDateJan. 30 Jan. 29Jan. 26 Jan. 25 Jan. 24Copper2550-2553 2504-25062497-2502 2548-25532560-2565Lead724-725 716.50-717.5720.5-721.5 7…
Santa Cruz explores Mexican gold project
Trenching on the Escobal gold project in Mexico’s Sinaloa state has enabled Santa Cruz Gold (CDN) to outline gold mineralization.Results include 39 metres of 1.1 grams gold per tonne, 84 metres of 1 g…
Cyprus grabs Taurus by the horns
Now that metallurgical tests have confirmed its expectations for gold recovery, Cyprus Canada will proceed with the next phase of exploration at the Taurus project, near Cassiar, B.C.The company, a wh…
Greenstone expands its Libertad concessions
A US$1.5-million exploration program at the Libertad concessions in Nicaragua is bearing fruit for Greenstone Resources (TSE).Four new zones of gold mineralization have been identified, two of which h…
Amax Gold posts loss for past year
Declining operating costs were not sufficient to stave off a year-end loss for Amax Gold (NYSE).The company recorded a net loss of US$23.9 million (or 36 cents per share) in 1995, which is nevertheles…