Correction (June 12, 1995)
The oxide resources of the Tonkin Springs project in central Nevada are 4 million tons averaging 0.033 oz. gold per ton. Incorrect figures appeared in our June 5 issue.The project is being examined by…
News
DIAMOND NEWS ROUNDUP — Trillion Resources discovers Zimbabwean kimberlite
Soil results from a property in southwestern Zimbabwe have junior Trillion Resources (TSE) thinking diamonds.Soil sampling on the Sansukwe Exclusive Prospecting Order (EPO 790), which Trillion operate…
STOCK MARKETS — TSE trading gains reflect Diamond Fields negotiations
Talks of mergers and acquisitions by resource-sector companies and others helped the TSE 300 composite climb for the fourth week in a row. Over the 5-day report period ended June 6, the TSE 300 compos…
NEW HORIZONS — Soil gases as exploration guides
Most of the ore deposits mined in the past, as well as those being mined today, were discovered because they cropped out at the surface. In the U.S., most mineral deposits that crop out at the surface…
NEWS IN BRIEF (June 12, 1995)
Manor Resources (MNO:ASE) has changed its name to American Manor (ANO:ASE) on a 1-new-for-10-old-share basis.
Sierra Nevada lands Mexican ground
A recent purchase agreement provides Sierra Nevada Gold (VSE) with control of the Promontorio gold-copper property in Chihuahua, Mexico.The company will pay US$50,000 on final signing, plus US$100,000…
Copperstone arranges financing
Funds generated by the arrangement of two private placements will be used by Copperstone Resources (VSE) to pay a portion of its existing debt and to make the required option payments for the Boleo co…
Royalstar expands ground position near Harp Lake
Royalstar Resources (VSE) has acquired 44,341 acres in the Harp Lake area of Labrador.The eight claim blocks are underlain by nickel, copper and cobalt lake sediment anomalies. Several magnetic anomal…
PRODUCER PRICES (June 12, 1995)
ALUMINUM: MW U.S. market US83.5-84.5 cents per lb. (May 19, 1995).ANTIMONY: MW New York dealer US$2.20-2.30 per lb. (March 31, 1995).BISMUTH: MW New York dealer US$3.55-3.65 per lb. (May 12, 1995).CAD…
IGR to increase interest in Bibiani
The Ministry of Mines and Energy for the Republic of Ghana has informed International Gold Resources (TSE) that it is prepared to sell its 18% contributory equity interest in the Bibiani gold project….
Canmine starts two programs
Two drill programs, scheduled to continue until October of this year, are under way at projects being explored by Canmine Resources (ASE).A 25,000-ft. program will test the Bay, Point and Island coppe…
Patrician, Serengeti make African splash
Two Vancouver-based juniors are joining forces to create a major African gold and diamond mining company.Serengeti Diamonds (VSE) and Patrician Gold Mines (ASE) will combine to form Serengeti Holdings…