PRODUCER PRICES (February 03, 1997)
ALUMINIUM: LME settlements US$1,606 per tonne, alloy $1,525 per tonne (Jan. 28/97).ANTIMONY: Composite free market, US$2,380 per tonne (Jan. 28/97).BISMUTH: Composite free market US$3.20 per lb. (Jan….
Articles by Northern Miner Staff
TSE INDICES (February 03, 1997)
1997Jan 28Jan 27Jan 24Jan 23Jan 22HighLowComposit…
Partners explore Poposal in Argentina
Reverse-circulation drilling is under way at the Poposa project in Argentina’s San Juan province.Australian-based Western Mining Corp. (WSTM-N), the operator, is earning up to a 60% interest in the pr…
Holmer resumes work in Timmins
Toronto-based Holmer Gold Mines (HGM-A) has resumed drilling at its gold property in Bristol Twp. near Timmins, Ont.The current drill program is following up a gold discovery made in late 1996. Holmer…
Correction (February 03, 1997)
Junior Fairstar Explorations (FFR-M) has a 55% interest in the Fenelon gold property and is operator of the Quebec project.Incorrect information appeared in our issue of Jan. 20.
Gitennes gears up for Peruvian drilling program
Alberta-listed Gitennes Exploration (GIT-A) is set to begin drilling its Virgen gold property in the Huamachuco region of north-central Peru.In preparation for at least 2,000 metres of drilling, the c…
TSE SHORT POSITIONS (February 03, 1997)
Short positions outstanding at January 15, 1997Larger individual positions included: Barrick Gold 11,100,550, down 1,234,333; Agnico-Eagle 385,217, down 120,551; AJ Perron Gold 376,400, up 376,400; As…
Jersey bails out of Ecuadorean projects
Discouraged by exploration results, Jersey Goldfields (JRG-V) has decided to abandon its 53 mineral properties in Ecuador.The annoucement follows the company’s decision to terminate its option agreeme…
Cambior and Guyanor Ressources find gold at French Guianese project
Core drilling by Cambior (CBJ-T) and Guyanor Ressources (GLR.B-T) has confirmed the presence of gold mineralization at the Yaou project in French Guiana.The 30-hole, 4,390-metre program will pave the …
Lithos reports deal is in works
Quebec-based lithium producer Lithos (LTS-M) reports it is close to striking a deal with several large chemical and electronics firms.The company has produced lithium metal in experimental quantities …
Rio Narcea lands Spanish subsidy
The Spanish ministry of industry has granted Rio Narcea Gold Mines (RNG-T) a 35% non-reimbursable subsidy for capital expenditures on its gold projects in northwestern Spain.The ministry’s resolution …
Abitibi results encourage Dianor
Montreal-based junior Dianor Resources (DOR-T) has encountered a zone of gold mineralization on its Adanac property, 10 km east of Rouyn-Noranda, Que.Four drill holes provided promising results.Hole 4…