1997

Wednesday, January 22, 1997Price (US)Week’s ChangeGold*$350.10- $2.35Silver*$ 4.70…

The Philippine subsidiary of Newmont Gold (NGC-N) has optioned a 60% interest in two application areas on the island of Luzon from TVI Pacific (TVI-T) for US$4 million.TVI holds a government contract …

Hoping to repeat last year’s successful exploration campaign at the Meliadine gold project near Rankin Inlet, N.W.T., equal partners Cumberland Resources (CBD-T) and Comaplex Minerals (CMF-T) intend t…

Almazy Rossii-Sakha (ARS), Russia’s largest producer and only authorized exporter of rough diamonds, and South Africa’s De Beers Consolidated Mines are believed to be inching their way towards a new t…

When I was a barber in Timmins, Ont., I always kept copies of The Northern Miner on hand. My clients enjoyed following stories about mining projects and developments, including the nearby Texas Gulf S…

The first shipment of gold was made by Kazakstan Goldfields (KGFC-C) from its mines in north-central Kazakstan.The company (KG), which took over management of the then-dormant Aksu, Jolymbet and Besto…

Diamond drill results from a gold project in Virginiatown, Ont., are being greeted enthusiastically by Armistice Resources (ACI-M).The program, which is being carried out from a drift at the 2,250-ft….

Proceeds from a $1.3-million private placement will be used by Sirios Resources (SOI-M) to carry out diamond drilling on its properties in Quebec.At the Delestre massive sulphide project, 70 km northe…

Partners Ashton Mining of Canada (ACA-T) and Pure Gold Resources (PUG-T) have launched a drill program aimed at uncovering diamonds in the north-central part of Alberta, northeast of Grande Prairie.Th…

Drill results from the Drybones Bay diamond project in the Northwest Territories are proving encouraging for Trade Winds Resources (TDN-V).In 1996, the company tested the eastern portion of the comple…

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Metal stocks (in tonnes) held in London Metal Exchange warehouses at Jan.20/97 (change from previous week in brackets):Aluminium963,325(-5,175)Copper143,225(+11,750)Lead115,375(-2,275)Nickel49,…