NEVADA SPECIAL — NEWS IN BRIEF (June 03, 1996)
Oil City Lubricants (OCL-V) has changed its name to Thunder Sword Resources (THU-V) on a 1-new-for-5-old-share basis.
News
BOOK REVIEW — Book focuses on mining royalties between private parties
The legal complexity of mining royalties is unraveled in a new book, Mining Royalties Between Private Parties, published by the Centre for Resource Studies at Queen’s University.Author Karl J.C. Harri…
DIAMOND PAGE — Major General searches Greenland
Although its original target in Greenland was base metals, Major General Resources (MGJ-V) is turning up heavy minerals, which indicates potential for kimberlite discoveries.In the autumn of 1995, the…
GREATEST VALUE TRADED, May 22-28
Val($000s) High Low ChangeBRE-X Mnrls T295822$28.6522.3526.10 +2.70 .Arequipa Res T183539$34.7519.2032.65+12.50 .Diamond Flds T111220$40.0538.2539.95+0.25 .Cameco Corp T93879$6…
TSE Short Positions (June 03, 1996)
Short positions outstanding at May 15, 1996Larger individual positions included: Abacan 131,600; Barrick Gold 4,690,913; Agnico-Eagle 450,968; Algoma Steel 233,223; Adex Mining 345,000; Asia Pacific 1…
Spot prices at a glance (June 03, 1996)
Wednesday, May 29, 1996Week’s Price (US) Change .Gold* $391.65+$0.65 .Silver* $ 5.37+$0.08 .Platinum*$400.25+$3.00 .Nickel**$ 3.59+$0.08 .Lead**$ 0.37-0.01 .Copper{$ 1.15+$0.04 .Zi…
STOCK MARKETS — Juniors dominate drifting market
The Toronto Stock Exchange settled lower last week, supporting the view that the markets are fully valued. The TSE 300 composite index was down 18.94 points (0.4%) over the period May 22-28, closing a…
Diamond Fields takeover delayed
Uncertainty over a lawsuit has prevented Inco (N-T) from completing the acquisition of Diamond Fields Resources (DFR-T) on the scheduled closing date of May 29. At presstime, the deal had not yet been…
NEVADA SPECIAL — Lexam resuming Nevada exploration
Toronto-based Lexam Explorations (LEX-M) is preparing to resume summer exploration at its 230,000-acre land package in northeastern Nevada.Last year’s programs identified prospective targets, one of w…
STOCK MARKETS — Resource stocks rebound in western markets
Western markets resumed their ascent over the report period ended May 28, recovering from the recent routing created by Cartaway Resources’ poor assay results from its Cirque property in Labrador.The …
NEVADA SPECIAL — Santa Fe expands mine complex in Nevada
At the Twin Creeks and Lone Tree gold mines in the desert of northern Nevada, Santa Fe Pacific Gold (GLD-N) has begun constructing several projects that will help boost annual production to 1 million …
Penedono returns mixed drill results
Drilling on the Penedono gold concession in Portugal returned mixed results for Greystar Resources (GSL-V).The company drilled seven holes, including two to test the downdip projection of a vein that …