TVX options Triton’s project
Vancouver-based Triton Mining (TSE) will enter a joint-venture option agreement with TVX Gold (TSE) to develop the junior’s India gold project in Nicaragua.The India project, which lies 50 km east of …
News
STOCK MARKETS — Western markets propelled by $400-per-oz. gold
With gold rising above the US$400-per-oz. level, western markets gathered steam over the report period ended Jan. 23. The Vancouver Stock Exchange resource index soared 120.77 points, to close at 1,49…
Lamproite discovered in California
Results from two drill holes have enabled Diadem Resources (ME) to confirm the presence of a lamproite dyke on its property in Leek Springs, Calif. The holes, in conjunction with stream sediment sampl…
DIAMOND News Roundup — Russians, De Beers extend deal
South African-based De Beers Consolidated Mines and the government of Russia have agreed to extend their diamond sales agreement for one month.The agreement, which gives De Beers the exclusive right t…
Drilling tests gold target near Red Mountain
After waiting more than two months for drill results from the Red Mountain area gold property near Stewart, B.C., partners Teuton Resources (VSE) and Minvita Enterprises (VSE) learned that initial rea…
NEWS IN BRIEF (January 29, 1996)
Foch Consumer Electronics (FCE:VSE) has changed its name to Hawkeye Gold (HAW:VSE) on a 1-new-for-5-old-share basis.
Sheridan, Northern Platinum drop suit
The lawsuit initiated by J.P. Sheridan and Northern Platinum (VSE), of which he is a director, against All-North Resources (VSE) has been dropped.As a result, the option agreement covering the Wellgre…
Kookaburra to focus on Tacaza
A previously announced agreement to acquire mineral assets in Peru will not be proceeding, reports Kookaburra Resources (TSE).Instead, the company will concentrate on its Tacaza copper project in Peru…
African Minerals eyes Zambian copper property
Privately owned African Minerals will enter discussions with state-owned Zambia Consolidated Copper Mines (ZCCM) regarding the acquisition of a majority position in the Konkola North property.Konkola …
Pacific Bay Minerals adds to property holdings in Yukon
Pacific Bay Minerals (VSE) is acquiring additional ground in the Finlayson-Wolverine Lake area of southeastern Yukon.The discovery of the ABM base metal deposit by Cominco (TSE) at its Kudz Ze Kayah p…
Index (January 29, 1996)
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Eastern Newfoundland welcomes new antimony-mining operation
It may not be gold, or even nickel, but the large deposit of antimony discovered near this air traffic centre could soon be worth $15 million a year to Roycefield Resources (ASE).Antimony is a brittle…