Anvil retains financial adviser
Toronto-based Anvil Range Mining (ARO-T) has retained RBC Dominion Securities to help review refinancing options that would allow the company to resume operations at Faro, Y.T.As financial adviser, RB…
1997
DIAMOND PAGE — Hymex reports on May production
An alluvial diamond mine in Guinea, West Africa, recovered 4,142 diamonds weighing a total of 2,177.7 carats during the month of May, reports operator Hymex Diamond (HMD-V).Of this total, 287 stones r…
TSE SHORTS (June 16, 1997)
Short positions outstanding at May 31, 1997Larger individual positions included: Barrick Gold 12,118,753, up 391,400; Ashton Mining of Canada 110,000, down 104,722; Adex Mining 106,000, down 204,000; …
Francisco drills in Mexico
To accelerate drilling, Francisco Gold (FGX-V) has mobilized a third rig to the Sauzal gold property in Mexico’s Chihuahua state.The program is drill-Testing potential targets that extend immediately …
TSE INDICES (June 16, 1997)
1997June 10June 9June 6June 5June 4HighLowComposi…
Placer closes takeover
Placer Dome (PDG-T) has received US$97 million in return for selling the non-Porgera assets acquired in its takeover of Highlands Gold.Highlands Gold owned 25% of the Porgera gold mine in Papua New Gu…
Toronto Stock Exchange Indices (June 09, 1997)
1997June 3June 2May 30May 29May 28HighLowComposit…
Silver Standard hits high grade in Bolivia
A 40-hole drill program at El Asiento, a silver-gold property in southwestern Bolivia, has returned positive results for Silver Standard (SSO-V).The 4,219-Metre program was drilled to test targets in …
Armada eyes gold in Chita
Armada Gold (AAU-T) has signed a protocol with the regional administration of Chita Oblast, Russia, addressing the future development of its Baley gold project.The agreement covers various tax issues …
Princeton postpones rollback, suffers loss
Poor market conditions have forced Princeton Mining (PMC-T) to postpone a planned 5-for-1 share rollback.The transaction had been approved previously, but, because of the battering many mining stocks …
Chase expands gold zone at Archangel
Drilling by Chase Resource (CQS-T) at its Archangel gold-copper property in the Philippines has expanded the oxide gold zone.An initial 13-hole program of reverse-circulation drilling, comprising 1,54…
DIAMPND PAGE — Monopros pulls kimberlite in N.W.T.
Monopros, the exploration arm of De Beers Consolidated Mines (DBRS-Q), has intersected kimberlite while drill-Testing a lake-based geophysical target in the southern portion of the AK property in the …