Spot prices at a glance (August 19, 1996)
Wednesday, August 14, 1996Price (US)Week’s ChangeGold*$387.10-$1.15Silver*$ 5.09…
1996
Fairfield discovers new vein at Siwash gold property
Exploration by Fairfield Minerals (FFD-T) has led to the discovery of a new vein system 650 ft. north of, and parallel to, the main Siwash vein near Merritt, B.C.Fairfield recently completed a 49-hole…
United Keno on track to reopen Yukon silver mines
Positive exploration results from the Elsa properties in the Yukon are bringing United Keno Hill Mines (UKH-T) one step closer to resuming production.The properties, situated 280 miles north of Whiteh…
Caledonia calculates Nama resource
Following the recent flurry of drilling on its Nama project, Caledonia Mining (CAL-T) has announced a reserve calculation for one of its cobalt-copper deposits in Zambia.The company reports a prelimin…
METALS COMMENTARY — Nickel analysts glued to Baywatch
The potential impact of more than 122,000 tonnes per year of Voisey’s Bay nickel production by the turn of the century has nickel analysts focusing their attention on the small, isolated inlet on the …
Atlas eyes polymetallic producers in Bolivia
In hopes of regaining its producer status, Atlas (AZ-N) plans to buy four mines in Bolivia.The company signed a letter of intent to acquire Arisur, a joint venture company owned by Arimetco Internatio…
Juniors eye African copper-cobalt
Zaire ‘s copper and cobalt potential will be explored by two Canadian juniors in partnership with La Generale des Carrieres et des Mines (GECAMINES).As part of a preliminary agreement with Trillion Re…
BHP to manage Increible gold prospect in Venezuela
The Increible gold property of Bard Silver & Gold (BDS-V) is now being managed by Australian mining giant BHP Minerals, following the major ‘s agreement with Bard and Venezuela-based Greenwich Resourc…
MOST ACTIVE ISSUES, August 7-August 13
ExchgVol(000s)CloseVior MiningM126141.15Cartaway ResA…
Assay fiasco halts Gold Canyon
Trading in Gold Canyon Resources (GCU-T) was halted by the Vancouver Stock Exchange after it was learned that a laboratory erred in reporting assay results from the junior ‘s Springpole gold project i…
Saint Elena drilling results encourage CaribGold
Shallow drill-testing of the South Elena vein structure in Cuba has returned encouraging results, reports CaribGold Resources (CG-T).Although core recovery from the program was poor as a result of sur…
ODDS’N’SODS — A close shave
In the winter of 1934-35, bush pilot Ted Stull, flying a Fairchild 7l aircraft, made regular runs to the Gods Lake and Island Lake gold mines, which were situated in north-eastern Manitoba.One day, in…