Greenshield Res. hits gold at Urban
In ongoing drilling, Greenshield Resources (GSR-M) has uncovered two gold zones at the Urban property, 185 km northeast of Val d’Or, Que.The junior is earning a half interest in the property from Moss…
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Oroperu Res. raises $8.7 million — Money slated for Tres Cruces project in Peru
To finance its Peruvian projects, Oroperu Resources (OROP-C) has raised $8.7 million in a private placement.The placement, which was brokered by Yorkton Securities, consisted of 4 million special warr…
STOCK MARKETS — VSE composite and resource indices flattened by Bre-X debacle — Bright spots include Arizona Star, which unveiled resource estimate for Chilean gold-Copper play
The cloud of uncertainty looming over Bre-X Minerals continued to rain on most junior mining stocks.Led by the resource sector, the Vancouver Stock Exchange composite index lost 44.85 points, or 3.92%…
GOLD FUNDS (April 14, 1997)
Gold Funds as of April 3, 1997BGRCentralNet Value$21.43$6.04Price$16.75$6…
Bre-X execs pocket profits — Felderhofs and Walshes earn $77 million
The principals of Bre-X Minerals (BXM-T) lost many millions on paper when the stock crashed on March 27. But not before they made millions exercising lucrative options and selling high.Insider trading…
Most Active Issues April 9-15
ExchgVol(000s)CloseBre-X MnrlsT540032.30Bresea ResM…
Adrian turns drills at Panamanian gold-Copper play
Two diamond drills are operating in a 37-hole program at junior Adrian Resources’ (ADL-T) Petaquilla property in Panama.Situated 125 km west of Panama City, the property comprises 2,086 sq. km and con…
NEWS IN BRIEF (April 14, 1997)
Swannel Minerals (SNL-V) has changed its name to Globenet Resources (GBR-V) on a 1-new-for-10-old-share basis.
SPOT PRICES (April 14, 1997)
Wednesday, April 9, 1997Price (US)Week’s ChangeGold*$348.00- $2.70Silver*$ 4.77…
TORONTO STOCK EXCHANGE INDICES (April 14, 1997)
1997Apr 8Apr 7Apr 4Apr 3Apr 2HighLowComposite “30…
Yamana cancels PNG deal with Union — Company retains 17.6% interest
Uncertainties related to working in Papua New Guinea and other parts of Southeast Asia have prompted Yamana Resources (YRI-T) to cancel plans to make Union Mining a wholly owned subsidiary.Yamana, whi…
ODDS `N’ SODS — Working on the railroad
During my 16 years in Timmins, Ont., I seemed to be involved with mine cars on a continual basis.Redesigning the cars at the Paymaster gold mine presented the biggest challenge I faced while working i…