Corner Bay Minerals (BAY-T) has launched a second drill program at the Alamo Dorado gold-silver property in Mexico’s Sonora state.A first round of 10 reverse-circulation holes revealed a showing of co…
Metal stocks (in tonnes) held in London Metal Exchange warehouses at Nov. 24/98 (change from Nov. 17 in brackets):MetalStocks (tonnes)Change…
Vancouver-based Triex Resources (TIE-V) is about to begin line-cutting, sampling and geophysical work at its newly optioned Pardo gold property 60 km northeast of Sudbury, Ont.The junior recently sign…
Having completed a $700,000 financing, Hebron Fjord Resources (HEF-M) is using a portion of the proceeds to drill-test its Torrecillas property in Peru.The first phase of drilling will consist of 1,00…
Gold Funds as of November 19, 1998BGRCentralNet Value$14.516.09Price$10.00…
In 1997, for the first time in three years, worldwide exploration expenditures of U.S. gold producers decreased, down 9% to US$582 million, according to a survey conducted by the Washington, D.C.-base…
Spurred by the third cut to interest rates this year, the Dow Jones industrial average surged during the Nov. 18-24 report period to an all-time high of 9,301.15 points. The average peaked at 9,374.27…
Aluminium: LME settlements US$1,281, alloy US$1,072 per tonne (Nov. 24/98).Antimony: Representative mid-market US$1,295 per tonne (Nov. 24/98).Bismuth: Representative mid-market US$3.20 per lb. (Nov. …
Drilling has opened up an untested horizon and added to the potential of the Caber North base metal target in northern Quebec’s Matagami region, reports Southern Africa Minerals (SAF-T).A 4,000-ft. dr…
Toronto-based Mountain Lake Resources (MOA-V) has reported the discovery of a new style of disseminated gold mineralization at its Valentine Lake project in Newfoundland.Hole 98-97 cut two near-surfac…
Short positions outstanding at November 15, 1998Larger individual positions include: Abitibi Consolidated 1,138,990; Alcan Aluminium 1,358,606, up 274,401; Anderson Exploration 214,560; Asia Pacific R…
Monopros, the Canadian exploration arm of De Beers Consolidated Mines (DBRS-Q), is looking at Canadian diamond potential over the long haul.The company recently added an office in an east-Toronto subu…
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