SouthernEra’s diamonds appraised
SouthernEra Resources (SUF-T) has received the valuation results for diamonds discovered at its Klipspringer project in South Africa.A parcel of 4,832 carats from run-of-Mine production evaluated by f…
News
Viceroy Res. posts loss over 9-Month period in 1996
For the last nine months of 1996, Viceroy Resource (VOY-T) suffered a loss of $39.2 million, or 80 cents per share.The loss stemmed from a $39.6-Million adjustment in the carrying value of the company…
STOCK MARKETS — Toronto composite index on the mend as gold jitters continue — Some base metals gain momentum lost in previous weeks
The Toronto Stock Exchange 300 composite index took a nose-dive during the report period ended April 16, dropping 77.46 points (or 1.3%) to 5,743.55.However, a jump of 64.22 points in trading on April…
Caledonia secures partner for Kikerk — BHP completes till-sampling program at Dunvegan
Caledonia Mining (CAL-T) has optioned half of its wholly owned Kikerk diamond property to Portree.To earn a half interest, Portree has agreed to spend $1 million exploring the property, which is in th…
METAL PRICES — Daily Metal Prices (April 21, 1997)
BASE METALS (London Metal Exchange – Midday bid/ask prices in US$ per tonne)DateApr. 15Apr. 14Apr. 11Apr. 10A…
LETTER TO THE EDITOR — The search for mines remains a risky venture
Your recent editorial, “The Bitter Taste of Humble Pie” (T.N.M., April 14/97), was far more contrite than present circumstances warrant. A bad situation has been made far worse, not by the more constr…
GOLD FUNDS (April 14, 1997)
Gold Funds as of April 3, 1997BGRCentralNet Value$21.43$6.04Price$16.75$6…
NEWS IN BRIEF (April 14, 1997)
Swannel Minerals (SNL-V) has changed its name to Globenet Resources (GBR-V) on a 1-new-for-10-old-share basis.
Corrections (April 14, 1997)
Arauco Resources (ARU-V) has acquired full ownership of the George Lake gold project. Incorrect information appeared in our issue of March 31.
LME WAREHOUSE LEVELS (April 14, 1997)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at April 7/97 (change from previous week in brackets):Aluminium844,575(-8,425)Copper167,125(-10,125)Lead107,875(+950)Nickel48,5…
Ecstall stakes claims in Alberta
Junior Ecstall Mining (EAM-V) has entered into the Alberta diamond rush by staking 1.4 million acres of prospective ground in the south-Central part of the province.The Vancouver-based company intends…
Gitennes drills Virgen for bulk-Tonnage potential
Though bad ground hindered the first phase of drilling on the Virgen gold property in north-Central Peru, assay results reveal potential for a low-grade, bulk-Tonnage deposit.Gitennes Exploration (GIT…