DIAMOND NEWS ROUNDUP — SDS hits kimberlite
The Saskatchewan Diamond Syndicate has intersected kimberlite while drill-testing a geophysical anomaly at its diamond project in the Fort la Corne area of the province.Partners Swannell Minerals (SNL…
Articles by Northern Miner Staff
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…
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…
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…
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 …
METAL PRICES — FREE MARKET (October 14, 1996)
London Metal ExchangeMidday bid-ask prices in $US per tonneDateOct. 8Oct. 7Oct. 4Oct. 3Oct. 2…
Rhonda confirms find of lead-zinc-silver in Territories
Drilling by Rhonda Mining (RDM-A) at the Epworth property in the Northwest Territories has revealed lead-zinc-silver mineralization averaging 10 ft.thick in 21 drill holes.Ownership of the project is …
Quest goes underground at Damoti Lake
A US$2.5-million program of underground exploration is testing the continuity of high-grade oreshoots at the Damoti Lake gold project in the Northwest Territories.Quest International Resources (QIX-T)…
PEOPLE — WESTWARD
T. Magee appointed president.