SPOT PRICES AT A GLANCE (December 02, 1996)
Wednesday, November 27, 1996Price (US)Week’s ChangeGold*$373.95- $4.65Silver*$ 4.7…
1996
TORONTO STOCK EXCHANGE INDICES (December 02, 1996)
1996Nov 26Nov 25Nov 22Nov 21Nov 20HighLowComposit…
Ashanti launches program at Tera gold property
Surface exploration by Ashanti Goldfields (AHD.U-T) has begun on the Tera gold property in Niger, West Africa.The 1,500-sq.-km property, which hosts a 20-km section of the Terra shear system, is curre…
EXPLORATION ROUNDUP — Small but vital projects under way at Matheson camp
Less exposed, and therefore less prospected, than its big brothers to the west and south, the Matheson area of northeastern Ontario has, in recent years, proved to be a durable, small-project camp.As …
EXPLORATION ROUNDUP — Redbird Gold sets its sights on Albanian mineral prospects
Junior explorer Redbird Gold (RBD.A-A) has set a date for its shareholders to consider the takeover of two Albanian mining companies. In the meantime, the trading of Redbird’s shares has been halted b…
Princess advances projects in Tanzania and China
With a drill program under way in Tanzania, Princess Resources (PRL-V) is awaiting government approval for several new projects in China.The company recently signed two letters-of-intent in China’s Hu…
Ottawa revises Canadian mining policy
In an effort to make Canada a more attractive place in which to explore and mine, the federal government has rewritten its minerals and mining policy.”Essentially, the old policy was international in …
EXPLORATION ROUNDUP — Meekatharra postpones Canadian offering
Australian-based Meekatharra Minerals has postponed a private placement that would have raised several million dollars for exploration and development in Indonesia and paved the way for a Canadian sto…
LETTER TO THE EDITOR — Coverage of Quebec projects decried as lacking
Your newspaper continues to have poor coverage of exploration and mining activities in Quebec.I have subscribed to The Northern Miner since the early 1980s, and I was not astonished to read the commen…
EXPLORATION ROUNDUP — Santa Cruz trenches Magistral
A trenching program by Santa Cruz Gold (SCG-T) at the Magistral project in Sinaloa state, Mexico, has identified three gold zones there.Sampling of the Dos Amigo zone returned 4 metres grading 1 gram …
EXPLORATION ROUNDUP — Model Office report in hand
Ontario’s resident geologists program should remain intact, but recording of claims should be centralized in Sudbury, according to a report released by the province’s Ministry of Northern Development …
Placer bids to acquire PNG company
A takeover bid has been launched by Placer Dome (PDG-T) for Highlands Gold, a Papua New Guinea-based company that owns 25% of the Porgera gold mine, and for the remaining 24.6% interest of subsidiary …