Worldwide titanium use on the rise
The growth of the Asian titanium market and a renewed demand for titanium pigment have pushed up demand for the metal.According to a new study, The Economics of Titanium Minerals and Pigments 1996, th…
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GOLD FUNDS (October 14, 1996)
Gold Funds as of October 3, 1996BGRCentralNet Value$24.14$6.30Price$18.70…
Trivalence Mining sells alluvial gems
Sales of alluvial diamonds are reported from the Aredor concession in Guinea, West Africa.An 851.46-carat parcel of rough diamonds recovered from test runs sold for US$340,000, while a single stone we…
DIAMOND NEWS ROUNDUP — Drilling tests Alberta anomalies
Drill-testing of nine potential kimberlite targets is under way on a 215,000-acre block of claims near Hinton, Alta.The property is held 50% by Montello Resources (MEO-A), 40% by Troymin Resources (TY…
DIAMOND NEWS ROUNDUP — SDS hits kimberlite
The Saskatchewan Diamond Syndicate has intersected kimberlite while drill-testing a geophysical anomaly at its diamond project in the Fort la Corne area of the province.Partners Swannell Minerals (SNL…
Bre-X keeps Busang close to its chest
Believing the law is on their side, officials at Bre-X Minerals (BXM-T) do not plan to bow to the demands of one of the company’s Indonesian partners for a bigger piece of the massive Busang gold proj…
STOCK MARKETS — All flat on the western front
The Vancouver Stock Exchange composite index remained flat over the report period ended Oct. 8, slipping 5.59 points to close at 1,199.91. The resource index, meanwhile, finished up 21.53 points at 2,…
DIAMOND NEWS ROUNDUP — MIT looks to Botswana
Junior MIT Ventures (MVC-V) plans to explore for diamonds in northeastern Botswana.The company will earn a 51% stake in 1,760 sq. km of prospective ground in Botswana from London-based Lion Mining Fin…
DIAMOND NEWS ROUNDUP — Redaurum sells gems to middleman
Toronto-based Redaurum (RRK-T) has sold some of its Kelsey Lake diamonds to William Goldberg Diamond Co. of New York, N.Y.Under the terms of the sale, which includes a 28.3-carat stone recently recove…
MOST ACTIVE ISSUES, Oct. 2-8
ExchgVol(000s)CloseBRE-X MnrlsT 11391 225.30Abacan ResT…
Spot prices at a glance (October 14, 1996)
Wednesday, October 9, 1996Price (US)Week’s ChangeGold*$380.90+ $1.70Silver*$ 4.88…
Wolverine partners expand Lynx lens in Yukon
With three drill rigs turning on the newly discovered Lynx lens at the Wolverine project in southeastern Yukon, operator Westmin Resources (WMI-T) and partner Atna Resources (ATN-T) are encountering s…