Low gold sales take shine off Rayrock earnings
Poor third-quarter results took the shine off an otherwise improved year for Rayrock Yellowknife Resources (RAY-T).The company lost US$1.8 million (or 10 cents per share) for the period, compared with…
News
STOCK MARKETS — Western markets slink slowly skyward
The Vancouver Stock Exchange composite index rose slightly over the report period ended Nov. 26 to close at 1155.16, a gain of 5.37 points over last week’s finish of 1149.79. The resource index rose 1…
TSE SHORT POSITIONS (December 02, 1996)
Short positions outstanding at November 15, 1996Larger individual positions included: Abacan Resource 106,200; Barrick Gold 9,602,918, down 99,645; Aber Resources 14,200, down 8,000; Adrian Resources …
METAL PRICES — FREE MARKET (December 02, 1996)
London Metal ExchangeMidday bid-ask prices in $US per tonneDateNov. 26Nov. 25Nov. 22Nov. 21Nov. 20…
Timbuktu resumes trading on ASE
Seven months after being halted in a scandal over allegations that its drill results had been tampered with, Timbuktu Gold (TBT-A) has resumed trading on the Alberta Stock Exchange.Spectacular first d…
EXPLORATION ROUNDUP — Japanese explorer Sumitomo outlines large gold deposit in central Alaska
With assistance from Watts, Griffis & McOuat (WGM) and the Metal Mining Agency of Japan (MMAJ), Sumitomo has been exploring for the yellow metal in little-known parts of east-central Alaska. The fruit…
Ursa Major eyes expansion at Koktasjal property
Surface grab samples from the Southeast zone of the Koktasjal copper-gold porphyry project in northern Kazakhstan have returned encouraging results for Ursa Major International (URSA-C).The new zone l…
EXPLORATION ROUNDUP — Chesbar starts Venezuelan exploration
A soil geochemistry program by Chesbar Resources (CBI-M) in Venezuela has resulted in the discovery of three new gold zones on the Guaiquinima II and Anacoco II concessions.The zones were found immedi…
INSIDER TRADING — Gitennes executives sell company shares
Directors and officers of Gitennes Exploration (GIT-A) were among the insiders who traded securities in recent weeks, according to the Ontario Securities Commission.J.D. Blackwell, senior officer, sol…
Trillion drills in Mozambique
Diamond drilling by partners Trillion Resources (TLQ-T) and Greenhope Resources (GRH-M) is under way at two gold properties near Manica, Mozambique.The Braganca-Chimeze property will be subjected to f…
Alta Gold gains Nevada property
Junior Alta Gold (ALTA-Q) has acquired the Excalibur gold property in western Nevada.The property, which comprises 62 unpatented mining claims, lies 20 miles southwest of the town of Mina, in Mineral …
Partners expand Wolverine
The geological resource of the Wolverine deposit is now estimated at just over 5.3 million tonnes grading 1.81 grams gold and 359.1 grams silver per tonne, plus 12.96% zinc, 1.41% copper and 1.53% lea…