1997

LME WAREHOUSE LEVELS (March 24, 1997)

Metal stocks (in tonnes) held in London Metal Exchange warehouses at Mar.17/97 (change from previous week in brackets):Aluminium891,825(+14,150)Copper197,450(-8,075)Lead108,225(-850)Nickel46,54…


Nuinsco reports better grades from Rainy River

Drill results from the Rainy River property in northwestern Ontario point to improved gold grades.Nuinsco Resources (NWI-T) reports that hole 6, drilled diagonally into the No. 17 zone, intercepted 37…






Pacific Rim enters financing deal

Pacific Rim Mining (PFG-V) will use proceeds from a $12.7-million equity financing to accelerate exploration of its Cerro Blanco and La Colorada properties in northwestern Argentina and fund future ac…




Musselwhite mine yields yellow metal

Placer Dome’s (PDG-T) 68%-owned Musselwhite mine in northern Ontario has poured its first gold.Situated 120 km north of Pickle Lake, the mine is slated to produce 200,000 oz. gold per year for about 1…


Hecla to proceed at La Jojoba

Hecla Mining (HL-N) will proceed with exploration and development of Aquiline Resources’ (AQI-V) La Jojoba gold project in Mexico’s Sonora state.To earn a 60% interest in the property, Hecla will reim…


Mongolia Gold outlines strong anomaly at Bumbat

A property-wide sampling program at Mongolia Gold Resources’ (MGR-V) 49%-owned Bumbat Gold Field property in Mongolia has identified an open-ended gold-in-soil anomaly measuring 1,700 metres long by 2…


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