METAL PRICES — DAILY METAL PRICES (April 14, 1997)
BASE METALS (London Metal Exchange – Midday bid/ask prices in US$ per tonne)DateApril 8April 7April 4April 3A…
1997
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…
Resource estimate for Diavik
Based on preliminary geological modelling of four pipes, the Diavik project in the Lac de Gras area of the Northwest Territories is estimated to contain resources of 36 million tonnes of kimberlite, d…
DIAMOND BRIEFS — Hymex tallies Guinean output
Several large stones were part of the latest production haul at Hymex Diamond’s (HMD-V) alluvial operations in Guinea, West Africa.For the month of March, the company recovered 5,511 stones weighing a…
Bre-X execs pocket profits — Felderhofs and Walshes earn $77 million
The principals of Bre-X Minerals (BXM-T) lost many millions on paper when the stock crashed on March 27. But not before they made millions exercising lucrative options and selling high.Insider trading…
ODDS `N’ SODS — Working on the railroad
During my 16 years in Timmins, Ont., I seemed to be involved with mine cars on a continual basis.Redesigning the cars at the Paymaster gold mine presented the biggest challenge I faced while working i…
Greatest Value Traded April 2-8
ExchgValue($000s)HighLowCloseChangeBarrick GoldT1…
Ventures adds to Alaskan holdings
Ventures Resource (VRS-V) is expanding its holdings in the Donlin Creek area of west-Central Alaska.The junior and two majors, Placer Dome (PDG-T) and Cominco (CLT-T), are rapidly acquiring land follo…
GEOLOGY 101 — Epithermal deposits, Part 2
Epithermal gold deposits, which contribute significantly to the world’s gold supply, are an important exploration target which must be evaluated carefully based on the amount of metal they might provi…
Houston Lake extends gold zone at Dogpaw Lake — Junior company options formerly producing Arrow and Vimy mines
Drilling on the Dogpaw Lake property in northwestern Ontario has enabled Houston Lake Mining (HLM-A) to more than double the known strike length of gold mineralization.Houston Lake holds an option to …
Cons. Callinan returns mixed results from Lynn Lake
Diamond drilling at the Lynn Lake property near Flin Flon, Man., has returned lower gold grades and higher base metal values than previous intercepts.The assays also confirmed the continuity of minera…
Southern Peru gets funds for expansion
Having arranged a multi-Million-dollar loan, Southern Peru Copper (PCU-N) is embarking on a program aimed at expanding and modifying its operations.The first stage in the project calls for expansion o…