Gitennes raises funds for Peruvian work
To finance continuing work on its gold exploration projects in Peru, Gitennes Exploration (GIT-A) has raised $10 million through the sale of special warrants.The private placement consists of 2 millio…
News
METAL PRICES — Daily Metal Prices (October 06, 1997)
BASE METALS (London Metal Exchange – Midday bid/ask prices in US$ per tonne)DateSept. 30Sept. 29Sept. 26Sept. 25…
SPOT PRICES (October 06, 1997)
Wednesday, October 1, 1997Price (US)Week’s Change.ZSGold*$336.80+ $14.80Silver*$5.
Sutton to speed up Bulyanhulu
A special warrant financing has raised $30.7 million in gross proceeds for Sutton Resources (STT-V).About 2.4 million special warrants at $12.80 each were issued to a number of institutions. Each spec…
Abacus explores u.g. potential at Niblack
Abacus Minerals (AMS-V) is investigating the feasibility of underground exploration at the Niblack volcanogenic massive sulphide project in southeastern Alaska.The junior recently released assay resul…
Back Lake sample yields more diamonds
Further sampling near the Yuri kimberlite discovery at the Back Lake project in the Northwest Territories has returned five macrodiamonds (measuring greater than 0.55 mm in one dimension) and two micr…
PEOPLE – MONARCH
Lester Knight appointed vp of finance.
PEOPLE – MOLYCOR
David Madill elected director and John Fisher appointed CEO.
Tan Range cuts gold in central Tanzania
Tan Range Exploration (TNX-A) has hit long gold intersections at its Itetemia property in central Tanzania.An 8-hole, diamond-drill program tested a 200-metre section of the stratabound Golden Horsesh…
Great Central considers options Down Under
An attempt by Great Central Mines (GTCMY-Q) to shore up holdings in the Yandal and Wiluna mineral belts of Western Australia is faltering as the closing date for the proposed transaction approaches.In…
STOCK MARKETS — TSE breaks through 7,000 ceiling for the first time — Mining stocks buck trend, plummet to 1997 low
For the first time in the history of the Toronto Stock Exchange, the 300 composite index has smashed through the 7,000 level.The index climbed 188.98 points, or 2.8%, over the report period ended Sept…
Navan Resources embarks on Spanish mine construction
The first stage of construction is under way at the Aguas Tenidas zinc project in Spain’s Pyrite belt.The operator, London-listed Navan Resources, has contracted Spanish firm Ingemisa Servicios to dri…