Platexco eyes PGM property
Platexco (PTX-T) is conducting a US$1.7-million bankable feasibility study at its Winnaarshoek platinum- palladium-rhodium-gold property on the eastern limb of the Bushveld igneous complex in South Af…
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Gov’ts open Nunavut geoscience base — Office part of federal effort to support northern mineral projects
A new geoscience centre in Iqualuit, Nunavut, will be instrumental in helping that region discover and exploit its mineral potential, say the three government partners involved in the project.Natural …
DIAMOND PAGE — Ashton keeps faith at Buffalo Hills
Diamond explorer Ashton Mining of Canada (ACA-T) has identified four new drill targets on the Buffalo Hills joint venture plus four others on the surrounding Cayo lands in northern Alberta.The announc…
Valerie completes due diligence
Having completed its due diligence, junior Valerie Gold Resources (VLG-V) is proceeding with exploration of the Santa Barbara gold-copper project in Ecuador.Valerie can earn a half-interest in the pro…
Hecla picks up property
Coeur d’Alene, Idaho-based Hecla Mining (HL-N) has formed a joint venture with Fairmile Gold (FLA-A) in order to explore the Highland project, 100 miles east of Reno in west-central Nevada.Hecla can e…
U.S. MARKETS — Gold continues rise
The Dow Jones industrial average climbed 125.06 points, or 1.2%, during the report period ended Oct. 5 to close at 10,400.59.Gold miners were mixed as the metal continued its bumpy rise. Spot prices o…
Union Miniere buys stake in America Mineral Fields
By way of a $22-million private placement, Brussels-based major Union Miniere is acquiring a 20% interest in America Mineral Fields (AMZ-T), part owner of the stalled Kolwezi copper-cobalt tailings pr…
Guinea feasibility study positive for Semafo
A feasibility study on the Jean-Gobele gold project in east-central Guinea has concluded that a 55,000-oz.-per-year open pit mine would be profitable at a gold price of US$260 per oz.Commissioned by o…
METAL PRICES (October 11, 1999)
BASE METALS (London Metal Exchange-Midday official cash/3-month prices, US$ per tonne)DateOct. 5Oct. 4Oct. 1Sept. 30…
PRODUCER & DEALER PRICES (October 11, 1999)
Antimony: Mid-mkt US$1,180/t.Bismuth: Mid-mkt US$4.55/lb.Cadmium: Mid-mkt US$0.20/lb.Chromium: Mid-mkt ores US$65/t.Cobalt: Recent trades US$14.75-17.30/lb.Copper: Comex Dec. US$0.81/lb.Indium: Indium…
LME WHSE LEVELS (October 11, 1999)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, Oct. 5/99 (change from Sept. 28 in brackets):MetalStocks (tonnes)Change…
Junior works South Carlin
Drilling by Nevada Pacific Gold (npg-v) at its South Carlin property in Nevada has confirmed the presence of a large hydrothermal system.Partial assays from the 3-hole, 6,480-ft. program show elevated…