METAL PRICES (May 31, 1999)
BASE METALS (London Metal Exchange-Midday official cash/3-month prices, US$ per tonne)DateMay 25May 24May 21May 20…
News
LME WHSE LEVELS (May 31, 1999)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at May 25/99 (change from May 18 in brackets):MetalStocks(tonnes)Change…
Engineering work begins at Samira Hill gold project
With a positive feasibility study in hand, Etruscan Resources (EET-T) has initiated site preparation and engineering work at the Samira Hill gold project in Niger, West Africa.A unit of Rand Merchant …
Band-Ore uncovers PGEs
Sampling by Band-Ore Resources (BAN-T) at its recently acquired Nym Lake property has returned respectable platinum and palladium values.Five of six grab samples collected along 200 metres of an intru…
US Congress goes to bat for Crown Jewel
A joint committee of the U.S. House of Representatives and the Senate has overturned a decision by the Departments of the Interior and Agriculture to deny a plan of operations and revoke a record of d…
PRECIOUS METALS — Starfield takes look at Ferguson Lake
Junior Starfield Resources (SRU-A) is preparing to explore its Ferguson Lake platinum-palladium property in the new Canadian territory of Nunavut.Situated 160 km south of Baker Lake, the 23,200-ha pro…
PRECIOUS METALS — Birim continues search for Ghanaian gold
Shallow drilling at the Akrokeri property in Ghana, West Africa, has intersected more near-surface gold mineralization for partners Birim Goldfields (BGI-T) and Australian-based Dominion Mining.The la…
PRECIOUS METALS — OGS discovery sheds light on Stull Lake area
The daily press and the public, who usually yawn through both mining reports and government news releases, pricked up their ears at an announcement that kimberlite indicator minerals had been discover…
PRECIOUS METALS — Nevada Pacific aims drills at Moreau project
Junior Nevada Pacific Gold (NPG-V) has begun a 4,000-ft. program of reverse-circulation (RC) drilling at its fully owned Moreau gold project, near Parker, Ariz.The company will test for gold mineraliz…
PRECIOUS METALS — IFC financing puts Dukat project on fast track — Pan American Silver says move is a clear vote of confidence
A recent financing paves the way for Pan American Silver (PAA-T) to step up development of the Dukat silver project in far eastern Russia.International Finance Corp. (IFC), a private-sector lending ar…
Goldcorp funds mine — Red Lake mine to start up in late 2000
A recently closed $60-million financing will enable Goldcorp (G-T) to step up development of its Red Lake gold mine in Balmertown, Ont.In a deal with a syndicate led by Griffiths McBurney & Partners, …
PRECIOUS METALS — Partners hit wide intervals at Kanegele
Juniors Pangea Goldfields (PGD-T) and Explorations Minieres du Nord (MDN-M) are showing that there may yet be a few elephants left in Tanzania’s Lake Victoria Goldfields district.The partners intersec…