Placer options Fishhook property
An agreement with Gitennes Exploration (GIT-A) allows Placer Dome (PDG-T) to earn a 55% interest in the Fishhook gold property, 120 km northwest of Yellowknife, N.W.T.The property hosts several iron f…
Articles by Northern Miner Staff
PRODUCER PRICES (August 19, 1996)
ALUMINIUM: LME settlements US$1,468 per tonne (Aug. 13, 1996), alloy US$1,270 per tonne (Aug. 9, 1996).ANTIMONY: Composite free market, US$2,800 per tonne (Aug. 12, 1996).BISMUTH: Composite free marke…
STOCK MARKETS — Toronto market has another quiet week
The Toronto Stock Exchange traded lightly during the report period Aug.7-13, and finished fractionally higher. The TSE 300 composite index rose 23.98 points to close at 5,048.24. Golds lost ground, an…
METAL PRICES — FREE MARKET (August 19, 1996)
London Metal ExchangeMidday bid-ask prices in $US per tonneDateAug. 13Aug. 12Aug. 9Aug. 8Aug. 7…
United Keno on track to reopen Yukon silver mines
Positive exploration results from the Elsa properties in the Yukon are bringing United Keno Hill Mines (UKH-T) one step closer to resuming production.The properties, situated 280 miles north of Whiteh…
Caledonia calculates Nama resource
Following the recent flurry of drilling on its Nama project, Caledonia Mining (CAL-T) has announced a reserve calculation for one of its cobalt-copper deposits in Zambia.The company reports a prelimin…
Atlas eyes polymetallic producers in Bolivia
In hopes of regaining its producer status, Atlas (AZ-N) plans to buy four mines in Bolivia.The company signed a letter of intent to acquire Arisur, a joint venture company owned by Arimetco Internatio…
Juniors eye African copper-cobalt
Zaire ‘s copper and cobalt potential will be explored by two Canadian juniors in partnership with La Generale des Carrieres et des Mines (GECAMINES).As part of a preliminary agreement with Trillion Re…
Spot prices at a glance (August 19, 1996)
Wednesday, August 14, 1996Price (US)Week’s ChangeGold*$387.10-$1.15Silver*$ 5.09…
Fairfield discovers new vein at Siwash gold property
Exploration by Fairfield Minerals (FFD-T) has led to the discovery of a new vein system 650 ft. north of, and parallel to, the main Siwash vein near Merritt, B.C.Fairfield recently completed a 49-hole…
METALS COMMENTARY — Nickel analysts glued to Baywatch
The potential impact of more than 122,000 tonnes per year of Voisey’s Bay nickel production by the turn of the century has nickel analysts focusing their attention on the small, isolated inlet on the …
Greenstone adds to mine reserves
Initial drill results from its Santa Rosa gold mine project in Panama have induced Greenstone Resources (GRE-T) to consider modifying its open-pit design.The company has begun a 10,000-metre drill pro…