SPOT PRICES AT A GLANCE (January 20, 1997)
Wednesday, January 15, 1996Price (US)Week’s ChangeGold*$352.45- $3.35Silver*$ 4.65…
News
Meridian books a passage to India
Junior Meridian Peak Resources (MRK-V) is forming a subsidiary to explore for gold in India.Although the formation of Meridian Minerals India (MMI) is still subject the the approval of Indian regulato…
Gitennes arranges placement with Teck
Gitennes Explorations (GIT-A) has arranged a $4.2-million private placement financing with Teck (TEK-T) to help fund exploration in Peru.The transaction includes 1 million units of Gitennes at $4.20 e…
Goldbrook Explorations options gold property near Wawa
Junior Goldbrook Explorations (GDK-A) can earn a half interest in the Jubilee-Surluga gold property, near Wawa, Ont., from Citadel Gold Mines (CIGD-C).The 5,968-acre property includes 12 former gold m…
Fairfield Minerals tests targets near Siwash zone
Diamond drilling at the Siwash gold mine near Merritt, B.C., continued during the third quarter of 1996, and Fairfield Minerals (FFD-T) remains encouraged by the results.Forty-two holes, drilled over …
NDU Res. ups reserve at Yukon’s Marg property
A 26-hole program of infill and delineation drilling program completed by NDU Resources (NDU-T) on the Marg property in the central Yukon during 1996 has significantly boosted reserves.A drill-indicat…
Drill results add color to Albino
Drilling at the Albino 1 gold property in Venezuela has expanded reserves for owner Crystallex International (KRY-T), while, at the same time, adding promise to other nearby targets.The results stem f…
Fort Knox eyes Klu and Nikolai
Toronto-based junior Fort Knox Gold Resources (FNX-T) will earn a 45% interest in the Klu and Nikolai properties of Inco (N-T).The Klu comprises 526 contiguous claims totalling 11,000 ha in the Yukon,…
Grayd Resources tests Dry Creek for VMS
Reconnaissance drilling at the Dry Creek property near Fairbanks, Alaska, has returned encouraging values for Grayd Resource (GYD-V).The program was carried out on the Red Mountain massive sulphide zo…
Expatriate adds to Yukon portfolio
Expatriate Resources (EXR-V) has added to its extensive portfolio of Finlayson Lake properties in southeastern Yukon by acquiring the right to earn a half interest in both the Stand-Lip and War proper…
PRODUCER PRICES (January 20, 1997)
ALUMINIUM: LME settlements US$1,590.50 per tonne, alloy $1,508 per tonne (Jan. 14/97).ANTIMONY: Composite free market, US$2,350 per tonne (Jan. 14/97).BISMUTH: Composite free market US$3.25 per lb. (J…
TSE SHORT POSITIONS (January 20, 1997)
Short positions outstanding at December 31, 1996Larger individual positions included: Barrick Gold 12,334,883; up 1,335,881; Agnico-Eagle 505,768; Asia Pacific Resources 92,000, down 110,950; Anvil Ra…