Santa Elina, Echo Bay firm up Chapada deposit
Santa Elina Gold (TSE) and Echo Bay Mines (TSE) are stepping up their joint effort to explore for gold deposits in Brazil.Echo Bay will acquire another 4 million shares of Santa Elina, entitling the m…
News
Ecuadorian takes shine to Peru
Ecuadorian Minerals (TSE) can buy several mining concessions in the Peruvian region of Angasmarca, 100 km from the Yanacocha gold district.The Inti property consists of two blocks of concessions total…
Canyon eyes East African property
Canyon Resources (NASDAQ) has signed an exploration agreement with the government of Ethiopia concerning the Megado Serdo gold property.The 60-sq.-km package lies within the Adola greenstone belt, in …
TVI Pacific completes financing
Holders of warrants to buy shares in TVI Pacific (ASE) have exercised 4.9 million of the 5 million outstanding warrants, which expired on Aug. 29.Each warrant entitled the holder to buy one share of T…
Spot prices at a glance (October 16, 1995)
Wednesday, October 11, 1995Week’sPrice (US)ChangeGold*$384.70+$2.10Silver*$ 5.42+$0.08Platinum*$415.25-$1.00Nickel**$ 3.49-$0.10Lead**$ 0.27$0.00Copper $ 1.25-$0.05Zinca$ 0.4…
Pentland drill-tests Marlhill
Drilling at the past-producing Marlhill mine near Timmins, Ont., indicates the presence of a sizable quantity of untapped gold beneath the old workings.Six holes drilled by Pentland Firth Ventures (TS…
Gold Funds (October 16, 1995)
Gold Funds as of October 5BGRCentralNet Value$17.36$6.52Price$13.75$6.500Discount20.81%0.3%Value$135,755,000$117,645,450…
STOCK MARKETS — All quiet on the western front
Western markets continued to languish over the report period ended Oct. 10. The Vancouver Stock Exchange resource index fell 28.74 points to finish at 1,329.49, while the composite index closed down 2…
DIAMOND NEWS ROUNDUP — Kennecott, Aber recover more diamonds from Diavik
Caustic fusion analysis performed at the Diavik project in the Lac de Gras region of the Northwest Territories has yielded 143 macrodiamonds and 288 micros. The process was applied to 310.4 kg of core…
Toronto Stock Exchange Indices (October 16, 1995)
— 1995 — Oct 10Oct 9Oct 6Oct 5Oct 4HighLowComposite”300″4472.30N/A4495.444499.774492.624718.273983.34Metals&Minerals4599.15N/A4620.764640.464609.525276.123273.56Integrated Mine…
NEWS IN BRIEF (October 16, 1995)
Kilkenney Resources (KNY: VSE) has changed its name to Ghana Gold Fields (GHN: VSE).
TSE intending to go decimal by spring, 1996
The board of the Toronto Stock Exchange has endorsed a plan to switch to decimal trading by spring, 1996.Currently, TSE stocks valued at between $3 and $5 are traded in increments of 5 cents; those va…