MOST ACTIVE ISSUES, August 13-19
ExchgVolume(000s)CloseMeridian GoldT54536.45Eldorado GoldT…
News
Ventures seeks opportunity in southwestern Alaska
Having terminated its exploration project in Eritrea, East Africa, Ventures Resources (VRS-V) is focusing all of its efforts on Alaska.The company recently released the first batch of drill results fr…
Kazakstan kills Gold Pool contract
Things are getting ugly in Kazakstan: Just weeks after cancelling World Wide Minerals’ (WWS-T) contract to manage uranium operations in Stepnogorsk, the Kazakstani government’s State Property Departme…
LME WAREHOUSE LEVELS (August 25, 1997)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at Aug.18/97 (change from previous week in brackets):MetalStocks(tonnes)Change…
Mispec to launch resource calculation
Drilling by Mispec Resources (MPE-M) at its Jampang gold project in West Java, Indonesia, continues to return impressive results.In the latest program, the company completed 4,000 metres in 28 reverse…
FACTS ‘N’ FIGURES — Bullish future for aluminum
The most important feature of the aluminum market during recent months has been the rapid drawdown of the visible exchange and producer-held stocks. The decline has been supported by a strong recovery…
First Dynasty concludes Armenian deal
After months of negotiations, First Dynasty Mines (FDM-T) is about to conclude a deal with the Armenian government for reactivation of the Zod and Meghradzor gold mines.The deal, which is expected to …
DIAMOND PAGE — SouthernEra finds new pipe at Back Lake
A new kimberlite has been exposed by hand-trenching and test-pitting on the Back Lake project, northeast of Camsell Lake in the Northwest Territories.The kimberlite body is land-based and was found by…
METAL PRICES — Daily Metal Prices (August 25, 1997)
BASE METALS (London Metal Exchange – Midday bid/ask prices in US$ per tonne)DateAug. 19Aug. 18Aug. 15Aug. 14A…
PRODUCER AND DEALER PRICES (August 25, 1997)
Aluminium: LME settlements US$1,711 per tonne, alloy $1,475 per tonne (Aug.19/97).Antimony: Composite free market, US$1,890 per tonne (Aug. 18/97).Bismuth: Composite free market US$3.60 per lb. (Aug. …
Resource expands at Damoti Lake
Drilling by Quest International Resources (qix-t) has increased the resource of the Horseshoe gold zone at Damoti Lake in the Northwest Territories.The new resource is estimated at 606,000 tons gradin…
Petro defaults at Blackdome
The deal is off between Petro Plus (PPV.A-A) and the owners of the Blackdome mine project, a former gold producer near Clinton, B.C.Petro Plus defaulted in making two payments totalling $1.4 million a…