Fancamp Resources (FNM-V) has acquired an option on 78 claims around a nickel discovery on Quebec’s North Shore, 90 km north of Baie Comeau.The discovery, tentatively named “B-40,” consists of dissemi…
Silver imports into India totalled more than 100 million oz. in the first eight months of 1997 — a 50% increase over the same period last year, according to Gold Fields Mineral Services. And with fur…
I really enjoyed the 2-part Geology 101 article on “Paleoplacer gold deposits” (T.N.M., Jan 12-18, 19-26/98) by Prof. Derek Wilton of Memorial University.As a small-time investor with an interest in t…
The Cluff Lake uranium mine in northern Saskatchewan has gone a full year without a lost-time accident, equivalent to more than 650,000 accident-free hours.”This was achieved only through the active i…
Three recent mining deaths in Canada have prompted the United Steelworkers union to speak out against unsafe mining practices.Miner Jacques Frenette was killed at Noranda’s Brunswick mine near Bathurs…
The most recent batch of soil samples from the Mauritanian diamond exploration properties of Rex Diamond (RXD-T) have shown significant counts of kimberlite indicator mineral.Indicators found include …
Exploring near the city of Paraiso in Brazil’s Tocantins state, Verena Minerals (VMCO-C) has found an emerald-bearing structure of possible commercial significance.Some of the rough emeralds bought fr…
Metal stocks (in tonnes) held in London Metal Exchange warehouses at Feb.17/98 (change from Feb. 10 in brackets):MetalStock(tonnes)Change…
Silver Standard Resources (SSO-V) has arranged a $3.35-million private placement consisting of 610,000 special warrants at $5.50 each. Each special warrant is exchangeable, without further payment, in…
Wednesday, February 18, 1998Price(US)Week’s ChangeGold*$297.80$1.15Silver*$ 6.72…
Canaccord Capital has arranged a $5-million financing for Western Copper Holdings (WTC-T), comprising 555,556 special warrants at $9 each.Each special warrant is exercisable for one share and one half…
Aluminium: LME settlements US$1,442, alloy US$1,286 per tonne (Feb. 17/98).Antimony: Representative mid-market US$1,655 per tonne (Feb. 10/98).Bismuth: Representative mid-market US$3.65 per lb. (Feb. …
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