PRODUCER AND DEALEAR PRICES
Aluminium: LME settlements US$1,653 per tonne, alloy $1,455 per tonne (Sept. 23/97).Antimony: Composite free market, US$1,910 per tonne (Sept. 23/97).Bismuth: Composite free market US$3.40 per lb. (Se…
1997
Sahelian sees potential at Poura GLOBAL SEARCH FOR GOLD — Summer drilling marks turning — point in quest for Damoti gold — Company seeks to expand resource in deep drilling program
A work program by Sahelian Goldfields (SHGI-C) is adding to the resource potential of the Poura mine, a past producer of more than 600,000 oz. gold in Burkina Faso, West Africa.The company says recent…
GLOBAL SEARCH FOR GOLD — Barberton camp struggles with low gold prices — Canadian companies ease up on once-promising projects
The cramped, creaky cage that lowers miners to the depths of Avgold’s Sheba mine is a potent reminder that the Barberton area of South Africa is one the world’s oldest gold camps. For more than 100 ye…
GLOBAL SEARCH FOR GOLD — Teck eyes gold project in Uzbekistan
Interfax News Agency reports that two Canadian companies are vying to become involved in the Amantaytau Goldfields joint venture, which was set up to mine the Amantaytau and Daugistau gold deposits in…
GLOBAL SEARCH FOR GOLD — European Gold tests the luck ‘o the Irish
Toronto-based junior European Gold Resources (EGRI-C), through its wholly owned subsidiary, Omagh Minerals, intends not only to open Ireland’s first modern-day gold mine, but also to market its produc…
DIAMOND PAGE — Dia Met, partners scour Greenland for diamonds
Dia Met Minerals (DMM-T) and its partners are hot on the trail of diamonds in Greenland.Since June, joint-venture partners Dia Met, Canadian Mountain Minerals (CYM-A) and private Australian firm Quadr…
GLOBAL SEARCH FOR DIAMONDS — Global adds to diamond resource in South Africa
Following an extensive drilling program, California-based Global Diamond Resources (GDRS-O) has increased the resource at its Grasdrift alluvial diamond project in South Africa.The company lifted the …
STOCK MARKETS — Western markets barely withstand low gold prices — South Africa, Kazakstan among foreign plays eyed by investors
The Vancouver Stock Exchange composite index closed at 801.5, losing 14.45 points, or 1.8%, over the report period ended Sept. 23. The mining index finished down 19.87 points, or 2.7%, at 707.12.The c…
GLOBAL SEARCH FOR DIAMONDS — Aredor yields additional gems for Trivalence
Junior producer Trivalence Mining Concession (TMI-V) continues to receive encouraging results from its Aredor diamond alluvial project in Guinea.For July and August, Trivalence recovered a total of 2,…
GLOBAL SEARCH FOR GOLD — Echo Bay drills Jessup property
A drill program by Echo Bay Mines (ECO-T) will test the Jessup gold property in Nevada’s Churchill Cty.The major recently started its third round of drilling at the property, which is held by Americom…
GLOBAL SEARCH FOR GOLD — Drilling resumes at Sleeper property
Drilling by X-Cal Resources(XCL-T) will test the West Wood, Bedrock, Casino and Ready Line targets at the Sleeper gold property in Nevada’s Humboldt Cty.Earlier this year, X-Cal signed an agreement to…
GLOBAL SEARCH FOR GOLD — Drilling penetrates gold zone at Tanzania’s Geita — Development program continues at Samax’s Golden Pride property
While its 1-million-oz.-plus Golden Pride gold deposit remains its primary focus, Samax Resources (SMX-T) is increasingly encouraged by its separate Geita gold property, about 160 km to the northwest,…