GREATEST VALUE TRADED, August 20-26
ExchgValue($000s)HighLowCloseChangeInco LtdT11183…
News
Earnings rise for Rayrock Yellowknife
A major sale made the second quarter a strong one for Rayrock Yellowknife Resources (RAY-T).The company, which mines gold in Nevada, reported earnings of US$5.4 million (or 30 cents per share), compar…
EDITORIAL — Coggin and Niemuth should be unmuzzled — Freedom of speech
Early this year, Delgratia Mining stated that its Josh property in Nevada had reserves of 5 million oz. gold. The estimate was based on four drill holes, which included such impressive assay results a…
DIAMOND PAGE — Drilling resumes at Camsell Lake
Partners Winspear Resources (WSP-V) and Aber Resources (ABZ-T) have resumed drilling in the Snap Lake area of the Camsell Lake project in the Northwest Territories.A program of up to 2,200 metres is t…
SPOT PRICES (August 25, 1997)
Wednesday, August 20, 1997Price (US)Week’s ChangeGold*$322.00- $6.60Silver*$ 4.51…
TSE SHORT POSITIONS (August 25, 1997)
Short positions outstanding at July 31, 1997Larger individual positions included: Barrick Gold 11,804,898, up 866,048; Bema Gold 4,407,286; Bonus Resource 22,190, down 791,810; Breakwater Resources 22…
Treminco hard at work in Territories
Buoyed by recent drill results, Treminco Resources (TMO-T) is planning a further 1,000-metre drill program at its Sito property, 40 km north of Yellowknife, N.W.T.Drilling this summer tested a structu…
LITERATURE REVIEW — KWG sees four mines on Russian horizon
Through its wholly owned subsidiary, Far East Gold (FEGI-C), Montreal-based KWG Resources (kwg-t) has signed letters of intent with two Russian gold companies to acquire interests in four gold deposit…
First Dynasty concludes Armenian deal
After months of negotiations, First Dynasty Mines (FDM-T) is about to conclude a deal with the Armenian government for reactivation of the Zod and Meghradzor gold mines.The deal, which is expected to …
GOLD FUNDS (August 25, 1997)
Gold Funds as of August 14, 1997BGRCentralNet Value$18.64$5.60Price$14.80…
DIAMOND PAGE — SouthernEra finds new pipe at Back Lake
A new kimberlite has been exposed by hand-trenching and test-pitting on the Back Lake project, northeast of Camsell Lake in the Northwest Territories.The kimberlite body is land-based and was found by…
LITERATURE REVIEW — Cambiex Exploration acquires gold project in south Peru
The Arequipa region of southern Peru has attracted the attention of Cambiex Exploration (CBX-T), the exploration arm of parent company and majority shareholder Cambior (CMH-T).Cambiex recently signed …