Avalon continues to reel in Big Whopper
With the benefits of newly exposed outcrop and a clearer geological understanding, Avalon Ventures (AVL-V) is preparing to carry out a bulk-sampling program and a third phase of drilling at its Separa…
Articles by Northern Miner Staff
Greystar makes progress at Angostura
High in the majestic Andes of northern Colombia, Greystar Resources (GSL-T) is preparing to launch an independent prefeasibility study on an epithermal gold-silver deposit considered amenable to open-…
Amblin intersects deep zone
Drilling by Amblin Resources (AX-A) at the Lyndhurst property, 25 km north of Rouyn-Noranda, Que., has intersected massive sulphide mineralization at a vertical depth of 970 metres.The mineralized zon…
Quebec diamond plant opens
First Canadian Diamond Cutting Works, billed as Canada’s first fully integrated diamond cutting and polishing factory, has opened in Montreal.First Canadian has recruited experienced diamond cutters f…
MINING MARKETS & INVESTMENT NEWS — INSIDER TRADING — Kettle River insiders increase holdings
According to reports by the Ontario Securities Commission (OSC), four insiders of Kettle River Resources (KRR-T) bought shares and were granted options of that company in June and May.Ellen Clements, …
METAL PRICES (July 13, 1998)
BASE METALS (London Metal Exchange-Midday official cash/3-month prices in US$ per tonne)DateJuly 7July 6July 3July 2…
BHP takes major writedowns
Australia’s Broken Hill Proprietary (BHP-N) has written down the value of a large number of its assets.For the 1998 fiscal year ended May 31, BHP took writedowns totalling US$1.74 billion on a number …
LETTERS TO THE EDITOR — Isolation breeds ignorance — Nature of business contributes to carelessness
The passing of David Walsh, the late president of Bre-X Minerals, closes the final chapter on an individual who orchestrated one of the biggest snowjobs in the history of the exploration industry.He w…
MINING MARKETS & INVESTMENT NEWS — Antares buys more of Steppe Gold
After completing a due diligence review, Antares Mining and Exploration (ANZ-T) has exercised its option to acquire a $1.7-million convertible debenture of Steppe Gold (SPE-V).The debenture is convert…
Copper looking down a long, dark tunnel — Surpluses, weak demand could depress price for several years
Anyone that cashed out of the copper market around the time of the Sumitomo rogue-trading scandal had impeccable timing.Recent reports on the copper market by two metal trading firms and a Canadian ba…
MINING MARKETS & INVESTMENT NEWS — QUERY — Great Basin financing Nevada projects
In The Northern Miner of March,. 9/98, you carried a story entitled “Great Basin hits bonanza grades at Ivanhoe.” It says that results of the remaining drill test were expected later that month.I have…
LME WAREHOUSE LEVES
Metal stocks (in tonnes) held in London Metal Exchange warehouses at June 26/98 (change from June 22 in brackets):MetalStocks(tonnes)Change…