1996


Spot prices at a glance (March 18, 1996)

Wednesday, March 13, 1996Week’sPrice (US)ChangeGold*$397.40+$3.80Silver*$ 5.58+$0.22Platinum*$413.75+$7.40Nickel**$ 3.64+$0.19Lead**$ 0.37+$0.03Copper $ 1.18+$0.02Zinca$ 0.50…


Caribou mine plan gets nod

East West Caribou Mining, a unit of Breakwater Resources (TSE), has received approval from New Brunswick’s ministries of environment and natural resources to proceed with development of the Caribou an…


Meetings (March 18, 1996)

March 26, Classic Gold — annual, generalMarch 26, Dome Mountain — annual, generalMarch 26, Oliver Gold — annual, generalMarch 26, Wharf — specialMarch 26, Yukon Spirit — annualMarch 27, Gulfstrea…



Gold Funds (March 18, 1996)

Gold Funds as of March 7, 1996BGRCentralNet Value$23.18$6.77Price$19.00$6.875Discount18.05%1.6%Value$181,266,000$124,432,688…


Patrician and JCI to form alliance

South African-based JCI intends to acquire up to a 20% interest in Patrician Gold Mines (ASE).The senior producer has signed a letter of intent to buy 2 million Patrician special warrants at 75 CENTS …


Golden Knight tests prospect in Ghana

The first phase of reverse-circulation drilling has been completed on the Abore North zone at the Oda River concession in central Ghana.Forty-five holes, comprising 3,400 metres, tested a gold-mineral…


Stellar to acquire Philippine ground

The Vancouver Stock Exchange has granted approval to Stellar Gold to acquire two nickel properties in the Philippines.The Palawan and Surigao properties contain about 187 million tonnes grading 1.4% n…


Pioneer aims to reactivate Puffy Lake

Success eluded Pioneer Metals (TSE) the first time it attempted to bring the Puffy Lake mine to production. But, armed with a new operating plan, the company is taking steps to reactivate the former p…


Band-Ore extends mineralization (March 18, 1996)

Drill holes along strike have intersected more mineralization at the Thorne Twp. property of Band-Ore Resources (CDN), west of Timmins, Ont.Earlier drilling on Band-Ore’s new zone had encountered gold…


Inco bid was rejected by Diamond Fields

At a recent press conference, Robert Friedland, co-chairman of Diamond Fields Resources (TSE), confirmed that his board shot down a proposal from Inco (TSE) that would have seen the nickel giant incre…


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