NEWS IN BRIEF (February 12, 1996)
Arbor Resources (AOR: VSE) has changed its name to Klondike Gold (KG:VSE) on a 1-new-for-10-old-share basis.
News
STOCK MARKETS — Golds shoot skyward as bullion price jumps
The Toronto Stock Exchange continued to set records during the report period period Jan. 31 to Feb. 6, with resource stocks making strong gains. The TSE 300 composite index rang up a 61.6-point (1.2%)…
Britannia stakes Romy claim
The Peruvian subsidiary of Britannia Gold (VSE) has staked a 28-sq.-km land package near Arequipa Resources’ (TSE) Pierina property, about 300 km north of Lima.Named the Romy claim, it covers a sectio…
Drilling planned at Bend deposit
The joint venture of Sharpe Energy & Resources (CDN), Freewest Resources Canada (TSE) and Cyprus Amax Minerals (NYSE) will drill an electromagnetic (EM) anomaly 3.7 km northeast of the Bend massive su…
METAL PRICES (February 12, 1996)
London Metal ExchangeSpot closing prices in $US per tonneDateFeb. 5Feb. 4 Feb. 2Feb. 1Jan. 31Copper2685.5-2670.52562-2564 2576-25782589-25912564-2566Lead759-761 767.8-768.5 768-769777.5-…
Moneta completes private placement
Moneta Porcupine Mines (TSE) has placed 2.4 million units, consisting of two shares and one purchase warrant each, with European institutions, for gross proceeds of $2.9 million.The warrants are exerc…
METALS AND MINERALS — Coal industry gears up for second export boom
Coal is a mineral commodity that rarely captures the interest of investors and mining analysts. That perception may change now that the outlook coal markets is improving in response to economic activi…
Index (February 12, 1996)
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Companies (February 12, 1996)
INDEXAfrican MineralAkiko GoldAlberta EnergyAlta GoldAltai Res.Arequipa Res.Armistice Res.Asquith Res.Aur ResourcesAvalon VenturesBarrick GoldBHP MineralsBlack Hawk M’gBoron ChemicalsBreX MineralsBrea…
Oglebay Norton exits taconite operations
Oglebay Norton (NASDAQ) will not extend its contract as manager and employer at the Eveleth Mines taconite operation in northeastern Minnesota.After years of disagreement on how the project should be …
Chief beefs up deposit in Utah
If the latest assays are any indication, Chief Consolidated Mining (NASDAQ) will be increasing its reserve estimates for the New Burgin deposit in Utah.Five holes, drilled underground, encountered hig…
Avalon, Starcore nab five N.W.T. properties
Avalon Ventures (VSE) and Starcore Resources (VSE) have acquired five additional mineral properties between them in the Mazenod Lake area of the Northwest Territories.The companies have agreed in prin…