GREATEST VALUE TRADED, Feb. 11-17
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News
VSE cans GMD directors and orders loan repayments
Farrell Financial and LMX Resources (LMX–V) have been ordered by the Vancouver Stock Exchange to repay $3 million in loans that were not properly disclosed. In addition, the VSE banned GMD President …
STOCK MARKETS — TSE rises despite weak performances of golds, base metals — Aurado Exploration remains hottest ticket; Rex share price hits three digits
The Toronto Stock Exchange 300 composite index climbed 78.97 points, or 1.1%, in the report period of Feb. 11-17, to end the week at 6960.46.Trading volumes were relatively healthy for most of the per…
Valerie drill tests Mexican anomaly
A 1,600-metre diamond drilling program is under way on the Mamatla concession in south-central Mexico, held by Valerie Gold Resources (VLG-V).The 160-sq.-km concession straddles the boundary between t…
Formation tests anomalies at Pine Bay copper-zinc project
Formation Capital (FCO-T) has begun drill testing geophysical anomalies at its Pine Bay copper-zinc property near Flin Flon, Man.The program, which follows geophysical work, is designed to test an ano…
Yamana hits high-grade silver
In a remote area of southern Patagonia, Yamana Resources (YRI-T) has made what appears to be a significant silver discovery.The company has hit high-grade silver in drillholes at the grassroots Lejano…
Tan Range deals Itetemia interest to Minorca
Tan Range Exploration (TNX-A) has inked a deal with Minorca Resources (MAR-T) whereby the latter can acquire up to a 50% interest in the Itetemia gold property in Tanzania.For its interest, Minorca mu…
Nelson expands CIL plant in Tajikistan
London, England-based Nelson Gold (NLG-T) has boosted the capacity of its carbon-in-leach (CIL) plant at the Jilau gold mine in northwestern Tajikistan.The expansion, which raises annual throughput to…
DIAMOND PAGE — Nora seeks property in Namibia
Montreal-based Nora Exploration (NXI-M) has signed a deal under which it can acquire a full interest in a company with extensive diamond exploration concessions in Namibia.Otjua Minerals, a subsidiary…
METALS PRICES — Daily Metal Prices
BASE METALS (London Metal Exchange — Midday bid/ask prices in US$ per tonne)DateFeb. 17Feb. 16Feb. 13Feb. 12…
Wespac steps up drilling at Fauro
Montreal-based Western Pacific Mining Exploration (WPC-M) has launched a new program of exploration at its Fauro Island gold project in the Solomon Islands, east of New Guinea.* Ballyrorio prospect –…
EDITORIAL — Sober realism replaces euphoria — Investment blues
In the heady days of 1996 — before Bre-X Minerals’ phantom gold deposit blew up on the world stage, and before most metals prices went into the dumper — Canadian exchanges were riding high on an inv…