TSE INDICES (October 12, 1998)
1998Oct. 6Oct. 5Oct. 2Oct. 1Sept. 30HighLowCompos…
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PRODUCER & DEALER PRICES (October 12, 1998)
Aluminium: LME settlements US$1,291, alloy US$1,114 per tonne (Oct. 6/98).Antimony: Representative mid-market US$1,320 per tonne (Oct. 6/98).Bismuth: Representative mid-market US$3.25 per lb. (Oct. 6/…
Rayrock closes Daisy purchase
Rayrock Resources (RAY-T) has acquired the remaining 65% stake in the Daisy gold mine owned by sister company Inter-Rock Gold (IRO-T).The property was purchased for a total of about US$1 million cash …
Freewest targets gold at Golden Ridge
Junior Freewest Resources (FWR-T) is carrying out a trenching program at its Golden Ridge property on the border of New Brunswick and Maine.Golden Ridge covers 91 sq. km of contiguous claims, of which…
First Dynasty sells Sembakung
Singapore-based First Dynasty Mines (FDM-T) has severed its ties to Indonesia by selling an 80% interest in the Sembakung oilfields project to Equatorial Energy.Equatorial acquires US$15.5 million of …
Possible kimberlite in northern Alberta
Kennecott Canada Exploration has encountered a rock unit that it believes may be kimberlite while drill-testing the Phoenix geophysical target at the Legend property in northeastern Alberta.An ultrama…
Diagem funds Brazil work
To finance ongoing exploration in southwestern Brazil, Diagem International Resource (DGM-V) has raised $200,000 in a private placement.The company sold 1.1 million units at 18 cents each. A unit cons…
Atapa options Doherty ground
Atapa Minerals (AML-M) has signed a deal with privately held DCM Gold to acquire the Doherty Cooper gold property near Kirkland Lake, Ont.Atapa can acquire a full interest in the eight claims that mak…
Newmont, SW Gold ink Peruvian deal
Newmont Gold (NGC-N) will join Southwestern Gold (SWG-T) in the search for gold deposits in southern Peru.Newmont can earn a half-interest in Southwestern’s Puno project by spending US$1.5 million ove…
Orvana aims to double Pederson resource — Potentially large target attracts attention of BHP
After a hiatus of more than a year, Orvana Minerals (ORV-T) is preparing to resume drilling at the Pederson project in the central Altiplano region of western Bolivia.Reflecting a renewed interest in …
Partners expand Chocolate Reef
An independent resource calculation has increased by 31% the size of the Chocolate Reef gold deposit in Tanzania’s Lake Victoria Gold district.Chocolate Reef is situated on the Kahama property, which …
Scoping study points to Camsell Lake’s potential
Preliminary results of a scoping study of the NW Snap Lake kimberlite dyke at the Camsell Lake property in the Northwest Territories suggest that the potential economics of the project are strong.Wins…