TORONTO STOCK EXCHANGE INDICES (September 01, 1997)
1997Aug 26Aug 25Aug 22Aug 21Aug 20HighLowComposite”300″6697.916732.916709.786732.976773.136964.085657.96Metals & Minrls5100.355168.555115.825146.505194.905891.754927.03Integrated …
News
Drills turn at Lew property
A 6-hole drill program totalling 2,000 metres is under way at the Lew volcanogenic copper-zinc property, 20 km east-northeast of Flin Flon, Man.Partners Thunderwood Resources (THS-T) and Consolidated …
Voisey’s Bay work halted
A permitting delay threatens to push back the production date for the Voisey’s Bay nickel-copper-cobalt project beyond the current projection of late 1999.A Newfoundland Court of Appeal injunction has…
Cornucopia eyes Dublin Gulch
The Dublin Gulch gold project in the Yukon Territory has been relatively inactive for years. But Cornucopia Resources (CNP-T) plans to take control of the project from First Dynasty Mines (FDM-T) and …
Cartaway poised to drill in Labrador
Sapphires in the south and nickel-copper-cobalt farther north represent the commodities being sought in Labrador by Cartaway Resources (cwa-a).The junior has established a camp and started a program o…
Royal Oak finds deeper gold near Colomac
Drill results suggest that the Colomac gold mine in the Northwest Territories may have potential to continue as an underground operation once production at the open pit ceases this autumn.Various expl…
PRODUCER AND DEALER PRICES (September 01, 1997)
Aluminium: LME settlements US$1,764 per tonne, alloy $1,455 per tonne (Aug.26/97).Antimony: Composite free market, US$1,880 per tonne (Aug. 25/97).Bismuth: Composite free market US$3.60 per lb. (Aug. …
LME WAREHOUSE LEVELS (September 01, 1997)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at Aug.22/97 (change from previous week in brackets):MetalStocks (tonnes)Change…
Solitario cuts high-grade zinc
Initial drilling at two zinc-lead prospects held by Solitario Resources (SLR-T) in northern Peru has intersected high-grade mineralization.The drilling is being performed by the Peruvian subsidiary of…
Altavista busy near Sept-Iles
A recent private placement netted $590,000 for Altavista Mines (ASIA-M) to finance exploration work on the Chiskal and La Source properties in the Sept-les region of Quebec.Work to date on the propert…
Eden Roc turns profit at African gold mine
Miners say it all the time, so it must be true: there is no substitute for grade.The motto would seem to apply to Eden Roc Minerals (edn-t), which announced record gold production of 11,670 oz. and ne…
Australian satellite to aid in exploration
Australia is taking the science of mineral exploration to new heights.A consortium of business and government interests is developing a satellite to carry imaging spectrometers capable of differentiat…