Vancouver-based Kalahari Resources (VSE) has acquired 31 properties along the Abitibi greenstone belt of northwestern Quebec and northeastern Ontario. The properties were chosen by a group of prospect…
Drilling funded by Cameco (TSE) will test a high-grade gold discovery made by Trev (ASE) on its Cornice Mountain project near Stewart, B.C. The project is 15 km from Lac Minerals (TSE) Red Mountain go…
With reserves of 632.9 million tonnes averaging 0.414% copper and 0.0068% molybdenum yet to be mined, the huge Highland Valley copper mine near this interior community has about 15 more years to look …
VSE-listed Miramar Mining has secured funding for its purchase of the Con mine in Yellowknife, N.W.T. Sprott Securities and Yorkton Securities agreed to buy, through a bought deal, 11.25 million speci…
Underground drilling is in progress with two rigs at the Tulsequah Chief property in northwestern British Columbia. Owner Redfern Resources (TSE) expects to complete about 25,000 ft. of definition dri…
In what is probably the deepest hole ever commissioned by Noranda (TSE), a diamond drill will probe the Manitouwadge Synform to a depth of 8,000 ft. in a long-shot bid to extend the productive life of…
Several recent agreements are expected to increase Venezuelan Goldfields (VSE) exposure to mining concessions in Venezuela. The company intends to subscribe for two million units of Consolidated Cassa…
The silver-zinc-lead mine of Minera Real de Angeles in the Mexican state of Zacatecas is expected to be re-opened in the near future, Mexican sources say. The mine was closed in April, but higher silv…
Junior gold producer St Andrew Goldfields (TSE) has acquired three properties near Matheson, Ont., from Goldpost Resources (TSE). The Hislop East, Holcorp and Valliere properties were acquired in exch…
Weeks Price (US) Change Gold* $400.65 + $8.85 Silver* $ 5.29 + $0.22 Platinum* $417.75 + $12.15 Nickel** $ 2.22 – $0.02 Lead** $ 0.18 $0.00 Copper $ 0.88 $0.00 Zinc $ 0.42 $0.00 Courtesy of Scotiabank…
London Metal Exchange Spot closing prices in $US per tonne Date Aug. 3 Aug. 2 July 30 July 29 July 28 Copper 1946-1947 1960-1961 1971-1972 1960-1962 1954-1955 Lead 390-392 390-391 391-392 392-393 394-…
Airplanes and prospectors were to form an interesting new bond following the Second World War. The U.S. had developed an airborne system for finding submerged German U-boats, which detected the magnet…
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