TORONTO STOCK EXCHANGE INDICES (February 10, 1997)
1997Feb 4Feb 3Jan 31Jan 30Jan 29HighLowComposite”…
News
Union Pacific lays claim to diamond mine
Diamond miner Redaurum (RRK-T) says it intends to “strenuously defend” title to its Kelsey Lake mine, 45 miles west of Fort Collins, Colo., near the Wyoming border.The company’s rights to the new diam…
Omax Resources plans financing
A private placement of 5 million warrants, priced at 83 cents each, is expected to provide gross proceeds of up to $4.15 million for Omax Resources (OXR-V).The junior company is exploring a number of …
Mineral Resources withdraws bid for Anvil Range Mining
Outgunned by Cominco (CLT-T), Mineral Resources (MIC-T) has abandoned its takeover bid for Anvil Range Mining (ARO-T).Mineral Resources found it was unable to win support for its bid from Anvil Range’…
Dia Met project subject of CIM lunch
The NWT diamond project of Dia Met Minerals and BHP Minerals will be discussed at the next meeting of the Canadian Institute of Mining, Metallurgy & Petroleum, to be held Thursday, Feb. 20 at 12 noon …
PEOPLE — DRAGOON
Cynthia Avelino, Walter Clemens, William Daly, Harry Hopmeyer, Michael Magrum and John Milligan appointed directors.
Spokane hosts technological conference
The Society for Mining, Metallurgy Exploration (SME) and the American Institute of Mining Engineers (AIME) will co-host the Northwest Metals and Minerals Conference, to be held April 23-25 at the West…
Kennecott drilling at Candle Lake property
Drilling at the Candle Lake property near Prince Albert, Sask., is under way in an effort aimed at collecting 45 tonnes of kimberlite.The project is a joint venture involving War Eagle Mining (WEM-V),…
PRODUCER PRICES (February 10, 1997)
ALUMINIUM: LME settlements US$1,594 per tonne, alloy $1,507 per tonne (Feb.4/97).ANTIMONY: Composite free market, US$2,400 per tonne (Feb. 4/97).BISMUTH: Composite free market US$3.15 per lb. (Feb. 4/…
Oro Belle explores gold potential of Flechas property in Argentina
Exploration by Oro Belle Resources (ORS-V) is proving up the potential of the Flechas gold property in Argentina.Samples from 11 trenches assayed up to 7 grams per tonne, which is consistant with surf…
STOCK MARKETS — VSE juniors push resource index higher
Over the report period ended Feb. 4, the Vancouver Stock Exchange composite index climbed above the 1200 level for the first time since Oct. 31, 1996, to close up 18.74 points at 1,218.21. The resourc…
Regal tests target near Kidd Creek
The prospect of discovering another copper-zinc deposit comparable to Kidd Creek continues to lure junior companies to Ontario’s Timmins camp.One such company, Regal Goldfields (REGL-C), recently laun…