GOLD FUNDS as of September 4, 1997
Gold FundsBGRCentralNet Value$18.27$5.64Price$14.30$5.650…
News
Drilling brightens picture at William Resources’ mines — Record gold output achieved during second quarter
.BBby Stuart McDougallExploration drilling by William Resources (WIM-T) has significantly improved the economic potential of two of its producing gold mines.At the Bjorkdal open-pit mine, near Skellef…
STOCK MARKET — TSE climbs despite light trading and weak metal markets — SouthernEra knocks ’em dead following African success
Despite a slow week in trading and depressed metal markets, the Toronto Stock Exchange 300 composite index rose 126.24 points to finish the report period ended Sept. 9 at 6,799.52.The Canadian dollar …
Ventures hits polymetallic mineralization
A sampling program by Ventures Resources (VRS-V) has returned encouraging values of copper, zinc, cobalt, silver and gold from the Wiseman property, 200 miles north of Fairbanks, Alaska.The property c…
Tiomin extends oxide zone at Cerro Colorado
Tiomin Resources (TIO-T) has released results from several new holes drilled at its Cerro Colorado porphyry copper project in Panama.The latest holes are part an ongoing 3,000-metre program designed t…
Breakwater acquires Tunisian zinc-lead mine
Breakwater Resources (BWR-T) has acquired the Bougrine zinc-lead mine in Tunisia, together with all other assets of Socit Minire de Bourgrine.The Toronto-based company will pay US$19.3 million for the…
METAL PRICES — Daily Metal Prices (September 15, 1997)
BASE METALS (London Metal Exchange – Midday bid/ask prices in US$ per tonne)DateSept. 9Sept. 8Sept. 5Sept. 4S…
Goldcliff forms JV with Aussie miner
A subsidiary of Australian-based Newcrest Mining will buy a 60% interest in a porphyry copper-gold prospect held by Goldcliff Resources (GCN-V) in Argentina.To buy into the Diente Verde project, Newcr…
TSE SHORT POSITIONS (September 08, 1997)
Short positions outstanding at August 15, 1997Larger individual positions include: Anvil Range Mining 125,500, up 125,500; Barrick Gold 10,721,067, down 1,083,831; Bema Gold 4,321,786, down 85,500; Ca…
Noble Peak finds new zones
Noble Peak Resources (NPK-A) has discovered two new zones of gold mineralization during a drill program that tested an area north of and below the Worcester gold mine in South Africa’s Barberton green…
BHP, Northern Orion hit high grade in Argentina
High-grade gold and silver values have been intersected at the Agua Rica project in the northwestern Argentine province of Catamarca.Agua Rica is a large porphyry copper-gold-silver-molybdenum deposit…
Son of Sodmex launched
Montreal-based Capital d’Amrique, a company linked with the public fund manager Caisse de dp(tm)t et placement du Quebec, is investing $15 million to start up Sodmex II, a Quebec-based exploration and…