CDNX small-cap market blasts off
The Alberta and Vancouver stock exchanges have officially merged to form the Canadian Venture Exchange.The new exchange, dubbed CDNX, came to life with just under 2,500 stock listings and began tradin…
News
Bank of England sale knocks stuffing out of gold
In the wake of a third gold auction by the Bank of England, gold bullion prices fell heavily over the Nov. 24-30 report period, sinking US$6.45 to US$291.40 per oz. on the London morning fix of Dec. 1…
REGULAR DEPARTMENTS (December 06, 1999)
CareersClassified Commentary Editorial Facts and Figures Guest Column Investment CommentaryMetal PricesProfessional DirectoryStock MarketSubscription Services…
Boreal hits gold
Geochemical sampling has Boreal Exploration (BOR-M) off to a good start at two exploration permits near Chibougamau, Que.Four grab samples returned between 2.2 and 33.3 grams gold per tonne. All came …
Study calls for more work at Jericho
Based on the positive results of a prefeasibility study, Tahera (TAH-T) is evaluating financing options for its Jericho diamond project in Nunavut, 420 km northeast of Yellowknife, N.W.T.The independe…
Pangea hits gold at Imwero
Reconnaissance drilling at the Imwero property in the Lake Victoria district of Tanzania has uncovered gold for Pangea Goldfields (PGD-T).A series of widely spaced, shallow, rotary-air-blast holes ret…
NAME CHANGES (December 06, 1999)
Mango Resources (MRH-V) has changed its name to Consolidated Mango Resources (MRH-V) on a 1-new-for-5-old-share basis.
BHP eyes porphyry target
The Chilean subsidiary of Australia’s Broken Hill Proprietary (BHP-N) has signed a letter-of-intent to acquire the Elvira copper porphyry prospect in the Atacama Desert.BHP can purchase the 110-sq. km…
Cornerstone among first to list on CDNX
Cornerstone Capital Resources (CTP-V) is among the first companies to obtain a listing on the new Canadian Venture Exchange. The company began trading in late November, having completed a public offer…
Affiliates Wheaton, Kit propose marriage
Merger mania has taken hold of Wheaton River Minerals (WRM-T) and Kit Resources (KIT-T).An agreement-in-principal calls for Kit shareholders to exchange each of their shares for 0.408 share of the mer…
EVENTS (December 06, 1999)
Jan. 23-24 Cambridge House Int’l — “Vancouver Investment Conference.” Hotel Vancouver, Vancouver, B.C. Tel: (614) 888 227-7722.Jan. 25-28 B.C. and Yukon Chamber of Mines — “Cordilleran Geology and E…
Akrokeri-Ashanti ups output
Junior Akrokeri-Ashanti Gold Mines (AAGM-C) has nearly doubled production rates at its Jeni alluvial property in Ghana, West Africa.About 300 cubic metres of alluvium are being treated hourly, which i…