Rux signs JV with Uzbekistan
Junior Rux Resources (RUXR-C) has formed a 50-50 joint venture with the government of Uzbekistan to participate in two precious metal projects in that country’s Tashkent region.One of these, the Kayra…
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LME WAREHOUSE LEVELS (March 24, 1997)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at Mar.17/97 (change from previous week in brackets):Aluminium891,825(+14,150)Copper197,450(-8,075)Lead108,225(-850)Nickel46,54…
Nuinsco reports better grades from Rainy River
Drill results from the Rainy River property in northwestern Ontario point to improved gold grades.Nuinsco Resources (NWI-T) reports that hole 6, drilled diagonally into the No. 17 zone, intercepted 37…
GOLD FUNDS (March 24, 1997)
Gold Funds as of March 13, 1997BGRCentralNet Value$23.34$6.15Price$17.90$…
THE DIAMOND PAGE — Kimberlite find triggers Alberta rush
New Claymore Resources (NCS-V) has increased to 6 million acres its land position in the Buffalo Hills-Peace River area of north-central Alberta.The area has heated up since Ashton Mining of Canada (A…
GREATEST VALUE TRADED, Mar. 12-18
ExchgValue($000s)HighLowCloseChangeInco LtdT11370…
Spot prices at a glance (March 24, 1997)
Wednesday, March 19, 1997Price (US)Week’s ChangeGold*$348.95- $4.20Silver*$ 5.17…
Pacific Rim enters financing deal
Pacific Rim Mining (PFG-V) will use proceeds from a $12.7-million equity financing to accelerate exploration of its Cerro Blanco and La Colorada properties in northwestern Argentina and fund future ac…
St Andrew hits high-grade gold at Taylor property in Ontario
Diamond drilling at the Taylor gold property in the Matheson area of northeastern Ontario has returned high-grade gold values for St Andrew Goldfields (SAS-T).The company is concentrating its efforts …
STOCK MARKETS — Western markets dance the cucaracha
The Vancouver Stock Exchange composite index rose 15.77 points, or 1.18%, over the report period ended March 11, closing at 1347.18. The resource index rose was up just a notch, adding 4.6 points, or …
65th PDAC emphasized global opportunities
Same show, new roof.The 65th annual convention of the Prospectors & Developers Association of Canada (PDAC) had a new home, the Metropolitan Toronto Convention Centre, and a new, roomier feel, while s…
Wheaton River will sell control of YGC
Wheaton River Minerals (WRM-T) plans to sell its 61.9% interest in YGC Resources (YGC-V) in order to finance development of its Golden Bear heap-leach mine in northwestern British Columbia.Wheaton has…