SPOT PRICES AT A GLANCE (February 03, 1997)
Wednesday, January 29, 1997Price (US)Week’s ChangeGold*$350.15+ $0.05Silver*$ 4.92…
News
AFRICA SPECIAL — EMF plans gold mine in Burkina Faso
Stremco, a 51% owned subsidiary of European Mining Finance (EMFF-C), expects to produce 10,000 oz. gold per year for at least eight years from an advanced project in northeastern Burkina Faso.The comp…
THE DIAMOND PAGE — Ashton intersects kimberlite
Diamond explorers Ashton Mining of Canada (ACA-T) and Pure Gold Resources (PUG-T) have pulled kimberlitic-textured rocks from the holes drilled northeast of Grande Prairie, Alta.The partners are testi…
PRODUCER PRICES (February 03, 1997)
ALUMINIUM: LME settlements US$1,606 per tonne, alloy $1,525 per tonne (Jan. 28/97).ANTIMONY: Composite free market, US$2,380 per tonne (Jan. 28/97).BISMUTH: Composite free market US$3.20 per lb. (Jan….
TSE INDICES (February 03, 1997)
1997Jan 28Jan 27Jan 24Jan 23Jan 22HighLowComposit…
Partners explore Poposal in Argentina
Reverse-circulation drilling is under way at the Poposa project in Argentina’s San Juan province.Australian-based Western Mining Corp. (WSTM-N), the operator, is earning up to a 60% interest in the pr…
Holmer resumes work in Timmins
Toronto-based Holmer Gold Mines (HGM-A) has resumed drilling at its gold property in Bristol Twp. near Timmins, Ont.The current drill program is following up a gold discovery made in late 1996. Holmer…
Gitennes gears up for Peruvian drilling program
Alberta-listed Gitennes Exploration (GIT-A) is set to begin drilling its Virgen gold property in the Huamachuco region of north-central Peru.In preparation for at least 2,000 metres of drilling, the c…
TSE SHORT POSITIONS (February 03, 1997)
Short positions outstanding at January 15, 1997Larger individual positions included: Barrick Gold 11,100,550, down 1,234,333; Agnico-Eagle 385,217, down 120,551; AJ Perron Gold 376,400, up 376,400; As…
Jersey bails out of Ecuadorean projects
Discouraged by exploration results, Jersey Goldfields (JRG-V) has decided to abandon its 53 mineral properties in Ecuador.The annoucement follows the company’s decision to terminate its option agreeme…
Cambior and Guyanor Ressources find gold at French Guianese project
Core drilling by Cambior (CBJ-T) and Guyanor Ressources (GLR.B-T) has confirmed the presence of gold mineralization at the Yaou project in French Guiana.The 30-hole, 4,390-metre program will pave the …
Lithos reports deal is in works
Quebec-based lithium producer Lithos (LTS-M) reports it is close to striking a deal with several large chemical and electronics firms.The company has produced lithium metal in experimental quantities …