DIAMOND PAGE — Rex tests African project
Producer Rex Diamond (RXD-T) has secured permits to explore two concessions in the northwestern African country of Mauritania.The land package covers 46,700 km in the northwest part of the country, wh…
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Producer and Dealer Prices (October 20, 1997)
Aluminium: LME settlements US$1,633 per tonne(Oct. 14/97).Antimony: Composite free market, US$1,935 per tonne (Oct. 14/97).Bismuth: Composite free market US$3.40 per lb. (Sept. 30/97).Cadmium: Composi…
STOCK MARKET — Junior gold mining stocks help keep western markets afloat — Cross Lake makes splash after Timmins area find; Silverstone, Haddington also
upThe Vancouver Stock Exchange composite index edged up 6.55 points, or 0.8%, over the holiday-shortened report period ended Oct. 14 to close at 838.4. The mining index finished at 748.74, up 6.48 poi…
TORONTO STOCK EXCHANGE (October 20, 1997)
1997Oct.14Oct.13Oct.10Oct.9Oct.8HighLowComposite…
STOCK MARKET — TSE hits another record high as gold majors rally — Precious and base metal prices remain lacklustre
The Toronto Stock Exchange continued to perform at an impressive pace during the report period of Oct. 8 to Oct. 14, with the TSE 300 composite index closing at 7168.77, a drop of 41.16 points, or 0.6…
LME Warehouse Levels (October 20, 1997)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at Oct.13/97 (change from previous week in brackets):MetalStock(tonnes)Change…
SPOT PRICES (October 20, 1997)
Wednesday, October 15, 1997Price (US)Week’s ChangeGold*$325.60- $6.30Silver*$ 4.99…
Nar funds Zimbabwe project
A recent financing has provided funds for Nar Resources (NRL-M) to explore ground in greenstone belts in Zimbabwe.The exploration venture is a partnership with nickel giant Falconbridge (FL-T). The co…
East West to fund work near Timmins
East West Resource (EWR-W) has announced a private placement, arranged through Dominick and Dominick Securities, of up to 1 million special warrants at $1.20 each. Aggregate proceeds will total $1.2 m…
Blue Emerald works gold target
A work program by Blue Emerald Resources (BER-V) has outlined two new areas of gold mineralization on the Quebrada De Oro project in Nicaragua.A trenching and detailed soil sampling program is under w…
Trillion acquires bigger stake in Zimbabwean gold mine
Kanata, Ont.-based Trillion Resources (TLG-T) has purchased the remaining interest in the Indarama gold mine in Zimbabwe it did not already own.In November 1996, Trillion acquired a 20% interest in th…
Resolute, Samax find more gold in Tanzania
Samax Gold (SMX-T) and its Australian partner, Resolute Samantha, have discovered more gold beneath their proposed Golden Pride mine in the Lake Victoria Goldfields region of Tanzania.Drilling beneath…