DIAMOND PAGE — SouthernEra recovers diamonds
High-value diamonds are flowing from the Luo fluvial diamond operation, reports SouthernEra Resources (SUF-T).SouthernEra receives 10% of the net profit from the Angolan operation, and 35% of the prof…
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LATIN AMERICA — First Point options property in Honduras
Vancouver-based First Point Minerals (FPX-A) is preparing to explore the recently acquired Cedros silver-lead-zinc property near Tegucigalpa, Honduras.The junior can earn a 100% interest in the 59-sq….
VSE board a well-travelled route to Latin America
The Latin American Board of the Vancouver Stock Exchange (VSE) has become an important tool for junior mining companies intent on making headway into emerging markets south of the U.S. border.The boar…
DIAMOND PAGE — Hearne, Tuzo discoveries prove diamondiferous
The recently discovered Hearne and Tuzo kimberlite pipes on the AK property in the Northwest Territories are diamondiferous.Monopros, a wholly owned subsidiary of De Beers Consolidated Mines (DBRS-Q),…
STOCK MARKET — New Labrador find not enough to buoy western markets — Cross Lake and Ag
Armeno among host of active juniors in resource sectorThe Vancouver Stock Exchange composite index closed down 4.96 points, or 0.6%, at 833.44 over the report period ended Oct. 21. The mining index wa…
STOCK MARKET — TSE down slightly as golds and base metals edge ahead — Junior issues gain
some vitality in week of light tradingThe Toronto Stock Exchange 300 composite index ended the report period Oct.14-21 at 7137.27, down 31.5 points, or 0.4%. Trading was relatively light, with trading…
PRODUCER & DEALER PRICES (October 27, 1997)
Aluminum: LME settlements US$1,565.5 per tonne, alloy $1,437.5 per tonne (Oct. 22/97).Antimony: Composite free market, US$1,900 per tonne (Oct. 21/97).Bismuth: Composite free market US$3.35 per lb. (O…
Gerle, Monopros come up short at Doyle Lake
A 6-hole drilling program at the Doyle Lake diamond project in the Northwest Territories encountered no kimberlite.Gerle Gold (GGL-V) holds a 40% interest in the project and is the operator.Monopros, …
LATIN AMERICA — Phelps Dodge joins forces with Corner Bay at Cerro Verde
Partners Corner Bay Minerals (BAY-T) and Phelps Dodge (PD-N) are forming a joint-venture company to explore the Cerro Verde property in Mexico’s Sonora state. Their objective is to outline a bulk-tonn…
LATIN AMERICA — Geomaque intensifies drilling in NW Honduras — Reserve calculation for Vueltas del Ro gold property anticipated in coming months
Delineation drilling by Geomaque Explorations (GEO-T) at its Honduran gold property has returned sufficiently encouraging values to warrant follow-up work.No sooner had the company wrapped up its dril…
LATIN AMERICA — Phelps Dodge bids adis to Peruvian play
Phoenix, Ariz.-based Phelps Dodge (PD-N) has pulled out of the Cerro Lindo copper-zinc project in Peru.The company gave no reason for its withdrawal..Situated near the southern department of Arequipa,…
LATIN AMERICA — Eldorado funds mine expansion
Some of the proceeds of a newly arranged US$50-million revolving credit facility will be used by Eldorado Gold (ELD-T) to fund an ongoing expansion and optimization program at the Sao Bento gold mine …