Exploration spending up in 1996
Spending on mineral exploration in Canada increased last year over figures recorded for 1995, according to a report released by Natural Resources Canada. .TThe level rose to $873 million from $718 mil…
News
METAL PRICES — DAILY METAL PRICES (May 12, 1997)
BASE METALS (London Metal Exchange – Midday bid/ask prices in US$ per tonne)DateMay 6May 5May 2May 1April 30…
GOLD FUNDS (May 05, 1997)
Gold Funds as of April 24, 1997BGRCentralNet Value$20.93$5.89Price$15.70$…
LME WAREHOUSE LEVELS (May 05, 1997)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at April 28/97 (change from previous week in brackets):Aluminium802,100(-16,200)Copper141,075(-9,050)Lead114,500(+1,650)Nickel5…
St Andrew increases width of West Porphyry
Infill and stepout drilling by St Andrew Goldfields (SAS-T) continues to add potential to the West Porphyry zone on the Taylor property, near Matheson, Ont.In the latest round, St Andrew drilled two i…
Inco plans Voisey’s start-up for late 1999
Michael Sopko, chairman of Inco (N-T), told shareholders at the recent annual meeting that the Voisey’s Bay nickel-copper-cobalt project in Labrador is turning out to be “all we had expected . . . and…
Rio Algom aims for top producer status
Lower copper prices over the past year may have contributed to a sluggish year for Rio Algom (ROM-T), but Chairman Gordon Gray is confident the company will eventually become Canada’s premier copper p…
LETTER TO THE EDITOR — An easily detectable discrepancy in Indonesia
I have followed with great interest The Northern Miner’s reports of the problems facing Bre-X Minerals over the assay results of samples from the Busang property in Indonesia.It is apparent that initi…
DIAMOND PAGE — Lytton, New Indigo process Jericho sample
About a third of a 15,000-tonne underground bulk sample of the land-based JD/OD-1 pipe at the Jericho project in the Northwest Territories has been processed.Partners Lytton Minerals (LTL-T) and New I…
SPOT PRICES (May 05, 1997)
Wednesday, April 30, 1997Price (US)Week’s ChangeGold*$340.45- $0.25Silver*$ 4.66…
MacDonald begins drill-testing new zone
A diamond drill program by MacDonald Mines Exploration (MMP.A-A) has started testing the recently discovered Zona Campo Santos showing on the Golden Hill property in Cuba.The prospect lies 1 km northw…
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