Toronto Stock Exchange Indices (September 16, 1996)
1996Sept 10Sept 9Sept 6Sept 5Sept 4HighLowComposi…
1996
EDITORIAL — An unfair advantage
Almost every major discovery in the past decade — from the Eskay Creek gold deposit in British Columbia and diamonds at Lac de Gras to the Voisey’s Bay nickel-copper-cobalt deposit in Labrador — has…
Junior partners hit nickel-copper values in Labrador’s Okak South region
Narrow intercepts with some strong nickel-copper-cobalt values have been found in core from the NOT No. 3 property in the Okak South region of Labrador.The property, shared equally by Noront Resources…
Golden Bear Minerals announces placement to fund global exploration
Vancouver-based Golden Bear Minerals (GB-V) has announced a private placement to fund property work and repay loans.The company will place up to 5 million special warrants at $1.60 each. Each special …
Teck gets piece of Donner Resources
One of the biggest players in the Labrador exploration scene has caught the eye of a major producer.Teck (TEK-T) has agreed to finance exploration work on the South Voisey’s Bay project of Donner Reso…
ODDS’N’SODS — Mucking at the Aunor
Most English-speaking countries refer to the blasted rock of mining operations as “muck,” regardless of whether the rock is ore or waste.As the capacity of mills increased, a large percentage of mine …
Pioneer options deposit near Puffy
As part of a strategy to reactivate the Puffy Lake gold mine near Flin Flon, Man., Pioneer Metals (PSM-T) has optioned the nearby Nokomis Lake gold property in hopes of establishing a reserve there mi…
Partners define reserves at Yaou gold project
The four partners developing the Yaou gold project in French Guiana have calculated a probable reserve figure of 10.3 million tonnes grading 2.7 grams gold per tonne.The joint venture consists of Guya…
Sudbury symposium to feature mining and mineral technology
A symposium scheduled for Sept. 30-Oct. 3 in Sudbury, Ont., will highlight advances in mining and processing technology, as well as improvements in environmental research.Entitled “Mining and Minerals…
PRODUCER PRICES (September 16, 1996)
ALUMINIUM: LME settlements US$1,427.50 per tonne (Sept. 10, 1996), alloy US$1,255 per tonne (Sept. 5, 1996).ANTIMONY: Composite free market, US$2,625 per tonne (Sept. 10, 1996).BISMUTH: Composite free…
THE DIAMOND PAGE — Trenching unearths diamondiferous gravels in central Africa
Trenching by partners United Reef (URP-T) and Trans Hex International (THXI-C) has uncovered diamond-bearing gravels along a bank of the Bangoran River in the Central African Republic.The discovery wa…
Armada Gold boosts stake in Russian project
The Chita region of southeastern Russia continues to captivate Armada Gold (AAU.A-T).The company has completed a series of transactions that will increase to 85% from 66% its controlling equity in the…