Active trading in Int’l Platinum
Shares of Toronto-listed International Platinum Corp. (IPC) appear to have regained their investor appeal. For the week ended May 10, nearly 5.1 million IPC shares traded hands, with the stock moving …
News
THE DIAMOND PAGE — BHP Minerals launches mine feasibility
Canada could become the world’s newest diamond producer in early 1997 — assuming positive results are reported in a feasibility study on properties held by BHP Minerals and Dia Met Minerals (TSE) in …
Cerro Mayal up and running
The Cerro Mayal placer gold project in west-central Argentina has entered production. The processing of gold-bearing gravel began May 4 after a couple of months of plant commissioning and technical ad…
TSE INDICES (May 16, 1994)
— 1994 — May 10 May 9 May 6 May 5 May 4 High Low Composite”300″ 4189.92 4179.13 4254.06 4259.81 4269.17 4609.93 3518.31 Metals&Minerals 3472.69 3443.65 3541.02 3520.38 3521.21 3879.59 3273.56 Integr…
Ashton encouraged at Cross
Fifteen diamond drill holes, both vertical and inclined, have been completed at the Cross kimberlite target area in the Northwest Territories and three additional holes have been drilled in the southe…
Homestake active in Venezuela
San Francisco-based Homestake Mining (NYSE) is planning exploration and drilling for several newly acquired gold properties 25 km northwest of Venezuela’s Kilometre 88 district. Through a bidding proc…
STOCK MARKETS — Heavy trader Tenajohn slides 70 cents on
Western markets took it on the chin over the week ended May 10, despite a rebound in gold to US$380 per oz. The Vancouver Stock Exchange resource index lost more than 30 points to close at 1,044.91, w…
Commodity price index declines
After rising for several months, The Bank of Nova Scotia’s commodity price index declined by 1.1% in March. A substantial drop in agricultural prices and a smaller decline in forestry products and oil…
Armistice raises project financing
Proceeds from a rights offering amount to about $1.1 million for Armistice Resources (ME), after commissions and expenses. More than 7.2 million shares were bought at 18 cents per share in the over-su…
Andacollo drill results positive
Results from ongoing drilling at the Andacollo project in central Chile have Dayton Mining (TSE) predicting an increase in reserves. The proven and probable minable figure is now estimated at 30.7 mil…
Canmine delineates target on Fer play
Junior Canmine Resources (CDN) has outlined a new target area on its Fer project in northern Manitoba. The target, known as the Island zone, is interpreted as lying vertically at a depth of more than …
NEWS ROUNDUP — Holmstead options DKO property
An option agreement allowing International Holmstead Resources (VSE) to acquire the DKO property in northeastern Ontario has received regulatory approval. The 800-claim property is in Gauthier Twp., n…