FINANCING (October 14, 1996)
Goldust Mines Ltd. — 4,000,000 Flow-through common shs @ 75 cents per sh.Namibian Minerals Corp. — 2,000,000 Common shs and 1,000,000 common sh purchase wts upon the exercise of special wts previous…
Articles by Northern Miner Staff
DIAMOND NEWS ROUNDUP — Archon to drill targets
A 2,000-ft. drill program will test four prospective kimberlite targets on ground held by Archon Minerals (ACS-V) in the Northwest Territories.The company has been carrying out a closely spaced progra…
GOLD FUNDS (October 14, 1996)
Gold Funds as of October 3, 1996BGRCentralNet Value$24.14$6.30Price$18.70…
Trivalence Mining sells alluvial gems
Sales of alluvial diamonds are reported from the Aredor concession in Guinea, West Africa.An 851.46-carat parcel of rough diamonds recovered from test runs sold for US$340,000, while a single stone we…
DIAMOND NEWS ROUNDUP — Drilling tests Alberta anomalies
Drill-testing of nine potential kimberlite targets is under way on a 215,000-acre block of claims near Hinton, Alta.The property is held 50% by Montello Resources (MEO-A), 40% by Troymin Resources (TY…
DIAMOND NEWS ROUNDUP — SDS hits kimberlite
The Saskatchewan Diamond Syndicate has intersected kimberlite while drill-testing a geophysical anomaly at its diamond project in the Fort la Corne area of the province.Partners Swannell Minerals (SNL…
DIAMOND NEWS ROUNDUP — MIT looks to Botswana
Junior MIT Ventures (MVC-V) plans to explore for diamonds in northeastern Botswana.The company will earn a 51% stake in 1,760 sq. km of prospective ground in Botswana from London-based Lion Mining Fin…
DIAMOND NEWS ROUNDUP — Redaurum sells gems to middleman
Toronto-based Redaurum (RRK-T) has sold some of its Kelsey Lake diamonds to William Goldberg Diamond Co. of New York, N.Y.Under the terms of the sale, which includes a 28.3-carat stone recently recove…
MOST ACTIVE ISSUES, Oct. 2-8
ExchgVol(000s)CloseBRE-X MnrlsT 11391 225.30Abacan ResT…
Spot prices at a glance (October 14, 1996)
Wednesday, October 9, 1996Price (US)Week’s ChangeGold*$380.90+ $1.70Silver*$ 4.88…
STOCK MARKET — Eastern markets still riding high
The Toronto Stock Exchange composite 300 index continued to ride high in the period Oct. 2-8, hitting new records on four of the five trading days.The index closed out the week at 5436.54, up almost 1…
Toronto Stock Exchange Indices (October 14, 1996)
1996Oct 8Oct 7Oct 4Oct 3Oct 2HighLowComposite”300…