METAL PRICES — FREE MARKET (March 24, 1997)
London Metal ExchangeMidday bid-ask prices in $US per tonneDateMar. 18Mar. 17Mar. 14Mar. 13Mar. 12…
News
Reserves triple at Limon gold mine
Idaho-based Fischer-Watt Gold (FWGO-O) has tripled proven and probable reserves at its Limon gold mine in northwestern Colombia.The figure now stands at 99,400 tonnes grading 16 grams gold per tonne, …
Alberta Stock Exchange files notice of hearing against Naxos
The Alberta Stock Exchange (ASE) has filed a notice of hearing against Naxos Resources and its president, Jimmy John.Trading in the company’s shares has been halted since May 1996.The notice alleges v…
LME Warehouse Levels (March 17, 1997)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at Mar.10/97 (change from previous week in brackets):Aluminium877,675(-4,775)Copper205,525(-9,275)Lead109,075(+1,050)Nickel45,8…
Correction (March 17, 1997)
Pangea Goldfields is listed on the Toronto Stock Exchange under the ticker symbol PGD. Incorrect information appeared in our issue of March 10, 1997.
$14m financing for Geomaque
Toronto-based Geomaque Explorations (GEO-T) will raise $14 million, most of which will be used to acquire interests in Latin American projects.The company sold 4 million special warrants at $3.50 each…
Gold Funds (March 17, 1997)
Gold Funds as of March 6, 1997BGRCentralNet Value$23.11$6.15Price$18.25$5…
Mar-West to raise exploration funds
Mar-West Resources (MSR-V) has agreed to a brokered private placement of 1.5 million special warrants at $2 each for proceeds of $3 million.Proceeds will be used to acquire and explore projects in El …
THE DIAMOND PAGE — Mountain Lake Resources set to drill concessions in South Africa
Drilling is under way at the Hartbeestlaagte 146 (H-146) and Zwartrand 145 (Z-145) diamond concessions in the Northwest Tansvaal province of South Africa.The concessions, which comprise 83 sq. km, are…
THE DIAMOND PAGE — Ore reserve estimates released — Quarter century of mining estimated for NWT Diamonds operation
The feasibility study for the NWT Diamonds project, near Lac de Gras in the Northwest Territories, proposes the development of five kimberlite pipes over 17 years. However, given the discovery of addi…
GREATEST VALUE TRADED, Mar. 5-11
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Odds ‘n’ sods — Cobalt’s canine mascot
By 1909, the northeastern Ontario town of Cobalt boasted a rag-tag downtown consisting of tailors, dressmakers, haberdashers and ice cream makers. The merchants, like the miners themselves, came from …