Metal Prices — FREE MARKET (January 08, 1996)
London Metal ExchangeSpot closing prices in $US per tonneDateJan. 2 Jan. 1Dec. 29 Dec. 28 Dec. 27Copper2805-2810N/A2795-27972890-28952844-2846Lead696-697N/A714-715711-712719.5-720.5Z…
News
Gold Reserve increases resource
New calculations by Gold Reserve (TSE) have increased the estimated gold resource at the Brisas concession in the Kilometre 88 region of southern Venezuela.The estimate jumped to 4.1 million from 3.6 …
Freewest deals options on New Brunswick plays
Freewest Resources (TSE) has closed its office in Bathurst, N.B., but exploration on at least three of its holdings in that province will continue in other hands.Inmet Mining (TSE) is earning a 60% in…
Investment Commentary — Manson Creek cited for its potential
The exploration potential of the Parker Lake property, 80 miles northwest of Rankin Inlet, N.W.T., gives Canaccord Capital reason to repeat its recommendation that investors buy a piece of Manson Cree…
Homestake buys stake in producer
Homestake Mining (NYSE) will acquire a piece of Orion Resources from Ranger Minerals.The U.S.-based mining giant will buy 5.5 million shares in the Perth-based producer for US$10.4 million and acquire…
Cold weather forces NDT Ventures to suspend winter drill program
Drilling on Project 10 in the Staghorn Lake area, 80 km northwest of Nain, Labrador, has been suspended until weather conditions improve.NDT Ventures (VSE) has completed four holes in a program aimed …
Cartaway, Peruvian drill-test property
Drilling is under way on the Peruvian “B” property, 200 km northwest of Goose Bay, Labrador.Cartaway Container (ASE) is funding the program under an option that enables it to earn a half interest from…
Ramrod forms JV at Damoti Lake
Consolidated Ramrod Gold (TSE) will sell a half interest in its Damoti Lake gold project, north of Yellowknife, N.W.T., to a California-based junior.In return, Canadian American Resource will pay US$1…
Cerro Cobre returns anomalous copper-gold
Geological mapping and sampling at the Cerro Cobre copper-gold porphyry prospect in Chile have returned anomalous values for partners Agate Bay Resources (VSE) and Demand Gold (VSE).Soil geochemical s…
Drilling under way at Dunkwa property
The first two diamond drill holes at the Dunkwa property in Ghana have been completed.Partners Birim Goldfields (CDN) and Hemlo Gold Mines (TSE) are looking to correlate their diamond drill results wi…
Moss and Barrick plan to drill Koval property in Ontario
An 8-to-10-hole drill program is ready to begin on the Koval gold property in the Pickle Lake area of northwestern Ontario.Under an agreement between Barrick Gold (TSE) and Moss Resources (TSE), the l…
Minorca drilling Rodeo Creek gold property
Drills are turning at Montreal-listed Minorca Resources’ Rodeo Creek property in Nevada’s Carlin trend.The main target of the 4,000-ft. program is a fault structure which crosses a well-known gold fee…