Minorca Res. gets two CoWs
Minorca Resources (ME) will join with Indonesian-based PT Askatindo Karya Mineral to develop properties held by the latter in that country.Two of the Contracts of Work are on the island of Kalimantan,…
News
Copper Rand drilling confirms new resources
Seven more exploration holes have been drilled at depth in the Copper Rand mine near Chibougamau, Que., and owner MSV Resources (TSE) describes the results as “most promising.”MSV embarked on a drill …
Tax freeze key to future investment
In a measure designed to stimulate investment activity and create jobs in the mining sector, the Ontario government has frozen all taxes and fees relating to the industry.The Mining Land Tax has been …
DIAMOND NEWS — Namco finds diamonds off Namibian coast
Stepout sampling by Namco (VSE) off the coast of Namibia has uncovered diamonds in all 16 locations.The company took samples at 10-metre stepouts from the five discovery holes drilled in the sea floor…
Indomin adds to Indonesian holdings with two new acquisition gold projects
Junior Indomin Resources (VSE) has applied to expand its gold exploration in central and west Kalimantan.The two new applications cover about 255,000 hectares and host numerous alluvial gold showings….
EDITORIAL PAGE — The Yukon beckons
Back in the early 1990s, when Venezuela was attracting the attention of North American mining companies hoping to make major discoveries, a few geologists began looking towards West Africa as an exten…
GOLD FUNDS (February 05, 1996)
Gold Funds as of January 25, 1996BGRCentralNet Value$20.13$7.01Price$17.25$7.125Discount14.32%1.6%Value$157,406,000$128,957,513…
DIAMOND NEWS — Shore Gold acquires Saskatchewan diamond properties
The Fort a la Corne diamond play in Saskatchewan has attracted the attention of Shore Gold (ASE).Shore has acquired a half interest in claims totalling 4,654 hectares, next door to the Fort a la Corne…
Nebex Res. drills sulphide targets in Albania
Drill-testing of the copper-gold-zinc massive sulphide targets on Nebex Resources’ (ASE) Mirdita concession in Albania is under way.Previous drilling intersected a 3.3-metre interval averaging 3.7% co…
TORONTO STOCK EXCHANGE INDICES (February 05, 1996)
1996 Jan 30Jan 29Jan 26Jan 25Jan 24HighLowComposite”300″4987.874949.214901.184870.484864.144987.873983.34Metals&Minerals5232.735095.795041.115002.794958.315276.123273.56Integrated…
COMMENTARY — Environmental report championed
One month ago, Gordon Kirkby, member of Parliament for Prince Albert-Churchill River and chairman of the Standing Committee on Natural Resources, used this column to discuss the committee’s interim re…
Spot prices at a glance (February 05, 1996)
Wednesday, January 31, 1996Week’s Price (US) ChangeGold*$403.20+$0.20Silver*$ 5.52-$0.02Platinum*$418.25-$3.25Nickel**$ 3.84+$0.16Lead**$ 0.34+$0.01Copper $ 1.17+$0.02Zinca$ 0….