DIAMOND PAGE — Financing for American Gem
Montana-based sapphire producer American Gem (gem-t) has raised $1.3 million in a private placement of 4.4 million shares at 30 cents each.The purchasers are Canadian and European institutional invest…
News
GREATEST VALUE TRADED, August 6-12
ExchgValue($000s)HighLowCloseChangeBarrick GoldT1…
COMMENTARY — Communication is key
The author is a senior geologist at Watts Griffis & McOuat and has written the following article at the request of Keep Mining in Canada, a grassroots campaign designed to increase awareness of the im…
NAR plans work in Zimbabwe
Over the next few years, NAR Resources (nrl-m) plans to spend US$2 million exploring greenstone belts considered prospective for volcanogenic massive sulphide deposits in Zimbabwe.The land package was…
DIAMOND PAGE — Cypango arranges placement
Cypango Ventures (cav-v) has arranged a brokered private placement of up to 5 million special warrants at a price of 40 cents per warrant.Each special warrant will be exchangeable into one common shar…
CIM meeting to discuss exploration methods
The methods and limitations of mineral exploration will be the focus of a symposium to be hosted by the Mineral Economics Society of the Canadian Institute of Mining, Metallurgy & Petroleum on Sept. 2…
Partners outline resource at Yaou and Dorlin in French Guiana
Three-way partners Guyanor Ressources (grl.b-t), Cambior (cbj-t) and Cambiex Exploration (cbx-t) have produced a resource estimate for the Yaou and Dorlin gold projects in French Guiana.At Yaou proper…
LME WHSE LEVELS (August 11, 1997)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at Aug.4/97 (change from previous week in brackets):Aluminium625750(-5925)Copper240675(+20075)Lead119775(+375)Nickel54414(+282…
Indicators adding up on Menora ground
The prospect of finding diamonds at the Tshane project in southwestern Botswana appears to be increasing, as more indicator minerals are found by owner Menora Resources (men-m).The company reports tha…
METAL PRICES — Daily Metal Prices (August 11, 1997)
BASE METALS (London Metal Exchange – Midday bid/ask prices in US$ per tonne)DateAug. 5Aug. 4Aug. 1July 31July…
Converse project shaping into large resource for JV partners
Drilling by Uranerz has almost doubled the gold resource at the Converse gold property in northwestern Nevada.A 25-hole drill program on the property, 180 km northeast of Reno, has now outlined 39 mil…
STOCK MARKET — Gold stocks left behind as TSE hits the heights — Base metals rise slightly in buoyant market
The Toronto Stock Exchange’s hot streak continued in the report period July 30-Aug. 5, with the TSE 300 composite index rising 101.91 points (1.5%) to a record high close of 6,903.08 on Aug. 5. Tradin…