News

Drill results from the Rainy River property in northwestern Ontario point to improved gold grades.Nuinsco Resources (NWI-T) reports that hole 6, drilled diagonally into the No. 17 zone, intercepted 37…

Gold Funds as of March 13, 1997BGRCentralNet Value$23.34$6.15Price$17.90$…

New Claymore Resources (NCS-V) has increased to 6 million acres its land position in the Buffalo Hills-Peace River area of north-central Alberta.The area has heated up since Ashton Mining of Canada (A…

ExchgValue($000s)HighLowCloseChangeInco LtdT11370…

Wednesday, March 19, 1997Price (US)Week’s ChangeGold*$348.95- $4.20Silver*$ 5.17…

Pacific Rim Mining (PFG-V) will use proceeds from a $12.7-million equity financing to accelerate exploration of its Cerro Blanco and La Colorada properties in northwestern Argentina and fund future ac…

Diamond drilling at the Taylor gold property in the Matheson area of northeastern Ontario has returned high-grade gold values for St Andrew Goldfields (SAS-T).The company is concentrating its efforts …

The Vancouver Stock Exchange composite index rose 15.77 points, or 1.18%, over the report period ended March 11, closing at 1347.18. The resource index rose was up just a notch, adding 4.6 points, or …

Same show, new roof.The 65th annual convention of the Prospectors & Developers Association of Canada (PDAC) had a new home, the Metropolitan Toronto Convention Centre, and a new, roomier feel, while s…

Wheaton River Minerals (WRM-T) plans to sell its 61.9% interest in YGC Resources (YGC-V) in order to finance development of its Golden Bear heap-leach mine in northwestern British Columbia.Wheaton has…

Pangea Goldfields is listed on the Toronto Stock Exchange under the ticker symbol PGD. Incorrect information appeared in our issue of March 10, 1997.

NDT Ventures (NDE-V) is acquiring 48,000 acres in Brazil’s Minas Gerais state, where historic garimpeiro gold workings are known to exist.NDT will pay US$945,000 in cash to the Brazilian vendor, issue…