EDITORIAL PAGE — Eyeball assaying
Investors who bought shares of Cartaway Resources at peak prices are obviously not happy about the way the company handled the release of information from the drill program at the Cirque property in L…
News
Arequipa drilling delivers the goods
Results from the first hole drilled on the Pierina prospect in Peru surpassed market expectations for Arequipa Resources (AQP-T).The hole, part of an initial 5,000-metre program, returned an 88-metre …
NEVADA SPECIAL — BMR to advance Comstock Lode
An agreement with Rea Gold (REO-T) enables BMR Gold (BGL-T) to acquire the Comstock Lode heap-leach project in Nevada’s historic Comstock district.The Comstock region, 17 miles south of Reno, produced…
BOOK REVIEW — Book focuses on mining royalties between private parties
The legal complexity of mining royalties is unraveled in a new book, Mining Royalties Between Private Parties, published by the Centre for Resource Studies at Queen’s University.Author Karl J.C. Harri…
DIAMOND PAGE — Major General searches Greenland
Although its original target in Greenland was base metals, Major General Resources (MGJ-V) is turning up heavy minerals, which indicates potential for kimberlite discoveries.In the autumn of 1995, the…
GREATEST VALUE TRADED, May 22-28
Val($000s) High Low ChangeBRE-X Mnrls T295822$28.6522.3526.10 +2.70 .Arequipa Res T183539$34.7519.2032.65+12.50 .Diamond Flds T111220$40.0538.2539.95+0.25 .Cameco Corp T93879$6…
STOCK MARKETS — Juniors dominate drifting market
The Toronto Stock Exchange settled lower last week, supporting the view that the markets are fully valued. The TSE 300 composite index was down 18.94 points (0.4%) over the period May 22-28, closing a…
TSE Short Positions (June 03, 1996)
Short positions outstanding at May 15, 1996Larger individual positions included: Abacan 131,600; Barrick Gold 4,690,913; Agnico-Eagle 450,968; Algoma Steel 233,223; Adex Mining 345,000; Asia Pacific 1…
Gold Funds (June 03, 1996)
Gold Funds as of May 23, 1996BGRCentral.Net Value$25.95$6.72 .Price $19.60$7.000 .Discount24.46%4.2% .Value$202,855,000$126,695,100 .
Spot prices at a glance (June 03, 1996)
Wednesday, May 29, 1996Week’s Price (US) Change .Gold* $391.65+$0.65 .Silver* $ 5.37+$0.08 .Platinum*$400.25+$3.00 .Nickel**$ 3.59+$0.08 .Lead**$ 0.37-0.01 .Copper{$ 1.15+$0.04 .Zi…
NEVADA SPECIAL — Royal Gold looks at Great Basin
Limited exploration into the lower plate of the Roberts Mountain thrust at the NAD claims in central Nevada indicates the possibility of gold mineralization, reports Royal Gold (RGLD-Q).The property i…
Diamond Fields takeover delayed
Uncertainty over a lawsuit has prevented Inco (N-T) from completing the acquisition of Diamond Fields Resources (DFR-T) on the scheduled closing date of May 29. At presstime, the deal had not yet been…