DIAMOND NEWS ROUNDUP — MIT looks to Botswana
Junior MIT Ventures (MVC-V) plans to explore for diamonds in northeastern Botswana.The company will earn a 51% stake in 1,760 sq. km of prospective ground in Botswana from London-based Lion Mining Fin…
News
DIAMOND NEWS ROUNDUP — Redaurum sells gems to middleman
Toronto-based Redaurum (RRK-T) has sold some of its Kelsey Lake diamonds to William Goldberg Diamond Co. of New York, N.Y.Under the terms of the sale, which includes a 28.3-carat stone recently recove…
MOST ACTIVE ISSUES, Oct. 2-8
ExchgVol(000s)CloseBRE-X MnrlsT 11391 225.30Abacan ResT…
Spot prices at a glance (October 14, 1996)
Wednesday, October 9, 1996Price (US)Week’s ChangeGold*$380.90+ $1.70Silver*$ 4.88…
Wolverine partners expand Lynx lens in Yukon
With three drill rigs turning on the newly discovered Lynx lens at the Wolverine project in southeastern Yukon, operator Westmin Resources (WMI-T) and partner Atna Resources (ATN-T) are encountering s…
STOCK MARKET — Eastern markets still riding high
The Toronto Stock Exchange composite 300 index continued to ride high in the period Oct. 2-8, hitting new records on four of the five trading days.The index closed out the week at 5436.54, up almost 1…
Toronto Stock Exchange Indices (October 14, 1996)
1996Oct 8Oct 7Oct 4Oct 3Oct 2HighLowComposite”300…
TSE Short Positions (October 14, 1996)
Short positions outstanding at September 30, 1996Larger individual positions included: Abacan Res. 44,800, down 580,850; Barrick Gold 10,078,747, up 554,246; Agnico-Eagle 694,478, up 366,575; AJ Perro…
Northern Dynasty raises financing
Northern Dynasty Minerals (NDM-V) has arranged a private placement of 600,000 units priced at $1.20 each.A unit consists of one common share and one non-transferable share purchase warrant, which can …
Eden Roc steps up drill-testing
Toronto-based Eden Roc Mineral (EDN-T) is drilling its Aniuri, Asupiri and Adiopan prospects in Ivory Coast to test their potential for hosting sulphide reserves.Other drills are testing exploration t…
USMX set to mine gold at Illinois Creek
With the first gold pour slated for early November, USMX (USMX-Q) is putting the finishing touches on its Illinois Creek gold mine in western Alaska.Construction of the heap-leach pads is almost compl…
ODDS’N’SODS — The discovery of the Aunor
In the mid-1930s, there were only three residents on MacDonald Hill, situated halfway between Timmins and South Porcupine, Ont.Hermann Peltomaki had a nice home, which included a detached lake-front s…