GREATEST VALUE TRADED, July 3-9
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News
STOCK MARKETS — Metals, TSE enjoy a steady week
The Toronto Stock Exchange managed a late recovery to close fractionally higher over the report period ended July 9, with the TSE 300 composite index posting a gain of 2.75 points (0.05%) on the week….
Agnico ups stake in Sudbury
Following completion of a private placement of flow-through shares, Agnico-Eagle Mines’ (AGE-T) direct stake in Sudbury Contact Mines (SUD-T) will increase to 38.9% from 30.5%.The placement of 1.3 mil…
Kilo cancels release of its assay results
Management of Kilo Gold Mines (KGD-A) has abandoned plans to release assay results on concentrates from its Johnson Valley gold project in California.The company says the owner of the recovery system …
Pacific Bay begins Yukon program
Field crews have begun follow-up work on geophysical features identified by an airborne survey over the holdings of Pacific Bay Minerals (PBM-V) in the Finlayson-Wolverine Lake-area in south-central Y…
Agate Bay, partner drilling at Pachina
Partners Agate Bay Resources (ABE-V) and Demand Gold (DOT-V) have drilled six reverse-circulation holes at the Pachina prospect in Chile.The property covers widespread copper-gold showings within a ge…
Cordex inks deal with Cathedral
Cordex Exploration has signed an agreement with Cathedral Gold (CAT-T) to option the 75 North gold property in the Battle Mountain trend of Nevada.Cordex can earn a 65% interest in the 2,100-acre prop…
Drilling firms up Guadalupe de los Reyes
The latest round of drilling by Northern Crown Mines (NCW-V) has returned the highest-grade intercepts encountered to date at the Guadalupe de los Reyes property in northeastern Sinaloa state, Mexico….
Drilling cuts gold at San Antonio
The first five holes drilled on the San Antonio prospect at the Minoro project in Honduras encountered multiple intervals of gold mineralization in two separate limestone beds.Selected intervals inclu…
STOCK MARKETS — Heavy trading reported among Western juniors
With more than five months remaining in 1996. Strong trading in junior resource stocks pushed the Vancouver Stock Exchange to an all-time annual record high for the value of shares traded. The previou…
Newmont, Sumitomo ink Batu Hijau deal
Newmont Gold (NGC-N) and Japan-based Sumitomo have reached an agreement to develop jointly the Batu Hijau copper-gold deposit on the Indonesian island of Sumbawa.Newmont will hold a 45% interest, havi…
Arauco to take over Back River
Homestake Canada, the Canadian unit of Homestake Mining (HM-N), and its joint-venture partners, Kerr McGee and the Maclab group, have granted Arauco Resources (ARU-V) an exclusive 45-day option to buy…